EKO HOT BLOG reports that the Nigerian National Petroleum Corporation Limited has revealed that test runs at the 60,000-bpd Port Harcourt refinery will be completed this month.
“Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” Reuters quoted NNPC spokesperson, Femi Soneye, as saying.
EDITOR’S PICKS
- [BREAKING] 2024: Tinubu Addresses Nigerians, Makes Promises – FULL TEXT
- How Akeredolu’s Aides Betrayed Him While He Was Still In Office – Ex-Aide Alleges
- Just In: Felix Tshisekedi Wins Congo Presidential Election
Soneye added that the test run was a major step towards resuming operations five years after the plant was shut.
The state-owned oil company announced in December the mechanical completion of rehabilitation work on the Area-5 Plant of the facility.
It said the first phase of the plant had been completed, as the facility would start refining 60,000 barrels of crude oil daily after the Christmas break.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, had stated that the first phase of the PHRC was completed on December 20, 2023, adding that refined products’ production would commence after the Yuletide.
It is expected that once functional, alongside the Dangote Refinery which is expected to start oil refining this year, the facility will ease the pressure on the country’s foreign exchange.
FURTHER READING
- Ministers, Service Chiefs, Visit Plateau Over Fresh Attack
- How Can My Daughter Be SS When I’m SC And Wife’s AA? – Father Demands Answers From Oyo Hospital
- Mbah Visits Tinubu In Lagos, Pays Yeltide Homage
Though the cost of refined products would reduce once these facilities start pumping, experts and downstream operators stated it would not lead to a massive price crash.
Click to watch our video of the week
Discover more from EkoHotBlog
Subscribe to get the latest posts to your email.
Advertise or Publish a Story on EkoHot Blog:
Kindly contact us at [email protected]. Breaking stories should be sent to the above email and substantiated with pictorial evidence.
Citizen journalists will receive a token as data incentive.
Call or Whatsapp: 0803 561 7233, 0703 414 5611