Port Harcourt Refinery Set to Begin Operations by End of July 2024

In a positive development for Nigeria’s energy sector, the Independent Marketers Association of Nigeria (IPMAN) has announced that the 210,000-barrel-per-day Port Harcourt refinery is expected to commence operations by the end of July 2024.

google.com, pub-3822032484198406, DIRECT, f08c47fec0942fa0

Ukadike Chinedu, the IPMAN National Public Relations Officer, stated that the refinery’s mechanical and flare start-off processes had been completed, bringing it closer to full operational status. This is in line with previous statements made by the Minister of State for Petroleum Resources, Heineken Lokpobiri, in December 2023.

Ukadike expressed optimism that the refinery’s activation will help reduce the price of petroleum products and ensure adequate supply, ultimately stimulating economic activities in the country. He acknowledged that there had been some delays in the past, but emphasized that the refinery is now 99% ready for launch.

The upcoming start of the Port Harcourt refinery, combined with the imminent arrival of the Dangote refinery, is expected to introduce much-needed competition in the Nigerian fuel market, further benefiting consumers.

This development is seen as a significant step towards Nigeria’s goal of reducing its reliance on imported petroleum products and strengthening its domestic refining capabilities.

Leave a Reply

Your email address will not be published. Required fields are marked *