26.1 C
Abuja
Monday, May 20, 2024

P/Harcourt Refinery to resume production in December, targets 54,000/60,000 bpd –Lokpobiri

Must read

The refurbished Port Harcourt Refinery is expected to supply the local market with 54,000 to 60,000 barrels of petroleum products per day when it resumes production by December, the Minister of State for Petroleum Resources, Heineken Lokpobiri, announced yesterday.

Lokpobiri, who was on a facility inspection of the refinery, said that rehabilitation of the first phase of the refinery had been relatively successful and would commence production by the end of the year.

He said the Warri and Kaduna refineries would follow suit next year.
“From what we have seen here, the first phase will come on stream by the end of 2023 with about 54,000 to 60,000 barrels per day of production,” he said of the Port Harcourt Refinery.

He said the refinery is expected to be fully rehabilitated by the end of 2024.

“Warri will start by the first quarter of next year with about 70,000 barrels per day, and Kaduna will come on stream towards the end of next year.

“If we add all that to the Dangote refinery, we will be able to stop fuel importation and start saving a substantial part of our funds, and Nigerians will also begin to enjoy the benefits of full deregulation.”
He said the refinery is expected to be fully rehabilitated by the end of 2024.

“Warri will start by the first quarter of next year with about 70,000 barrels per day, and Kaduna will come on stream towards the end of next year.
“If we add all that to the Dangote refinery, we will be able to stop fuel importation and start saving a substantial part of our funds, and Nigerians will also begin to enjoy the benefits of full deregulation.”

The Dangote Refinery has a production capacity of 650,000 barrels per day.

He expressed satisfaction at the extent of work done on the Port Harcourt Refinery.

He said his team would inspect all refineries in the country to ensure that, in the next few years, Nigeria will stop fuel importation.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article