• July 26, 2021

#Oil: Second Phase Rehabilitation Of Port Harcourt Refinery To Commence In Q1 2021

(AGENDAWATCHDOG) – The second phase rehabilitation of the Port Harcourt refinery would commence in the first quarter of next year, according to Mallam Mele Kyari, the Group Managing Director at the Nigerian National Petroleum Commission (NNPC), who disclosed this  during a media chat with Energy Correspondents in Abuja.

The GMD also disclosed that the NNPC was in the process of strengthening the products distribution system by revamping its pipeline network through a Build, Operate and Transfer (BOT) model whose process is already at an advanced stage.

Kyari added that much had been put in place to boost oil exploration and production with an aim of raising national reserves to 40 billion barrels and daily production to 3 million.

PROJECTED IMPACT: The refinery’s rehabilitation, when completed, will increase production to meet the country’s 3m barrels per day production target, help the country attain self-sufficiency in refining and transform her into a net exporter of petroleum products.

Agenda Watchdog

Read Previous

#Oil: FG Targets 250,000bpd of Petroleum Products From Modular Refineries

Read Next

Ethiopian Military Commences Offensive On Tigray Capital City