Business
Port Harcourt Refinery Recommences Operation
The Port Harcourt Refinery in Rivers State has recommenced operation in line with the Federal Government’s promise to ensure the production of refined products at the facility in December 2023.
The Port Harcourt Refinery, with a combined capacity of 210,000 barrels per day, is set to come on board as it begins operations today, Businessday has learnt.
“Yes, the refinery is set, we will visit the the refinery site today to kickstart it’s operation, Amaka Okafor, special assistant to Heineken Lokpobiri, minister of state for petroleum (oil) told Businessday.
The $1.5 billion rehabilitation project was launched by the Buhari administration in 2019, to restore the aging refinery to its nameplate capacity of 210,000 barrels per day (bpd).
The project seen as a critical step towards boosting Nigeria’s domestic refining capacity and reducing its dependence on imported petroleum products.
Mele Kyari, Group Chief Executive Officer of the NNPC Ltd had earlier announced that the Port Harcourt refinery will commence operation in December 2023.
-
World News5 days agoBiden says ‘nobody can reverse’ his climate agenda. But Trump is poised to try.
-
Business6 days agoTinubu Reforms in Nigeria not working, IMF report hints
-
Gist20 hours agoVIDEO: Congo’s president daughter’s bedroom video leaks
-
Business6 days agoNigeria’s Finance Ministry Transfered Over N55m To Personal Account For Perm Sec’s Retirement Party
-
Politics6 days agoOndo Decides; Results From Polling Units Trickles In See Live Results Here
-
Politics6 days agoIMPEACHMENT: Imo Assembly Under Pressure to Remove Gov. Hope
-
News5 days agoDelta Assembly Approves Name Change for University of Science and Technology, Ozoro
-
News5 days agoTrackNews Felicitates New NUJ Bayelsa State Exco