The Port Harcourt Refinery has received a total of one million barrels of crude oil from the Nigerian National Petroleum Company Ltd (NNPCL). ..Read Full Article
This development comes after the mechanical completion of the Old Port Harcourt Refinery in December last year.
According to sources, the NNPCL is pushing for a phased commencement of refining activities, with August being considered as a possible date for the partial start of full refining operations. The one million barrels of crude oil were supplied to the refinery in two tranches, with the latest delivery made last Wednesday.
Industry experts estimate that about 170 litres of refined petroleum products can be obtained from a barrel of crude oil. This means that the one million barrels supplied by the NNPCL can provide an estimated 170 million litres of Premium Motor Spirit (petrol) and other refined products.
It is also learnt that the Nigerian Midstream and Downstream Petroleum Regulatory Authority has issued the necessary license for the refinery to commence operations.
The Port Harcourt Refinery Rehabilitation Project, worth approximately $1.5 billion, covers the entire scope of Engineering, Procurement, Construction, Installation, and commissioning phases.
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