FOR YOUR PERSONAL UPDATES– Register Now

  • CONTACT
  • MARKETCAP
  • BLOG
xanifinance.com
  • BOOKMARKS
  • Home
  • News
  • Crypto
  • Tech
  • Industries
  • Economics
  • Tutorials
    Buy and Sell

    Buy, sell and use crypto

    Earn Crypto

    Learn and earn crypto

    Crypto Wallet

    The best self-hosted crypto wallet

  • Pages
    • Blog Index
    • Contact Us
    • Customize Interests
Reading: Port Harcourt refinery commences operation [VIDEO]
Share
xanifinance.comxanifinance.com
Aa
Search
  • Home
  • News
  • Crypto
  • Tech
  • Industries
  • Economics
  • Tutorials
  • Pages
    • Blog Index
    • Contact Us
    • Customize Interests
Have an existing account? Sign In
Follow US
  • Home
  • News
  • Crypto
  • Tech
  • Industries
  • Economics
  • Tutorials
  • Pages
© XaniFinance News Network. Xani Digital.All Rights Reserved.
xanifinance.com > Blog > News > Port Harcourt refinery commences operation [VIDEO]
News

Port Harcourt refinery commences operation [VIDEO]

Last updated: 2023/12/21 at 5:09 AM
Published 21 December 2023
Share

The Port Harcourt Refining Company, PHRC, Limited, with a combined capacity of 210,000 barrels per day, commenced operation on Wednesday, DAILY POST learnt.

According to a video sighted by DAILY POST, the refinery’s flare indicated the commencement of oil refining.

The development comes months after the Minister of State for Petroleum (Oil) Senator Heineken Lokpobiri said in August that the Port Harcourt refinery will commence operation in December 2023.

According to the Minister, the objective is to ensure the country stops importing fuel.

Corroborating Lokpobiri’s stance, the Nigerian National Petroleum Corporation Limited, NNPCL, declared that importing petroleum products into the country will cease by December 2024.

The Group Chief Executive Officer of the NNPCL, Mele Kyari, said, “I can confirm to you that by the end of December this year, we will start the Port Harcourt refinery; early in the first quarter of 2024, we will start the Warri refinery, and by the end of 2024, Kaduna refinery will come into operation.

In March 2021, the Federal Executive Council approved $1.5 billion to rehabilitate the Port Harcourt Refinery.

Accordingly, data showed that the Nigerian government has spent N11.35 trillion ($25 billion) in the past ten years on fixing the country’s three refineries.

Meanwhile, with the commencement of Port Harcourt Refinery, stakeholders in the downstream sector said the price of fuel, which is over N617/litre, may drop.

Video:

Breaking News

Port-Harcout Refinery is Alive

Congratulations to the Good People of the Federal Republic of Nigeria.

Renewed Hope is Alive

pic.twitter.com/Wsi4ieDmH9

— Pastor Okezie J. Atañi… (@ONsogbu) December 20, 2023

Port Harcourt refinery commences operation

You Might Also Like

$30 billion GDP: Nsukka zone’s competitive, comparative advantages under-utilized – Chamber of Commerce

Nigerian Govt opens up on ‘special prayers’ for food security

CBN directs Nigerian banks to pause dividend payments to foreign subsidiaries

Four Nigerian companies push NGX to N486bn single-day gain

Naira records highest depreciation against dollar in weeks

Sign Up For Daily Newsletter

Be keep up! Get the latest breaking news delivered straight to your inbox.

By signing up, you agree to our Terms of Use and acknowledge the data practices in our Privacy Policy. You may unsubscribe at any time.
Share This Article
Facebook Twitter Email Copy Link Print
Previous Article NGX hits historic N40trn market capitalization as ASI crosses 73,000 points
Next Article Yuletide: FG announces date to commence free train services
Leave a comment

Click here to cancel reply.

Please Login to Comment.

Follow US

Find US on Socials
Facebook Like
Instagram Follow

Subscribe to our newslettern

Get Newest Articles Instantly!

    - Advertisement -
    Ad image
    Popular News
    Trump Strategist Outlines How Bitcoin Helped Republicans Win the 2024 Election
    Your Ultimate Guide to Earning Cryptocurrencies!
    Welcome to XANIPAY Self-Hosted Crypto Wallet: Your Key to Secure and Private Digital Asset Management!

    Follow Us on Socials

    We use social media to react to breaking news, update supporters and share information

    Facebook Instagram
    xanifinance.com

    We influence 20 million users and is the number one business blockchain and crypto news network on the planet.

    Subscribe to our newsletter

    You can be the first to find out the latest news and tips about trading, markets...

      Ad image
      xanifinance.comxanifinance.com
      © XaniFinance News Network. Xani Digital.All Rights Reserved.
      Join Us!

      Subscribe to our newsletter and never miss our latest news, podcasts etc..

        Zero spam, Unsubscribe at any time.
        Welcome Back!

        Sign in to your account

        Register Lost your password?