The federal government alongside the NNPCL recently announced the completion of the rehabilitation work on the Area-5 Plant of the Port Harcourt Refining Company in Rivers State.
The facility is expected to resume production after the Christmas break. The refinery is said to refine 60,000 barrels of crude oil after the plant's first phase has been completed.
A barrel of crude oil is said to produce over 170 liters of refined petroleum products, so that means the 60,000bpd expected from the Area-5 Plant of the Port Harcourt Refining Company in Rivers State would produce roughly 10.2 million liters of Premium Motor Spirit (PMS) popularly known as petrol or fuel alongside other refined products.
The refinery's management, the Nigerian National Petroleum Company Limited (NNPCL), announced that the refinery rehabilitation's second phase would be completed in Q4 2024 and would total the production to 150,000 bpd by the refinery in Rivers State.
This came after the FG declared that the importation of liquefied petroleum gas, popularly called cooking gas, would reduce after the Christmas break as the refinery started pumping out refined products.
The work for the recent completion of the first phase was said to have started two years back, of which the NNPCL said that its completion would be by December 31, 2023.
Talking more about the phase completion of the Rivers refinery, the Minister of State for Petroleum Resources (Oil) and Senator Heineken Lokpobiri dropped some comments on the first rehabilitation phase, which ended on December 20, 2023.
Read more: https://www.investingport.com/nnpcl-completes-rehabilitation-of-port-harcourt-refining-company/