- The Port Harcourt refinery has begun fuel production after several postponements.
- The Nigerian National Petroleum Company Limited (NNPC) confirmed the development, stating that truck loading would start on Tuesday.
- The refinery will start with a 60,000 barrels capacity per day, producing Premium Motor Spirit, diesel, and other products.
- The Port Harcourt Refinery is the second petrol-producing refinery in Nigeria, following the Dangote Refinery’s commencement of PMS production in September.
The Port Harcourt refinery’s commencement of fuel production marks a significant milestone in Nigeria’s efforts to increase domestic fuel production and reduce reliance on imported refined products. The refinery, which has been in operation since 1965, has undergone renovation and modernisation worth $1.5 billion, acquired by the Nigerian government in March 2021.
The refinery’s production capacity is expected to boost the availability of petroleum products in the Nigerian market, potentially leading to a reduction in fuel costs. The development is also seen as a step towards Nigeria’s goal of becoming self-sufficient in fuel production.
