"Fully Operational" NNPC Clears the Air on State of Port Harcourt Refinery
- NNPC has debunked media reports claiming that the recently revamped Port Harcourt Refinery in Rivers State has shut down operations
- The state-owned oil firm stated that the allegation was false as loading operations at the refinery continued uninterrupted
- The company advised the public to disregard the reports as it is a fabrication of those trying to create artificial fuel scarcity
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Legit.ng journalist Victor Enengedi has over a decade's experience covering Energy, MSMEs, Technology and the Stock Market.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has dismissed claims suggesting that the recently rehabilitated Port Harcourt Refinery has ceased operations.
According to NNPC, the refinery remains fully functional.
Earlier on Saturday, media reports alleged that petrol distribution, which had just resumed, halted last Friday, leaving the refinery's 18-arm loading bay inactive.
Source: Getty Images
Port Harcourt refinery fully operational
The Chief Corporate Communications Officer, Olufemi Soneye, described the reports as baseless and "totally false".
The statement partly read:
"We wish to clarify that such reports are totally false as the refinery is fully operational as verified a few days ago by former Group Managing Directors of NNPC."
The NNPC clarified earlier that the newly revamped Port Harcourt Refinery is over 90% complete.
Soneye stated that preparations for the day’s loading activities are currently underway at the refinery.
He urged the public to disregard such reports, describing them as mere fabrications by individuals seeking to engineer artificial fuel scarcity and exploit Nigerians.
Legit.ng previously reported that the Port Harcourt Refinery resumed production on Tuesday, November 26, after a five-year hiatus. Petroleum products were observed being loaded onto trucks for distribution.
The NNPC stated that the refinery produces various petroleum products, including straight-run gasoline, petrol, kerosene, diesel, and Liquefied Petroleum Gas (LPG), commonly known as cooking gas.
The Port Harcourt Refining Company (PHRC) manages the oil plant, which has a production capacity of 60,000 barrels per day, along with the new facility designed to handle 150,000 barrels per day.
Petrol landing cost drops to N970/litre
In related news, Legit.ng earlier reported that the Major Energy Marketers Association of Nigeria (MEMAN) confirmed a significant reduction in the landing cost of petrol.
The association stated that the petrol landing cost dropped to N970 per litre in December from N971 recorded in November.
The association said that the drop in landing cost was due to the decline in crude oil prices and exchange volatility.
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Source: Legit.ng
