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The old Port Harcourt Refinery is about to be restored to refine 60,000 barrels per day (BPD), with which production will begin in the first quarter of 2023.
Ahmed Dikko, The Managing Director of the Port Harcourt Refining Company Limited, announced the new development when the House of Representatives Ad-Hoc Committee visited the refinery to assess the 1.5 billion dollar rejuvenation project of the facility.
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He mentioned that when the project is fully completed by the end of 2024, the refinery will have the capacity to refine 210,000 barrels per day, also noting that the project will be done based on the time stated and the budget approved.
He also added that to stick with the scheduled time some of the equipment that needed replacement is being dispatched by air.
“We plan to finish Area 5 by the first quarter of next year, so we can begin to run it. It is an old refinery. It is a 60, 000 barrels per day capacity plant and it is a priority for us at this point. The other parts of the refinery would come a few months after that. We are on track and managing the process very well and would continue to do the best we can at all times to ensure that we meet these expectations we put on ourselves so we all would be proud of all these activities and begin to have some refining capacity in Port Harcourt,” he said.
The Managing Director also thanked the House of Representatives for supporting the project.
The Chairman of the House Ad-Hoc Committee, Hon Ganiyu Johnson was among the committee members that visited and inspected the plant and He was pleased with the progress of the project
“So far on behalf of my committee members, we are satisfied with the level of work because we did not expect this level of performance when we left Abuja. But after going round we are satisfied with the level of performance” He said.
He mentions the only solution to the oil subsidy that Nigeria faces is to restart its refineries. He also requests that the people should be patient with the company.
“We owe Nigerians the duty to ensure this place is working. Because if these refineries are not working, we would continue to suffer and God forbid we hope it would not get to a stage where an average man cannot buy fuel and that is why we really want to encourage you and support you and make sure you complete this refinery. Even if it is just Port Harcourt for now, it means we would be able to deliver 210, 000 BPD” The Chairman said.
The Committee’s Chairman urged the Managing Director to hasten the completion of the project so it can be ready at the specified time.
Source: The Nation