Nigeria’s long-awaited move towards energy independence has taken a decisive turn as the Nigerian National Petroleum Company Limited (NNPCL) begins lifting petroleum products from the Port Harcourt Refinery.
The refinery, which underwent extensive rehabilitation, officially resumed operations today, November 26, 2024. This milestone offers hope for improved fuel availability and reduced reliance on costly imports, signaling potential economic relief for millions of Nigerians.
NNPCL confirmed the breakthrough via its social media platform, stating, “NNPC Ltd delivers Port Harcourt Refinery, as the plant begins truckout of products today at 1:43 pm.” The refinery’s reactivation is a key step in NNPCL’s strategy to revamp the nation’s refining sector.
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Speaking on the achievement, Olufemi Sonoye, Chief Corporate Communications Officer for NNPCL, said, “Today marks a monumental achievement for Nigeria as the Port Harcourt Refinery officially commences crude oil processing. This groundbreaking milestone signifies a new era of energy independence and economic growth for our nation.”
Mele Kyari, Group CEO of NNPCL, emphasized the broader implications of the refinery’s operation. “We are aware of our nation’s challenges in fuel supply, and we are not here to give excuses. With this project, along with our two other refinery rehabilitations, we aim to make Nigeria a net exporter of petroleum products by 2024.”
The refinery, one of Nigeria’s largest, has the capacity to process 210,000 barrels per day and is expected to ease fuel shortages while saving billions in foreign exchange spent on fuel imports. With product lifting now underway, Nigerians anticipate relief at the pumps and a stronger economy ahead.
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