The Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced that the Port Harcourt Refinery will begin operation in July 2024.
The marketers confirmed that the rehabilitation of the 210,000 barrels per day facility has been mainly completed.
Ukadike Chinedu, the National Public Relations Officer of IPMAN disclosed the progress made on the PH refinery.
According to Chinedu, when the refinery begins to operate, the price of petroleum products will be reduced, and adequate supply will be ensured.
Punch reports that IPMAN PRO noted that deliberate efforts have been made to to meet the July deadline.
He said:
Also, Femi Soneye, a spokesman for the Nigerian National Petroleum Corporation Limited, confirmed that mechanical work on the refinery has been completed and is only waiting for regulatory approval to begin operating.
He also said that all pipes were operating flawlessly, transporting crude oil supplied by Shell.
His words:
Earlier, TimesNow.com.ng reported that the diesel price from the Dangote Refinery has now been reviewed from N1,200 to a new record of N1,000 per litre.
Before the refinery began production, the product was sold at a high cost due to foreign exchange issues and market situations.
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Source: TimesNow.com.ng
