Connect with us

FEATURED

Port Harcourt Refinery Will Come On Stream December, Says Lokpobiri

Published

on

…Says FG committed to ending fuel importation

The Federal Government has reiterated its commitment to ending petroleum product importation soon, as efforts are being redoubled to restore the nation’s local refining capacity.

Chief Corporate Communications Officer of Nigeria National Petroleum Company Limited (NNPCL), Garba Deen Muhammad, disclosed this in a statement on Friday.

The statement said that the Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, stated this during an inspection tour of the rehabilitation work progress at the Port Harcourt Refining Company (PHRC) Ltd. plant, in Port Harcourt on Friday.

The Minister, who was in the company of his counterpart, the Minister of State for Petroleum (Gas), Hon. Ekperikpe Ekpo; Permanent Secretary, Federal Ministry of Petroleum Resources, Ambassador Gabriel T. Aduda, and the Group CEO, NNPC Ltd., Mr. Mele Kyari, said considering the level of progress recorded in the PHRC rehabilitation project, the plant will come back on stream by December this year.

“Our objective in coming here today is to ensure that in the next few years, Nigeria stops fuel importation. From what we have seen here today, Port Harcourt Refinery will come on board by the end of the year, Warri will come on stream by the end of the first quarter of next year, and Kaduna will also come on board towards the end of next year. If you add that to the Dangote Refinery, we will be able to stop fuel importation, and Nigerians will enjoy the full benefits of deregulation,” the Minister assured.

Advertisement

The Minister also said he was satisfied with the ongoing rehabilitation work at the Port Harcourt refinery, noting that once all the refineries are back on stream, Nigerians will enjoy a better supply of petroleum products, and foreign exchange will be domesticated, leading to an improved economy.

Earlier in his remarks, the Group CEO, NNPC Ltd., Mr. Mele Kyari, said bringing back the refineries to their optimal levels is a national aspiration, and the Company remains focused on delivering that.

“We are aware of our nation’s challenges in terms of fuel supply. But we are not here to give excuses. We are focused on delivering this rehabilitation project, our two other refineries, and all other investments towards revamping the nation’s refining capacity. We are hopeful that in 2024, this country will be a net exporter of petroleum products,” Kyari stated.

Also speaking, the Minister of State for Petroleum (Gas), Hon. Ekperikpe Ekpo said: “We are here to go into the field. Yesterday was the era of subsidies. Today, we don’t have subsidies. Today, people are in a desperate situation to heave a sigh of relief; and see how to live. You all know that petrol is very vital to our economy. All hands must be on deck to ensure that the refineries are working,” he stated.

During the visit, the two Ministers also participated in the Refineries’ Rehabilitation Steering Committee meeting and held a meeting with the refinery’s Engineering, Procurement & Construction (EPC) Contractors.

Advertisement
Continue Reading
Advertisement
Click to comment
COMMUNITY REPORT17 hours ago

DSCTDA Sustains Cleanup Exercise at Koka Bridge

FEATURED23 hours ago

el-Rufai Moved from EFCC to ICPC Detention Facility Over Ongoing Investigations

FEATURED24 hours ago

COAS Advocates for Sustainable Veterans’ Welfare Systems Backed by Law

Profiled
FEATURED24 hours ago

Alleged $6bn Mambilla Fraud: Agunloye Knew Sunrise Power Owner, Leno Adesanya Before Ministerial Appointment – EFCC Witness

FEATURED1 day ago

Two Arraigned for Alleged N143million Fraud in Benin-City

FEATURED1 day ago

Court Grants EFCC Interim Attachment Order on Nine Mineral-Laden Trucks Impounded in Ilorin

POLITICS1 day ago

Isoko North Chairman Commends Peaceful Conduct of APC Council Ward Congresses

FEATURED1 day ago

Tinubu Signs Order to Eliminate NNPCL’S Deductions, Direct Remittance of Oil Revenues to Federation Account

FEATURED1 day ago

Electoral Act: It’s Not About Politics, It’s About Process – Tinubu

FEATURED1 day ago

NDPC Probes Temu for Alleged Violation of Data Protection Act

BUSINESS1 day ago

How FairMoney is Powering the Next Generation of Nigerian SMEs, By James Edeh

FEATURED2 days ago

Cross-Sector Budget Defense: Sen. Nwoko’s Ensures Active Engagement to Enhance Transparent Resource Allocation

FEATURED2 days ago

NSCDC Apprehends 10 Vandals, Kidnappers in Abuja

COMMUNITY REPORT2 days ago

Isoko South Chairman Hands Over 100 Pieces of Chairs Donated to Enwhe Comprehensive High School

FEATURED2 days ago

Isoko North Boss Hails Oborevwori’s Gender-friendly and Inclusive Approach to Governance

Advertisement
Advertisement

z