Liam Johnson
Sat, Aug 26, 2023 2:05 PM

Federal Government to Restore Port Harcourt Refinery by December

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Federal Government to Restore Port Harcourt Refinery by December
The Minister of State for Petroleum, Senator Heineken Lokpobiri, has reaffirmed the federal government's commitment to reviving the Port Harcourt Refining Company (PHRC) Ltd. In an inspection tour of the rehabilitation progress, Lokpobiri expressed satisfaction with the ongoing work and predicted that the refinery would be back on stream by December. This action is part of the government's plan to end petroleum product importation and ensure a better supply of petroleum products in Nigeria.

The Nigerian government, under the leadership of the Minister of State for Petroleum, Senator Heineken Lokpobiri, is making significant strides towards restoring the Port Harcourt Refining Company (PHRC) Ltd. The Minister recently visited the refinery to inspect the progress of the rehabilitation works and expressed optimism that it would be back on stream by December.

The rehabilitation of the PHRC is a crucial step in the government's commitment to ending petroleum product importation in the country. The Minister emphasized the need to redouble efforts in order to restore Nigeria's local refining capacity. This move would not only reduce the reliance on imported petroleum products but also strengthen the nation's energy security.

Lokpobiri commended the ongoing work at the Port Harcourt refinery and expressed satisfaction with the progress made so far. He believes that once all the refineries are fully operational, Nigerians will have access to a better supply of petroleum products. The restoration of the Port Harcourt refinery is just the first phase of this plan.

The Minister also revealed the anticipated timelines for the refurbishment of the other refineries. He stated that the Warri refinery is expected to come on stream by the end of the first quarter of next year, while the Kaduna refinery is projected to join the lineup towards the end of next year.

In addition to the existing refineries, the government is also looking forward to the contribution of the Dangote Refinery in the near future. With the combined efforts of these refineries, the aim is to put an end to fuel importation, ensuring that Nigerians fully benefit from the deregulation of the petroleum sector.

The restoration of the Port Harcourt refinery, along with the other refineries, will mark a significant milestone in Nigeria's quest for self-sufficiency in petroleum production. It will not only save the nation foreign exchange expended on fuel imports but also create employment opportunities for the country's skilled workforce.

The government's commitment to the restoration of the Port Harcourt refinery and the overall improvement of the nation's refining capacity is commendable. It demonstrates a proactive approach to national development and a determination to address the energy challenges facing the country.

As Nigerians eagerly await the completion of the rehabilitation works and the restoration of the Port Harcourt refinery, there is renewed hope for a brighter future in the energy sector. With sustained efforts and effective management, the vision of ending fuel importation is well within reach.

It is imperative that the government continues to prioritize the revitalization of the nation's refineries and ensures their smooth operation. This will not only boost the economy but also provide a stable energy supply for industries, businesses, and homes across the country.

Source of content: OOO News 2023-08-26 News

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