NNPC has confirmed that PH refinery will resume crude oil production by the end of June and will contribute about five million litres of petrol to Nigeria’s fuel supply. According to the GMD, work at the Port Harcourt refinery is almost complete and will soon start producing at 80 per cent of its installed capacity, contributing about five million litres of PMS per day.
He states: “We took a conscious decision that if the refineries are not in a good state to process crude for maximum gains, then there was no point in sending crude to the refineries. What we do is to try and fix it, so that by the time it starts processing the crude, then we get real value for the crude we have sent to the refineries. We are satisfied with the level of work carried out so far on the Port Harcourt refinery so that if we start processing crude now, we will get real value, and they will not be any value distortion that would have been the case if the refineries are not operating optimally” (nationalmirroronline.com).
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