POLITICS
Port Harcourt Refinery Resumes Operations
The Port Harcourt Refinery has recommenced operations.
The refinery has a capacity of 210,000 barrels per day.
The federal government had promised that operations at the refinery would commence in December 2023.
In August 2023, Senator Heineken Lokpobiri, the Minister of State for Petroleum (Oil), explained that the operational refineries would stop the country’s over-reliance on fuel imports.
The Nigerian National Petroleum Corporation Limited (NNPCL) had also affirmed that the importation of petroleum products into the country would cease by December 2024.
Mele Kyari, the Group Chief Executive Officer of NNPCL, also projected the commencement of the Warri refinery in the early first quarter of 2024 and the operation of the Kaduna refinery by the close of 2024.
In March 2021, the Federal Executive Council sanctioned a $1.5 billion budget for the rehabilitation of the Port Harcourt Refinery.
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