Politics
“2024 Sho Whyne Me Ni?”- Nigerians Kick As NNPCL’s Mele Kyari Announces Completion Date For Port-Harcourt Refinery
“2024 Sho Whyne Me Ni?”- Nigerians Kick As NNPCL’s Mele Kyari Announces Completion Date For Port-Harcourt Refinery....KINDLY READ THE FULL STORY HERE▶
Written By Oshiobugie John
The Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Corporation Limited (NNPCL), Mele Kyari, has disclosed that the second phase of the Port-Harcourt refinery’s repair will be finalized by the fourth quarter of 2024. Kyari made this announcement during the inspection tour of the rehabilitation project, coinciding with the 15th Refineries’ Rehabilitation Steering Committee Meeting. CONTINUE READING
As of December 15, 2023, Kyari reported that approximately 84.4% of the crucial Area-5 Plant and 77.4% of the overall rehabilitation project had been completed. He emphasized the commitment to ensuring the refinery is re-streamed to deliver value to Nigerians, stating, “We are done with phase one. We will complete phase two as promised within 2024, maximum – the last quarter of 2024.”
Speaking at the meeting, the Managing Director of the Port-Harcourt Refinery Company, Ibrahim Onoja, highlighted that the renewed plant, upon completion, will serve Nigeria for decades, lasting for another 50 years. Onoja emphasized the multifaceted benefits, including job creation, feedstock for industries, revenue generation, foreign exchange, and enhanced energy security.
The Minister of State for Petroleum Resources (Gas), Ekperikpe Ekpo, added that the Port-Harcourt Refinery Company (PHRC) would produce cooking gas, contributing to a reduction in the importation of the commodity.
In a significant development reported yesterday, the NNPCL announced the completion of the Area 5 section of the Port-Harcourt refinery, marking successful mechanical completion and flare start-up. The federal government had approved a $1.5 billion contract for the rehabilitation of the 210,000-barrel capacity Port-Harcourt refinery in March 2021. The rehabilitation, awarded to Tecnimont SPA, an Italian company, is being executed in three phases spanning 18, 24, and 44 months.
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