The Minister of State for Petroleum Resources, Chief Timipre Sylva, says the rehabilitation of the Port Harcourt refinery has been completed and will begin production by the first quarter of 2023.
Speaking Monday, at the presentation of President Muhammadu Buhari Administration Scorecard (2015 – 2023), Sylva said the plant would refine 60,000 barrels of crude oil per day. Sylva also said the Refinery, along with the Dangote Refinery will end the importation of petroleum products into Nigeria when they commence full operation.
The minister also revealed that Dangote Refinery has already concluded its sourcing of feedstock (crude oil) with NNPCL. However, the modular refineries were still negotiating their contracts for the stock in the bid to begin refining. He explained that the private refineries that have been completed need to have a feedstock guarantee for them to commence production.