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Home Business & Finance

NNPC Postpones Port Harcourt Refinery Launch For Sixth Time

Nnaemeka OkwarabyNnaemeka Okwara
August 14, 2024
in Business & Finance
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NNPC Postpones Port Harcourt Refinery Launch For Sixth Time
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Nigerian National Petroleum Company (NNPC) Limited has announced another delay in the launch of the Port Harcourt Refinery, marking it sixth postponement since it was constructed.

The refinery which was originally scheduled to commence operations in 2021, has faced repeated delays due to technical, financial and logistical problems severally. The latest setback has raised concern about Nigeria’s energy infrastructure and refining ability.

Despite assurances from NNPC’s Group CEO, Mele Kyari, that it would run by early August this year, some inside sources have stated it is taking more time than expected to do repairs and upgrades.

The port Harcourt Refinery, with an output capacity of 210,000 barrels of crude oil per day, is critical for enhancing domestic fuel supply thereby fostering economic development in Nigeria. However, repeated postponement on this project has raised doubts about its viability or even the capability of NNPC to handle hefty projects.

This lack of indication on when NNPC will go ahead with launching their refinery, has angered many industry stakeholders and the general public.

NNPC’s representative Olufemi Soneye said briefly that the project is “on course” though he didn’t elaborate nor give any revised dates for completion of such a huge establishment.

The delayed launch of the Port Harcourt Refinery holds critical importance for Nigeria’s energy security and socioeconomic growth as it relies largely on imported refined petroleum products.

Tags: federal characterNewsNigeriannpcNNPC Postpones Port Harcourt Refinery Launch For Sixth TimePort Harcourtrefinery
Nnaemeka Okwara

Nnaemeka Okwara

Okwara Nnaemeka Emmanuel is a skilled wordsmith, passionate blogger, and content writer with a degree in Media Content, He has made a significant mark in the industry. He also holds certification in Marketing and advertising. He has honed a unique blend of creativity and strategic thinking.Driven by a belief in the power of creativity, He has established a niche for himself in diverse regions, leaving a trail of successful projects and satisfied clients. His ability to craft compelling narratives and engage audiences sets him apart in the competitive world of content creation.As a dedicated professional, He continues to push boundaries and set new landmarks in their field. Whether it's through captivating blog posts, persuasive copywriting, or innovative content strategies, Nnaemeka’s consistently delivers excellence, leaving a long lasting impact

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