P/Harcourt refinery resumes production by December, targets 54,000/60,000 bpd –Lokpobiri
The refurbished Port Harcourt Refinery is expected to supply the local market with 54,000 to 60,000 barrels of petroleum products per day when it resumes production by December, Minister of State, Petroleum Resources, Heineken Lokpobiri, announced on Friday.
Lokpobiri who was on a facility inspection of the refinery said that rehabilitation of the first phase of the refinery had been relatively achieved and would commence production by the end of the year.
Lokpobiri also noted that the Warri refinery will start functioning by first quarter of 2024, while the Kaduna and Dangote refineries will come on stream towards the end of next year.
These, according to the Minister, will stop fuel importation in the country and enable Nigerians to enjoy the full benefits of deregulation.
It will be recalled that rehabilitation works commenced at the Port Harcourt Refinery on May 2021, after the Federal Executive Council approved the sum of $1.5 billion for the exercise.
The facility operates two refineries – the old refinery with a capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd.
The two refineries bring the Port Harcourt refinery’s combined crude processing capacity to 210,000 bpsd.
The deadline for the refinery to become functional has been shifted twice. It was earlier scheduled to become functional by December 2022 by former Minister of State for Petroleum, Timipre Sylva but that failed. Later, the date was shifted to March 2023.
Lokpobiri has, however, assured that there’s no going back on the current deadline.
Speaking after inspecting the facilities yesterday, he said: “Our objective is to ensure that in the next few years, Nigeria will stop fuel importation. The idea is to ensure that we complete these refineries on time to enable the people enjoy the benefits of deregulation.
“These things take time to do, but Nigerians should expect better supply of fuel and better economy. We believe that this projects will be completed as scheduled to renew the hopes of Nigerians.”
Also speaking, the Minister for State for Gas Resources, Kperikpe Ekpo, said government is desperate to generate more gas that can boost power supply and also reduce the burden of fuel consumption.
He assured of the Federal Government’s resolve to stop gas flaring, saying, “Gas flaring will stop and gas generation will increase so that we have uninterrupted power supply in the country. I am satisfied with what I have seen in Port Harcourt refinery facilities.”
He said the Warri and Kaduna refineries would follow suit next year.
“From what we have seen here, the first phase will come on stream by the end of 2023 with about 54,000 to 60,000 barrels per day production,” he said of the Port Harcourt Refinery.
The refinery is expected to be fully rehabilitated by the end of 2024, he said.
“Warri will start by the first quarter of next year with about 70,000 barrels per day and Kaduna will come on stream towards the end of next year.
“If we add all that to Dangote refinery, we will be able to stop fuel importation, start saving substantial part of our funds and Nigerians will also begin to have the benefits of full deregulation.”
