Nigeria’s Port Harcourt Refinery has formally started to process crude oil. The Nigerian National Petroleum Company Limited’s (NNPCL) spokeswoman, Olufemi Soneye, verified the news on Tuesday. With a daily capacity of 250,000 barrels, the refinery has begun operations at 60% capacity.CONTINUE FULL READING>>>>>
It is currently processing 60,000 barrels of crude oil daily.
According to Daily Post, this marks a significant milestone for the refinery, which has faced multiple delays and failed start-up targets in the past.
The Port Harcourt Refinery’s reopening comes as part of Nigeria’s efforts to revitalize its domestic refining sector, which has long been plagued by inefficiencies, technical issues, and underperformance.
The renewed operations are expected to alleviate some of the country’s dependence on imported refined petroleum products and potentially reduce the cost of fuel imports.
Despite several false starts and missed deadlines over the years, the restart of the Port Harcourt Refinery represents a crucial step toward the country’s goal of enhancing its oil refining capabilities.
The full capacity of 250,000 barrels per day is expected to be reached in the coming months, contingent upon further improvements and maintenance.
This achievement follows years of uncertainty surrounding the future of Nigeria’s refineries, including the Port Harcourt and Kaduna plants, which have been the subject of ongoing discussions about privatization and reforms in the Nigerian oil sector.CONTINUE FULL READING>>>>>
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