The refinery, which has been undergoing comprehensive rehabilitation and upgrade work, is set to revive its operations after a period of meticulous refurbishment.
Bola Tinubu’s recent announcement resonates with the nation’s aspirations, as he affirmed that the first refinery will recommence production in December 2023.
A firsthand account from our correspondent, who visited the site, revealed the presence of diligent workers from the contracting company, Tecnimont TCM, along with various subsidiary enterprises.
Moreover, attention is being directed towards the restoration of the vital crude and finished product storage facilities within the refinery’s 1, 2, 3, 4, and 5 tank farms.
Sources from within the industry divulge that the existing refinery, boasting a daily production capacity of sixty thousand barrels, could potentially resume full-scale operations later this year.
In tandem with this development, the new refinery, engineered to handle a substantial one hundred and fifty thousand barrels per day, is projected to initiate its production phase in the latter part of 2024.
Petroleum Ministers of State inspect rehabilitation work at Port Harcourt refinery pic.twitter.com/4D1OXnAl0Z
— AIT (@AIT_Online) August 26, 2023
Earmarking a substantial commitment to this essential sector, the federal government allocated a staggering one point five billion dollars in 2021 for the comprehensive rehabilitation and modernization of the Port Harcourt Refineries.
Reinforcing this commitment, the Minister of State for Petroleum Resources and Oil, Heineken Lokpobiri, paid an official visit to the refineries.