Port Harcourt Refinery To Conclude Test Run This Month – NNPCL
The Nigerian National Petroleum Corporation Limited (NNPCL) has disclosed that test runs at the 60,000-bpd Port Harcourt refinery will be completed this month.
“Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” NNPC spokesperson, Femi Soneye said.
It made it known that the first phase of the plant had been completed, as the facility would start refining 60,000 barrels of crude oil daily after the Christmas break.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, had stated that the first phase of the PHRC was completed on December 20, 2023, adding that refined products’ production would commence after the Yuletide.
It is expected that once functional, alongside the Dangote Refinery which is expected to start oil refining this year, the facility will ease the pressure on the country’s foreign exchange.
Though the cost of refined products would reduce once these facilities start pumping, experts and downstream operators stated it would not lead to a massive price crash,