November 26, 2024
Port Harcourt Refinery begins crude oil processing after protracted delays
Business News

Port Harcourt Refinery begins crude oil processing after protracted delays

Port Harcourt Refinery begins crude oil processing after protracted delays

The Port Harcourt Refining Company (PHRC) in Rivers State has officially commenced crude oil processing, marking a significant milestone for Nigeria’s energy sector. The announcement was made by Femi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), who described the development as a “new era of energy independence and economic growth.”  

Mr. Soneye commended President Bola Tinubu, the NNPC Board, and Group CEO Mele Kyari for their dedication to the project. He also revealed that truck loading operations have begun, with efforts underway to restart the Warri Refinery soon.  

Also Read: NNPC, Dangote refinery sign 10-year gas supply deal to boost production

The move ends years of delays and missed deadlines. Originally slated for September 2023 production, the refinery’s start date was postponed multiple times, despite a $1.5 billion government-approved rehabilitation plan in 2021.  

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