The jinx has been broken, President Bola Tinubu congratulates the Nigeria National Petroleum Company Limited (NNPCL) for restarting the old Port Harcourt refinery, 28 years after the nation’s refineries topped production.
As of today, November 26, 2024, the loading of refined petroleum products from the facility shall commence.
This achievement follows the efforts of former President Muhammadu Buhari, who initiated the refinery’s overhaul, and was supported by the African Export-Import Bank’s financing.
The President also commended NNPCL’s Group Chief Executive Officer, Mele Kyari, for his leadership in overcoming obstacles during the process.
He called on NNPCL to quickly focus on reviving the Warri and Kaduna refineries, alongside the second Port Harcourt plant, to boost domestic production and strengthen Nigeria’s position as an energy hub.
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This move, along with private sector involvement, is expected to enhance the country’s refining capacity.
President Tinubu reaffirmed his commitment to restoring Nigeria’s refineries, aiming to address the longstanding issue of the country’s reliance on imported refined products despite being a major oil producer.
He also emphasized the importance of integrity, accountability, and focus in the execution of national projects, aligning with his administration’s Renewed Hope Agenda for economic prosperity and energy security.
The old Port Harcourt refinery, situated in Nigeria’s oil-rich Niger Delta region, has been in operation since 1965, but later became moribund for several years.
