The Presidency has introduced that 200 vehicles will load petroleum merchandise each day from the Port Harcourt Refinery, marking a major step in Nigeria’s vitality sector.
Sunday Dare, the Particular Adviser on Public Communications and Orientation to the President, disclosed this in an announcement on Tuesday.
He confirmed that the refinery’s Previous Wing has resumed operations with a manufacturing capability of 60,000 barrels of crude oil per day.
“The Port Harcourt Refinery has two Wings. The Previous Refinery comes on stream at this time with an put in manufacturing capability of 60,000 barrels per day of crude oil. About 200 vehicles are anticipated to load merchandise each day from the refinery, Renewing the Hopes of Nigeria,” he stated.
Extra Insights
In one other improvement, President Tinubu hailed the graduation of operations on the Port Harcourt Refinery, describing it as a major milestone in Nigeria’s oil and fuel sector.
- He acknowledged the pivotal position performed by former President Muhammadu Buhari in initiating the excellent rehabilitation of the nation’s refineries and expressed gratitude to the African Export-Import Bank for its confidence in financing this important undertaking.
- Tinubu additionally counseled the management of NNPC Restricted’s Group Chief Govt Officer, Mele Kyari, whose unwavering dedication and dedication had been instrumental in overcoming challenges to attain this milestone.
“President Bola Tinubu extends his heartfelt congratulations to the Nigeria Nationwide Petroleum Firm Restricted (NNPCL) on the profitable revitalization of the Port Harcourt refinery, marked by the official graduation of petroleum product loading on November 26, 2024.
“The President acknowledges the pivotal position of former President Muhammadu Buhari in initiating the excellent rehabilitation of all our refineries and expresses gratitude to the African Export-Import Bank for its confidence in financing this important undertaking.
“Moreover, President Tinubu commends the management of NNPC Restricted’s Group Chief Govt Officer, Mr. Mele Kyari, whose unwavering dedication and dedication had been instrumental in overcoming challenges to attain this milestone,” the assertion learn.
Moreover, he urges NNPC Restricted to expedite the scheduled reactivation of each the second Port Harcourt refinery and the Warri and Kaduna refineries.
Backstory
Nairametrics beforehand reported that the state-owned Port Harcourt Refinery has formally resumed manufacturing of petroleum merchandise.
This was additionally confirmed by Olufemi Soneye, spokesperson for the Nigerian Nationwide Petroleum Company (NNPC) Restricted, on Tuesday.
He stated, “Right now marks a monumental achievement for Nigeria because the Port Harcourt Refinery formally commences crude oil processing. This groundbreaking milestone signifies a brand new period of vitality independence and financial progress for our nation.
“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the distinctive management of GCEO Mele Kyari for his or her unwavering dedication to this transformative undertaking. Collectively, we’re reshaping Nigeria’s vitality future.”
What You Ought to Know
- Nigeria, regardless of being an oil-producing nation, has relied closely on importing petroleum merchandise, with over $2 billion spent yearly on petrol imports.
- With the operationalization of each the Dangote Refinery and state-owned services, the nation goals to turn into a web exporter of petroleum merchandise by 2025. The Dangote Refinery, with a manufacturing capability of 650,000 barrels per day, is predicted to satisfy native demand and export to neighboring nations.
- For now, the Port Harcourt Refinery, working at its present capability, will deal with addressing home wants.
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