GOOD NEWS: Port Harcourt And Warri Refineries Begin Oil Production – NNPC

After nine months of rehabilitation the Nigerian National
Petroleum Corporation (NNPC) has announced the
successful re-streaming of the Port Harcourt and Warri
refineries.
The Punch reports that after successful test runs, the
refineries began production with the Port Harcourt
Refining Company reaching 60 per cent of its production
capacity. The Warri Refining and Petrochemical Company
is expected to reach 80 per cent of its production
capacity too.

The NNPC projected that the Port Harcourt and Warri
refineries are expected to produce 5 million and 3.5
million litres per day respectively.
The NNPC explained that rehabilitation of the refineries
had to be switched from the original builders to new ones
after the former nominated some partners that came up
with ‘outrageously unfavourable terms’
READ ALSO: No to fuel subsidy removal – Sani
With the successful project carried out on the Port
Harcourt and Warri refineries, focus is now on the
Kaduna Refining and Petrochemical Company which is
expected to come on stream too.
Meanwhile, Opeyemi Agbaje, the chief executive officer
of RTC Advisory Services Limited, stated that the time
was ripe for the federal government to remove the fuel
subsidy.