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Home Economy And Business

BREAKING: Port Harcourt Refinery Commences Crude Oil Processing

the Port Harcourt Refinery in Rivers State has commenced crude oil processing, marking a significant milestone in Nigeria’s quest to boost local refining capacity.

by NewsOnline Nigeria
November 26, 2024
in Economy And Business, Exchange Rates, Headline, Tech, Top Stories
0
Mele Kyari

Mele Kyari

Port Harcourt Refinery has commenced crude oil processing.

 

NewsOnline Nigeria reports that the Port Harcourt Refinery in Rivers State has commenced crude oil processing, marking a significant milestone in Nigeria’s quest to boost local refining capacity.

This Nigeria news platform understands that the Chief Corporate Communications Officer of the Nigeria National Petroleum Company Limited (NNPCL), Olufemi Soneye, confirmed the development, stating that the refinery is set to operate at 60 percent of its capacity.

 

 

ALSO: President Tinubu Vows To Achieve $1tn Economy With Third-Quarter GDP Growth

 

This Nigerian news platform understands that the Nigerian National Petroleum Company Limited (NNPCL) had set multiple dates for the refinery’s operational start, including promises made in March, August, and September 2024, all of which passed without fulfillment.

 

However, in a message from an impeccable source, seen by Leadership, the NNPC said: “Today (Tuesday) marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation.

 

“Hearty congratulations to President Bola Ahmed Tinubu, the NNPC Board, and the exceptional leadership of GCEO Mele Kyari for their unwavering commitment to this transformative project. Together, we are reshaping Nigeria’s energy future!”

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