Port Harcourt Refinery Set to return to production by December

Port Harcourt Refinery Set to return to production by December

  • Twitter
  • Facebook
  • Pinterest
  • Linkedin
Share this

In a significant stride towards energy independence, the Port Harcourt Refinery is gearing up for its much-anticipated return to production this December.Port Harcourt Refinery to return back to production in December

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.

Remarkably, the rehabilitation progress stands at an impressive 69.9 percent completion rate.Port Harcourt Refinery to return back to production in December

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.

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.Port Harcourt Refinery to return back to production in December

Reinforcing this commitment, the Minister of State for Petroleum Resources and Oil, Heineken Lokpobiri, paid an official visit to the refineries.

Like this post?
We’d be delighted to hear from you. Please leave a comment in the box below!

Leave a Reply

Your email address will not be published.
Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.