The Nigerian National Petroleum Company Limited (NNPC Ltd.) said that the Old Port Harcourt Refinery is currently generating substantial amounts of petroleum products every day at 70% capacity.
After years of operational failures, this is a significant turning point in the refinery’s rehabilitation.
In a statement issued by Olufemi Soneye, Chief Corporate Communications Officer of NNPC Ltd., the refinery produces the following outputs daily:
The refinery mixes Straight-Run Gasoline with crack C5, a substance from Indorama Petrochemicals, to satisfy necessary gasoline standards, Vangurad reported.
According to NNPC, this blending procedure is commonplace globally since no refinery unit can produce gasoline that completely satisfies national criteria without further processing.
According to NNPC, work is being done to boost the refinery’s capacity from 70% to 90%. Significant advancements have also been made on the new Port Harcourt Refinery, which is anticipated to start up shortly.
Some people claimed that the refinery was not operating, however the NNPC rejected these accusations, calling them “unfounded.” The business stressed the value of concentrating on the accomplishments made under President Bola Ahmed Tinubu’s direction, who has made reviving the country’s energy industry a top priority.
The business urged Nigerians to back its continuous initiatives to change the energy scene and to abstain from sabotaging advancements with unfounded criticism.
Nigeria is moving closer to energy self-sufficiency with the reactivation of the Port Harcourt Refinery, which promises better fuel product supply and less reliance on imports.
TimesNow.com.ng reported that the Nigerian National Petroleum Company Limited (NNPC) and the Nigeria Upstream Petroleum Regulatory Authority (NUPRA) say Nigeria’s crude oil production exceeded the 1.5 million barrels per day OPEC quota.
NNPC chief corporate communications officer Olufemi Soneye revealed this in a statement on Monday, November 25, 2024.
The NNPC spokesman disclosed this to clarify that there was no disparity between the crude oil production figures released by the NNPC and those of NUPRA
Source: TimesNow.com.ng
