NNPC sets process of building new refinery in motion

…Signs deal to construct 100,000bpd plant within Port Harcourt Refinery

By Abiodun OBA

The Nigerian National Petroleum Company Limited (NNPC Ltd) has set in motion the process of building a new refinery in the country.

In a statement obtained from its official X handle, the Executive Director, Downstream of the NNPC Ltd, Dapo Segun, disclosed that when fully operational, the refinery will supply petrol, diesel, aviation fuel and cooking and other petroleum products to the local and international markets and provides employment opportunities for Nigerians.

The Executive Director further disclosed that NNPCL signed a contract with African Refinery Port Harcourt Limited (ARPHL) to build 100,000 barrels per day, bpd, refinery within the Port Harcourt Refinery and Petrochemical Complex in Rivers state.

Segun stated: “NNPC Ltd.’s move to boost local refining capacity witnessed a boost today with the signing of a share subscription agreement between NNPC Limited and African Refinery Port Harcourt Limited for the co-location of a 100,000-bpd capacity refinery within the PHRC complex.

“The signing of the agreement is a significant step towards setting in motion the process of building a new refinery which, when fully operational, will supply petrol, diesel, aviation fuel and cooking and other petroleum products to the local and international markets and provides employment opportunities for Nigerians.”