News
Port Harcourt Refinery To Begin Production In 2023
Italian company, TecnimontSpa, charged with the rehabilitation of Port Harcourt refinery has recorded 1 million man-hour without a Lost Time Injury (LTI).
Sources said the refinery will begin production in the first quarter of 2023 with 60,000 barrel per day and subsequently 210,000 bpd in the last quarter of 2024 to complete the renovation.
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The Federal Government under President Buhari had paid and processed $332 million to Tecnimont for timely completion, with $194 million disbursed already while $98 million and N17.2 billion processed.
Analysts say the refinery will be almost as good as a greenfield plant with all the new fittings.
Rehabilitation of the 210,000 bpd began 2021 to end 2024.
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