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Home Business & Finance

Port Harcourt Refinery Ceases Operations Weeks After $1.5 Billion Rehabilitation

Nnaemeka OkwarabyNnaemeka Okwara
December 21, 2024
in Business & Finance
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Port Harcourt Refinery Ceases Operations Weeks After $1.5 Billion Rehabilitation
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The Port Harcourt Refinery has shut down its operations less than a month after resuming production following a $1.5 billion rehabilitation project. This development has raised concerns about the refinery’s ability to work properly and the effectiveness of the much-publicized rehabilitation effort.

The shutdown happened on Thursday, December 19, 2024, and stopped the distribution of Premium Motor Spirit (PMS), which is usually called petrol. Sources confirmed that tanker operations had completely stopped. There were 18 trucks parked on the road near the refinery and an additional nine trucks idle within the parking yard. The once-busy loading bay was notably deserted, with minimal human or vehicular movement observed.

The rehabilitation project, initiated in March 2021, aimed to restore the refinery’s functionality after years of dormancy. On November 26, 2024, the refinery, which can process 60,000 barrels of oil each day, was officially inaugurated by Mele Kyari, the Group Chief Executive officer of the Nigerian National Petroleum Company Limited (NNPCL).

Reports indicate that this isn’t the first time the refinery has had problems working since its reopening. In November 2024, the refinery shut down briefly, and only the Crude Distillation Unit (CDU) was in operation. While the CDU can produce products like naphtha, kerosene, and diesel, it cannot produce PMS

Tags: federal characterNewsPort HarcourtPort Harcourt Refinery Ceases Operations Weeks After $1.5 Billion RehabilitationrefineryRehabilitation
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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