- The Nigerian National Petroleum Company Limited (NNPC) has stated that the re-streaming of the 60,000 barrels per day Port Harcourt refinery is a significant milestone in Nigeria’s quest for energy self-sufficiency and security.
- The refinery’s restart is part of NNPC’s efforts to revitalize Nigeria’s refining capacity and reduce dependence on imported petroleum products.
- NNPC has also championed the adoption of Compressed Natural Gas (CNG) as an alternative energy source, offering Nigerians a cleaner and more cost-effective solution.
The Nigerian National Petroleum Company Limited (NNPC) has emphasized the significance of the re-streaming of the 60,000 barrels per day Port Harcourt refinery in Nigeria’s quest for energy self-sufficiency and security. According to NNPC’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, the refinery’s restart marks a turning point in Nigeria’s energy landscape.
NNPC has made significant strides in revitalizing Nigeria’s refining capacity, with the Port Harcourt refinery being a key component of this effort. The company has also promoted the adoption of Compressed Natural Gas (CNG) as an alternative energy source, providing Nigerians with a cleaner and more cost-effective solution.
Under the leadership of Group CEO, Mr. Mele Kyari, NNPC has achieved several milestones, including declaring profit for the first time in decades and exceeding profit projections for 2024. The company has also facilitated significant investments in the energy sector, including a $1 billion loan to support the Dangote Refinery and a $3 billion Gazelle loan to stabilize the federation during a foreign exchange crisis.
