Tag: Port Harcourt refinery

‘Loading Bay Empty,’ Port Harcourt Refinery Halts Operations +REASON

Efe Wellington

‘The refinery started operations truly, but trucks loaded at the gantry contained “dead stock.”’ You actually want to read the revelation by a staff at the refinery + what Saturday PUNCH found out after an unscheduled visit to the facility   Operations at the newly rehabilitated Port Harcourt refinery have been temporarily halted as the loading gantry of the newly revamped installation is now empty. The Lagos-based PUNCH newspaper, which reported this in its Saturday edition, declared that a visit by its correspondent to the refinery on Friday revealed that…

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‘Crass Display of Ignorance,’ NNPC Ltd Addresses Self-Acclaimed ‘Community Person’ Claims On Port Harcourt Refinery

Efe Wellington

Six reasons Nigerians should disregard Timothy Mgbere’s video – Olufemi Soneye   The Nigerian National Petroleum Company Limited (NNPC Ltd) has described as crass display of ignorance the video of citizen Timothy Mgbere on the Port Harcourt Refinery. Mgbere, a self-acclaimed “community person has alleged that the much-publicised restreaming of the Port Harcourt and truck-out of Premium Motor Spirit (petrol) which held earlier in the week were all false. Reacting to the video, spokesperson for the NNPC Ltd, Olufemi Soneye, who stated in a statement to Platforms Africa that Mgbere’s…

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‘Standard Practice,’ PETROAN Clarifies Port Harcourt Refinery’s Blending Status

Aliyu Aliyu

‘I do not know any refinery in the world that does not engage in blending’, How PETROAN President Billy Gillis-Harry put record straight   President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-Harry, has clarified the controversy surrounding the Port Harcourt refinery’s operations. Reacting to claims by some critics that the refinery is merely a blending plant, Gillis-Harry emphasized that blending is a standard practice in crude oil refining processes worldwide. The Port Harcourt refinery, which resumed operations after 22 years, has been touted as…

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Unforeseen Risks, Challenges We Faced On Port Harcourt Refinery – NNPCL

Aliyu Aliyu

After missing another deadline in September, and about a year since it announced mechanical completion, NNPC says PH refinery to be completed, delivered “shortly.”   The Nigerian National Petroleum Commission (NNPC), barely two months after missing its September completion deadline, has provided reasons for the delay in delivering the much-anticipated Port Harcourt Refinery Company (PHRC). Platforms Africa reports that The Punch quoted the NNPC Chief Corporate Communications Officer, Olufemi Soneye, to have said this in an interview with its correspondent on Monday. Soneye attributed the delay to unforeseen risks and…

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Refinery: NNPC takes hunt for $1bn loans to Afreximbank, Others 

Efe Wellington

  The Nigerian National Petroleum Corporation (NNPC) is in talks to raise around $1 billion in a prepayment with trading firms to refurbish its largest refining complex at Port Harcourt. Reuters, which reported this on Thursday quoted seven sources familiar with the discussions including the spokesperson for Afreximbank. If the financing is concluded, the long overdue rehabilitation of the refinery should reduce Nigeria’s hefty fuel import bill. It would also mark Nigeria’s second oil-backed financing since the COVID-19 pandemic that has added to the difficulty of finding investors as fuel…

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