Skip to content
July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Political Economist

Political Economist

A liberal News reporting Politics, Sports, Business, Commentaries

  • Home
  • National News
    • Metro News
      • metro
    • Society
    • Crime and Justice
  • Special Reports
    • Investigation
    • Features
    • Interviews
  • Opinion
    • Commentaries
    • Perspectives
  • Press Releases
  • International News
  • Business & Economy
  • Politics
Watch Online
  • Home
  • Business & Economy
  • B-R-E-A-K-I-N-G: Port Harcourt refinery begins operation as NNPC Ltd. inspects first lifting of petroleum product
  • Business & Economy

B-R-E-A-K-I-N-G: Port Harcourt refinery begins operation as NNPC Ltd. inspects first lifting of petroleum product

Admin November 26, 2024

NNPC Limited logo

Nov. 26, 2024

….Plant Begins Truck-out of Products

The Port Harcourt Refinery, managed by the Nigerian National Petroleum Company Limited (NNPC Ltd.) through the Port Harcourt Refining Company Limited (PHRC) has commenced operations after undergoing rehabilitation and modernisation.

The refinery with 210,000 bpd refining capacity located at Alesa, Eleme, in Port Harcourt, comprises two operational units which were established in 1965 and 1989.

In a statement on Tuesday by its spokesperson, Olufemi Soneye, the NNPC Ltd. said it has fulfilled its pledge of re-streaming the PHRC, signaling the commencement of crude oil processing from the plant and delivery of petroleum products into the market.

The old plant refines a capacity of 60,000 barrels per day (bpd), while the new plant refines 150,000 bpd.

It would be recalled that the Federal Government, under former President, Muhammadu Buhari, had in March 2021 secured a 1.5 billion dollars loan to rehabilitate the facility which contract was awarded to an Italian firm, Tecnimont S.P.A, a subsidiary of Maire Tecnimont Group.

On Tuesday, trucks began loading petroleum products which include Premium Motor Spirit (PMS) or petrol, Automotive Gas Oil (AGO) or diesel and Household Kerosene (HHK) or Kerosene, while other product slates will be dispatched as well.

Speaking during a brief ceremony to mark the commencement of products loading at the Refinery on Tuesday in Port Harcourt, the Group CEO, Mr. Mele Kyari described the commencement of the loadout activities as a monumental achievement for Nigeria which signifies a new era of energy independence and economic growth for the country.

The GCEO particularly thanked President Bola Ahmed Tinubu, GCFR, for his unwavering support and understanding towards the rehabilitation project and for his persistence to ensure energy security for the country.

Kyari also expressed deep appreciation to the NNPC Ltd. Board of Directors and the entire staff for their support and commitment, which crystallized into the streaming of the refinery. He also commended the contractors for doing a great job in ensuring that the refinery is delivered despite all challenges.

The GCEO further thanked Nigerians for their patience and for the legitimate expectations on the Company to deliver on the other refineries.

In his remarks, the Chief Executive of the Nigerian Midstream & Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Farouk Ahmed congratulated the NNPC Ltd. for the milestone and assured of his agency’s continued support towards the completion of rehabilitation work at the other refineries.

The PHRC rehabilitation project, is an Engineering, Procurement, Construction, Installation & Commissioning (EPCIC) project that is aimed at restoring the refinery to full functionality and renewal. It has achieved over 16 million manhours with zero Loss Time Injury (LTI).

  • Facebook
  • Share on X
  • LinkedIn
  • WhatsApp
  • Email
  • Copy Link
Tags: Eleme NNP Ltd

Post navigation

Previous Musk’s Neuralink to launch feasibility trial with brain implant, robotic arm
Next Global uncertainties suppress investment in Africa – UNDP

Related Stories

Lagos ports expect 26 ships with diverse cargoes greater efficiency
  • Business & Economy

Lagos ports expect 26 ships with diverse cargoes

July 21, 2026
NCC advocates evidence-based decisions in African telecom regulation
  • Business & Economy

NCC advocates evidence-based decisions in African telecom regulation

July 21, 2026
FG rolls out credit scheme for laptops, internet-enabled devices
  • Business & Economy

FG rolls out credit scheme for laptops, internet-enabled devices

July 21, 2026
logo

Political Economist is a liberal news magazine with global affiliations.

At Political Economist, we promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists. <

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com

Follow

Subscribe to notifications

You may have missed

CBN confirms opening two accounts for fake agency, but says no money came in
  • Crime and Justice

CBN confirms opening two accounts for fake agency, but says no money came in

July 21, 2026
Lagos ports expect 26 ships with diverse cargoes greater efficiency
  • Business & Economy

Lagos ports expect 26 ships with diverse cargoes

July 21, 2026
ICPC hands over forfeited 27.92 hectares of $65m housing project to FMBN ICPC
  • National News

ICPC hands over forfeited 27.92 hectares of $65m housing project to FMBN

July 21, 2026
NCC advocates evidence-based decisions in African telecom regulation
  • Business & Economy

NCC advocates evidence-based decisions in African telecom regulation

July 21, 2026
  • Home
  • About us
  • Contact us
  • Newsletter
  • Privacy Policy
Copyright © All rights reserved. | DarkNews by AF themes.