Latest News
Privatization Move: NNPCL To Transfer Port Harcourt Refinery Management To Private Entities
As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators……CONTINUE READING
The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company.
This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.”
In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like long-term and short-term production/operations planning; production and operations execution; monitoring, reporting, and optimisation of operations; maintenance execution; health and safety; environmental management; minor projects and others.
NNPCL requested that interested companies must demonstrate “a minimum average annual Turnover of at least $2 billion USD for the financial years ending: 2019, 2020, 2021 and 2022 respectively.”
The NNPCL had commenced the supply of crude oil to the Port Harcourt refinery to test-run it.
On December 21, 2023, the Federal Government announced the mechanical completion of rehabilitation work on the Area-5 Plant of the Port Harcourt Refining Company in Rivers State.
It said 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 Port Harcourt Refinery, situated in Nigeria’s oil-rich Niger Delta region, has been in operation since 1965. The Alesa Eleme refinery complex is situated in Rivers State, Nigeria, approximately 25 kilometres east of Port Harcourt.
In March 2021, the Nigerian government approved a GBP 1.08 billion ($1.5 billion) budget for the renovation and modernisation of the refinery complex.
-
Latest News7 days agoTinubu Govt Declares Nationwide Public Holiday For Nigerians
-
Entertainment5 days ago₦800,000, ₦5m, $11,000: Ogogo’s Daughter Accuses Nigerians Of Exploiting Father’s Cancer
-
Latest News1 week agoTinubu Meets Akpabio, Doguwa, Oyetola, Alake At Aso Rock
-
Latest News2 weeks agoINEC Makes Fresh Announcement After Declaring Adeleke Winner Of Osun Election
-
Latest News6 days agoAPC Chairman Collapses, D!es
-
Latest News4 days agoUzodinma Won’t Market Tinubu To Igbos’ – Oshiomhole Reveals Who Should Help
-
Latest News4 days agoTinubu Renews Appointments In NTA, NAN
-
Latest News3 days agoFG Announces New Appointment
-
Entertainment1 week agoOgogo’s Family Breaks Silence, Debunks Viral D**th Rumour
-
Gist2 weeks agoYour Uncle Adeleke Is The Real Arindin’ – Sowore Fires Back At Davido
-
Latest News3 days agoTinubu Reviews APC Campaign Council Over ‘Corrupt’ Names — See Who Escaped the Shake-Up
-
Latest News2 weeks agoOsun Election: INEC Gives Fresh Update As Voting Continues