PH refinery rehabilitation may mark out FG, NNPC, says IPMAN boss

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A proverbial maxim, “Dry bone shall rise again’’ seems suitable to the long-moribund and wobbly state of the Port Harcourt Refinery Company (PHRC) Limited in Rivers State. The near–dead refinery has begun to exude a heart–warming hope to the teaming consumers of petroleum products in Nigeria – courtesy of Nigerian National Petroleum Corporation (NNPC) now on rescue mission to bring the facilities back to life.

The company comprises two refineries: the first was built 54 years ago (1965) with a 60,000 barrels capacity per day while the second one with about 150,000 barrels per day was commissioned in 1989, bringing it to a total of 210,000 barrels capacity per day. The glory of the company began to wane years back alongside with the ones sited in Warri (Delta State) and Kaduna in Kaduna State due to some unmitigated technical facilities failure.

Records show that the PHRC in particular had its last Turn Around Maintenance (TAM) 19 years ago leading to its near-zero production capacity level of products – AGO (diesel), premium motor spirit (PMS) referred to as petrol and kerosene to meet the demand of consumers in Rivers State and across the country at large.

Consequently, it has been an endless tale of woes for Nigerians who without choice have to depend on imported products, especially PMS, to hedge on subsidy masquerade. Most baffling is that, successive NNPC managements via the Federal Government had carried out TAM on the plants before the current management but all the past efforts ended up like packaging salt in a basket on water surface.

However, the present Group Managing Director (GMD) of NNPC, Maikanti  Baru, and his management team have succeeded in having the listening ears of the presidency for this 2019 TAM, assuring that the holistic surgery of … Read More...