Fresh details emerge as the Port Harcourt Refinery ceases operations weeks after reopening. Allegations of unrefined stock, halted petrol lifting, and equipment failure raise questions about the $1.5 billion rehabilitation project. Port Harcourt Refinery Suspends Operations, Casting Doubt on $1.5 Billion Rehabilitation The Port Harcourt Refinery, which recently reopened after a highly publicized $1.5 billion […]
The Nigerian National Petroleum Company Limited (NNPCL) has announced a reduction in the price of Premium Motor Spirit (PMS), popularly known as petrol, at its retail stations in Abuja. According to reports from DAILY POST, the pump price of petrol has dropped from ₦1,060 to ₦1,040 per litre at NNPCL outlets, reflecting a ₦20 decrease. […]
Kindly Share:
Organised Labour has firmly opposed the outright sale of public refineries like the Port Harcourt Refinery to the private sector. After a recent inspection, Labour leaders emphasized their preference for a privatization model that ensures the private sector holds a controlling stake while government, workers, and host communities maintain minority shares. Labour’s Stance on Refinery […]
Kindly Share:
Optimism Among IPMAN MembersThe Independent Petroleum Marketers Association of Nigeria (IPMAN) has expressed confidence that its members will begin loading petroleum products from the Port Harcourt refinery this week. The refinery, which is owned by the Nigerian National Petroleum Corporation (NNPC) Limited, has resumed operations, processing 60,000 barrels per day at 70% capacity. Current Refinery […]
