Nigeria’s domestic refining capacity has increased by 67.7% to 860,000 barrels per day (bpd) with the resumption of production at the Port Harcourt Refinery. The refinery, which had been dormant for six years, commenced operations on Tuesday, November 26, 2024.
The successful re-streaming of the refinery is a significant milestone for Nigeria, marking a major step towards achieving energy independence and economic growth. The refinery’s production capacity is expected to increase to 210,000 bpd, making it one of the largest refineries in the country.
The Nigerian National Petroleum Company Limited (NNPCL) has announced that the refinery will produce petroleum motor spirit (PMS), automotive gas oil (AGO), and household kerosene (HHK). The company has also assured that the products will be distributed to all parts of the country.
The resumption of production at the Port Harcourt Refinery is expected to have a positive impact on the economy, creating jobs and stimulating economic growth. The refinery’s production capacity is also expected to reduce the country’s reliance on imported petroleum products.
The Nigerian government has been working to increase the country’s refining capacity, with plans to rehabilitate other refineries in the country. The government has also been encouraging private investors to establish new refineries in the country.
The successful re-streaming of the Port Harcourt Refinery is a significant achievement for Nigeria, marking a major step towards achieving energy independence and economic growth. The refinery’s production capacity is expected to have a positive impact on the economy, creating jobs and stimulating economic growth.
Source: Vanguard
