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Reading: JUST IN: Port Harcourt refinery resumes production
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BusinessOil & Gas

JUST IN: Port Harcourt refinery resumes production

Last updated: 2024/11/26 at 9:46 AM
tnm
2 Min Read
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In a major milestone for Nigeria’s energy industry, the Port Harcourt Refinery has resumed operations following a comprehensive renovation and modernization project that began in 2021. The $1.5 billion rehabilitation initiative, spearheaded by the Federal Government, marks a turning point in the nation’s journey toward energy self-sufficiency.

The reopening, initially delayed eight times due to various challenges, was officially announced by the Nigerian National Petroleum Company Limited (NNPCL) on Tuesday. In a statement celebrating the achievement, the NNPCL hailed the project as a testament to the country’s commitment to economic growth and energy independence.

“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering dedication to this transformative project. Together, we are reshaping Nigeria’s energy future!” the statement read.

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The first trucks of petroleum products are set to be dispatched from the refinery under the watchful supervision of Mallam Mele Kyari, NNPCL’s Group Chief Executive Officer, who toured the facility on Monday night.

Located in Alesa Eleme, Port Harcourt, the refinery complex features two operational units with a combined installed capacity of 210,000 barrels per day (bpd). The older unit, established in 1965, can process 60,000 bpd, while the newer unit, added in 1989, has a capacity of 150,000 bpd.

The refinery’s relaunch is expected to significantly reduce Nigeria’s reliance on imported petroleum products, easing foreign exchange pressures tied to fuel importation. The facility will produce premium motor spirit, diesel, and liquefied petroleum gas, among other products, strengthening the nation’s energy infrastructure and boosting local supply chains.

This landmark achievement underscores Nigeria’s commitment to advancing its energy sector and signals a brighter, more self-reliant future for the nation.

 

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TAGGED: NNPC, Port Harcourt Refinery
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