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Free AccessShell Resumes Oil Supply to Nigeria’s Port Harcourt Refinery
Shell has resumed supply of crude from its Bonny export terminal to the Port Harcourt refinery, according to Zawya.
- The dual-unit refinery is nearing a restart following a revamp and will initially begin with processing 60k b/d, before ramping up to the full 210k b/d later in 2024.
- Shell delivered a total of 475k bbl to the refinery on Jan. 18.
- NNPC had said that it planned to complete test runs at the facility by the end of January.
- The re-start of Port Harcourt coincides with the start-up of the 650k b/d Dangote refinery, with the ambition for Nigeria to become a net exporter of oil products.
- Once fully operational, the production will likely put pressure on demand for European gasoline imports, a key supplier to WAF.
To read the full story
Sign up now for free trial access to this content.
Please enter your details below.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.