P'Harcourt refinery completes test run this month -NNPCL

The Nigerian National Petroleum Corporation Limited has announced that the test runs of the 60,000 barrels per day Port Harcourt refinery will be completed this month

Soneye further said the test run was an important step towards restarting five years after the factory closed.

Repair work at the facility's Area-5 Plant reached mechanical completion, as the state oil company stated in December.

The plant will begin processing 60,000 barrels of crude oil per day after the Christmas holidays, marking the completion of the first phase of the project. “The tests will be completed soon to ensure efficient operation of the refinery. That phase will be completed this month,” Reuters quoted NNPC spokesperson Femi Soneye.

Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil), had said the first phase of the PHRC was completed on December 20, 2023 and the production of refined goods will commence after the festive season.

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When operational, the plant is expected to ease pressure on the country's foreign exchange reserves, in combination with the Dangote refinery, which is expected to start oil refining this year.

Experts and downstream operators said that even if the price of refined products were to fall once these facilities start pumping, there would be no significant drop in prices, according to The PUNCH.

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