The Port Harcourt Refining Company (PHRC) Ltd in Rivers State has officially commenced crude oil processing, marking a significant step toward enhancing Nigeria’s energy self-sufficiency.
Femi Soneye, Chief Corporate Communications Officer of the Nigerian National Petroleum Company Limited (NNPCL), announced the development on Tuesday, describing it as a “monumental achievement” for the country.
“Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation,” Soneye stated.
He congratulated President Bola Ahmed Tinubu, the NNPCL Board, and the Group CEO Mele Kyari for their dedication to revitalizing Nigeria’s refining capabilities, which have been dormant for years.
According to Soneye, truck loading operations have also commenced, signaling the refinery’s readiness to supply petroleum products to the domestic market. He further revealed that efforts are underway to bring the Warri Refinery back online soon.
This milestone is expected to reduce Nigeria’s dependence on imported petroleum products, lower foreign exchange pressure, and create more jobs in the energy sector.
FG, WIOCC Partner To Connect 3 Million Homes To Internet
Beatrice Ekweremadu Released From UK Prison, Returns To Nigeria
FG Convicts Over 100 Terrorist Financiers, Targets Financial Crimes
Tinubu Approves Inland Dry Ports In Ogun, Oyo To Boost Economy