.png)
.png)
8 hours ago
4
- The NNPC Limited has announced plans to unopen down the Port Harcourt Refining Company (PHRC)
- According to NNPC Ltd, the determination was made to person the refinery acquisition attraction and statesman connected May 24, 2025.
- The refinery, with a combined capableness of 210,000 barrels per day, was precocious rehabilitated for operation
Legit.ng writer Dave Ibemere has implicit a decennary of business journalism acquisition with in-depth cognition of the Nigerian economy, stocks, and wide marketplace trends. (edited)
The Nigerian National Petroleum Company Limited (NNPCL) has disclosed that the Port Harcourt Refining Company (PHRC) is scheduled for a planned attraction shutdown starting May 24, 2025.
Source: Getty Images
The announcement was made by Olufemi Soneye, the main firm communications serviceman of NNPC Ltd, successful a connection released connected Saturday, May 24.
NNPC said the scheduled attraction and sustainability assessment, and it is moving with each applicable stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to guarantee the attraction and appraisal activities are carried retired efficiently and transparently."
The connection reads:
"The Nigerian National Petroleum Company Limited (NNPC Ltd.) wishes to pass the wide nationalist that the Port Harcourt Refining Company (PHRC) volition acquisition a planned attraction shutdown."This scheduled attraction and sustainability appraisal volition commence connected May 24, 2025."We are moving intimately with each applicable stakeholders, including the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), to guarantee that the attraction and appraisal activities are carried retired efficiently and transparently."NNPC Ltd besides assured Nigerians that it remains committed to energy information and continues to prosecute with Nigerians, Punch reports.
The nationalist lipid institution added:
"NNPC Ltd. remains steadfast successful its committedness to delivering sustainable vigor information for Nigeria."Further updates volition beryllium provided regularly done our authoritative channels, including our website, media platforms, and nationalist statements."
Source: Twitter
Overview of the PH refinery
The Port Harcourt Refineries dwell of 2 units, with the aged works having a refining capableness of 60,000 barrels per time (bpd) and the newer works susceptible of processing 150,000 bpd, totalling 210,000 bpd.
The refinery has not operated astatine afloat capableness for implicit 2 decades. It was past unopen down successful March 2019 for archetypal repair works, pursuing the engagement of Italy’s Maire Tecnimont arsenic the contractor for the complex's review, with Eni serving arsenic the method advisor.
In 2021, NNPC Ltd announced the commencement of repairs astatine the refinery, supported by a $1.5 cardinal support from the Federal Executive Council (FEC).
On 21 December 2023, the Nigerian authorities announced the mechanical completion and the flare start-off of the refinery.
Dangote adjusts prices
Earlier, Legit.ng reported that the Dangote refinery has adjusted its prices at slightest six times betwixt January and April 2025, archetypal N950 per litre to the existent N831 per litre.
On Tuesday, May 20, the Dangote Refinery again slashed petrol prices to N831 per litre, from N834 the erstwhile time for marketers.
On Thursday, May 22, different N15 simplification successful retail prices for its partners was announced.
Partners' retail outlets successful Lagos volition merchantability astatine N875 per litre from N890.
PAY ATTENTION: Сheck retired quality that is picked exactly for YOU ➡️ find the “Recommended for you” artifact connected the location leafage and enjoy!
Source: Legit.ng
