The Port Harcourt Refining Company is getting closer to beginning operations and starting production like the Dangote Refinery.
Senior officials from the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited disclosed that the refinery is undergoing crucial licensing procedures.
Punch Newspaper quoted a senior ministry official who confirmed the supply of crude oil to the plant.
The official said:
TimesNow.com.ng had reported that in March this year, Mele Kyari, Group Chief Executive Officer of NNPC, announced that the refinery had received 450,000 barrels of crude oil, anticipating operational commencement in April.
This date was missed, and Kyari explained:
Also, Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) Heineken Lokpobiri, recently said that the refinery is nearing its final stages of rehabilitation.
He defended the rehabilitation progress during a recent press conference, drawing parallels with the Dangote Petroleum Refinery’s timeline.
He noted that substantial efforts are required post-mechanical completion before refineries can commence refined product output.
Lokpobiri said:
Earlier, TimesNow.com.ng reported that Dangote, in a chat with journalists, confirmed that petrol production has already begun.
The billionaire also revealed that petrol sales to marketers will commence in August 2024.
There is an expectation that the refinery will help reduce petrol prices from the current rate of over N700.
Source: TimesNow.com.ng
