Monday, September 8, 2025
29.1 C
Lagos

NNPC Delivers PH Refinery on Schedule, Achieves Mechanical Completion

The Nigerian National Petroleum Company (NNPC) Limited has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC).

Rehabilitation work has been on-going at the Refinery for over two years and the NNPC Limited had pledged to complete Phase One of the project (mechanical completion and flare start-up) of Old Port Harcourt Refinery (Area 5) by 31st December 2023.

Speaking during an inspection tour of the rehabilitation project, which also coincided with the 15th Refineries’ Rehabilitation Steering Committee Meeting, the Group Chief Executive Officer, NNPC Limited, Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed.

“In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated.

The GCEO commended the NNPC Ltd.’s staff and the EPCIC contractors for doing a great job in ensuring that the refinery achieved that significant milestone.

In his remarks, the Chairman of NNPC Limited Board, Chief Pius Akinyelure described the milestone as “historic”, stressing that the board was proud of the staff and management of the refinery.

“We are just starting. We want to be at the highest level of production so that we will keep the prices of petroleum prices in the country stable in order to give comfort to our people and generate more revenue for our country,” Akinyelure noted.

Also speaking, the Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said the milestone is another landmark of the renewed hope agenda of President Bola Ahmed Tinubu.

He thanked Nigerians for their patience and the trust they have in NNPC Limited’s ability to deliver on this huge project.

In his address, the Minister of State for Petroleum (Gas), Rt. Hon. Ekperikpe Ekpo, said re-streaming the Refinery will herald a good omen for the nation’s Liquefied Petroleum Gas (LPG) industry, as LPG, also known as cooking gas, is a major bye-product of the Refinery.

Also speaking, the Managing Director of Tecnimont Nigeria Limited, Fabio Del Cioppo, one of the EPC Contractors of the Rehabilitation Project, said his company remains committed to fulfilling the terms of the contract.

The PHRC rehabilitation project, which costs about $1.5bn, is an EPCIC project that covers Engineering, Procurement, Construction, Installation, and Commissioning phases. For Area 5, the Engineering, Procurement, Construction, and Installation have all been completed. The mechanical completion signifies the closure of the Construction and Installation phases.

More importantly, the milestone was achieved under an excellent Health, Safety and Environment (HSE) record, which stood at over 9.5 million manhours with zero Loss Time Injury (LTI).

spot_img
spot_img

Hot this week

Nigeria, Brazil Central Banks Deepen Economic, Financial Co-operation

Nigeria’s Central Bank Governor, Olayemi Cardoso, has held talks...

Ecobank Nigeria to Host Second Edition of Design & Build, Showcasing Premier Innovators in Design, Construction

Ecobank Nigeria, a subsidiary of the leading pan-African banking...

Expert: Fintech, Financial Inclusion Critical for Sustainable Growth of Nigerian Economy

A renowned economist, Dr. Biodun Adedipe, the Chief Consultant/CEO,...

Sterling Bank Marks One Year of Africa’s Groundbreaking Core Banking System

Number one Best Workplace in Banking in Nigeria and...

Topics

Oil Theft: FG May Revoke Licence of Indicted Banks

The Federal Government may revoke the licence of money deposit banks indicted in warehousing proceeds from stolen crude oil in the country. President Muhammadu Buhari had said in Abuja that the government has already identified banks and other financial institutions that took in deposits from proceeds of oil theft.

NCC EVC, Umar Danbatta to Deliver Business Journal 10th Anniversary Lecture

Prof. Umar Danbatta Executive Vice-Chairman Nigerian Communications Commission Professor Umar Garba Danbatta,...

Africa’s Smartphone Market Grows 4.4% in Q3

Africa's smartphone market bounced back from two consecutive declines...

Osoba, Others for Azuh Arinze’s 50th Birthday, Books’ Presentation

The Publisher/Editor-in-Chief of YES INTERNATIONAL! Magazine, Azuh Arinze, will...

Don Seeks Establishment of Home Economics, Nutrition Extension Agents

A leading nutrition expert has called for the establishment...

P+ Measurement Wins Double Laurels at The Industry Award

Micheal Effiong James, Editor, Ovation Magazine, Philip Odiakose Chief Insights Officer P+ Measurement Services...

Danbatta: NIPR Fellowship to Muoka, Ibietan Meritorious

The Executive Vice Chairman of the Nigerian Communications Commission...

Samsung Unveils Galaxy Note9 into the Nigerian Market

Samsung’s newest flagship Smartphone, the Galaxy Note9 is now...
spot_img

Related Articles

Popular Categories

spot_imgspot_img