April 25, 2024 16:06 GMT
Nigeria's NNPC Plan to Boost Port Harcourt Refinery Complex
REFINING
Nigeria’s NNPC on Thursday signed an agreement allowing a local refiner to build and operate a 100,000 bpd refinery within NNPC's Port Harcourt Refinery complex.
- The 210,000 bpd Port Harcourt refinery was shut five years ago and is among state-owned plants which the government is reviving. NNPC expects the refinery to hit the full capacity later this year.
- NNPC is looking to boost its refining in Nigeria at the same time as the major Dangote refinery runs at just shy of half of its 650kbd nameplate capacity, also looking to boost domestic supply as well as export oil products.
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