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Tag: PH refinery

  • PH refinery has not commenced bulk sales  – NNPC 

    PH refinery has not commenced bulk sales  – NNPC 

    The Port Harcourt Refining Company (PHRC) has not yet commenced bulk sales or opened its purchase portal, as essential processes are still being finalised.

    The Nigerian National Petroleum Company Limited (NNPC Ltd.) says an official announcements will be made if and when price reviews on the products occur.

    Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. in a statement on Friday, said currently its products being sold were originated from the Dangote Refinery.

    The 60,000 barrels per day (bpd) capacity refinery began truck-out of petroleum products on Tuesday in Port Harcourt following its rehabilitation.

    Read Also: No new PMS price has been released by PH refinery – PETROAN 

    Some petroleum marketers and Nigerians have raised operational concern about the refinery as regards to pricing.

    The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) also confirmed that the Refinery had not released any new price for products purchase.

    The association said that it bought PMS with the old pricing template while  awaiting the new prices.

    “Currently, the products we are selling originate from the Dangote Refinery and include applicable Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees,” he said.

    “Products from PHRC are exclusively for our retail stores at this stage. Our pricing is reviewed and adjusted periodically as necessary to reflect operational realities.

    “We advise the public to disregard any misleading information regarding pricing. Official announcements will be made if and when price reviews occur.”

    (NAN)

  • No new PMS price has been released by PH refinery – PETROAN 

    No new PMS price has been released by PH refinery – PETROAN 

    The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) says the Port Harcourt Refinery Company Limited has not released any new purchase price for Premium Motor Spirit (PMS).

    Dr Billy  Gillis-Harry, National President, PETROAN made this known in a statement on Wednesday.

    The News Agency of Nigeria (NAN) reports that the refinery, operated by the Nigerian National Petroleum Company Ltd. (NNPC Ltd.)  on Tuesday began the first truck-out of petroleum products in view of the re-streaming of the rehabilitated facility.

    The re-streaming and truck loading signaled the commencement of crude oil processing from the plant and delivery of petroleum products to the market.

    The rehabilitated refinery is currently operating at 70 per cent of its installed 60,000 barrels per day (bpd) capacity, with plans to ramp up to 90 per cent.

    In view of this, Gillis-Harry said members of PETROAN only bought PMS with the old pricing template while awaiting the new prices.

    Read Also: ‘PH Refinery petrol only for NNPCL outlets’

    “We are excited that the production and loading of refined petroleum products have commenced at the refinery and we are expecting that soon, the price of PMS will be stated by NNPC to the benefit of Nigerians,” he said.

    Reacting to this, Mr Olufemi Soneye, Chief Corporate Communications Officer, NNPC Ltd. said the company had not commenced bulk sales.

    “We have not yet commenced bulk sales and we have not yet opened the purchase portal as we are still finalising the necessary processes.

    “At present, the products we are selling at our retail outlets are what we bought from the Dangote Refinery, which includes the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees.

    “The product from Port Harcourt Refinery is currently for our retail stores.

    “Our prices are regularly reviewed and adjusted as required,” the NNPC Ltd. Spokesperson said.

    (NAN) 

  • ‘PH Refinery petrol only for NNPCL outlets’

    ‘PH Refinery petrol only for NNPCL outlets’

    Petroleum products from the Port Harcourt Refinery Company (PHRC) are exclusively for the Nigerian National Petroleum Company Limited (NNPCL) for now, the oil giant said yesterday.

    The products – petrol, diesel and kerosene – are for retail outlets operated by the NNPCL, Chief Corporate Communications Officer, Olufemi Soneye, said.

    Production of products resumed at the PHRC in Eleme, Port Harcourt, River State on Tuesday with an assurance to roll out at least 200 trucks daily.

    But Soneye said the refinery was yet to begin bulk sales of its products and that it was yet to open its purchase portal.

    The clarification came on a day the Petroleum Products Retail Outlet Owners Association of Nigeria  (PETROAN) said its members were awaiting the new petrol price template from the refurbished PHRC.

    According to Soneye, the NNPCL has not fully dispensed the product it procured from the Dangote Refinery and Petrochemicals.

    The statement reads: “We have not yet commenced bulk sales, and we have not yet opened the purchase portal as we are still finalising the necessary processes.

    Read Also: Tinubu hails NNPCL on Port Harcourt Refinery revival, calls for accelerated energy reforms 

    “At present, the products we are selling are what we bought from the Dangote Refinery, which includes Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees.

    “The product from Port Harcourt is currently for our retail stores. Our prices are regularly reviewed and adjusted as required.”

    Yesterday, PETROAN, through its National President, Dr. Billy Harry, said the NNPCL was yet to fix new rate.

    The association said: “The National Headquarters of Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) Abuja would like to inform the media and the general public that no new price for PMS has been released by the NNPCL Port Harcourt Refinery.

    “Members of PETROAN only bought PMS with the old pricing template awaiting new prices. We are excited that the production and loading of refined petroleum products have commenced at the Port Harcourt Refinery and we are expectant that soon the price of PMS will be stated by NNPC to the benefit of Nigerians.”

  • Tinubu, Kyari get kudos for PH refinery

    Tinubu, Kyari get kudos for PH refinery

    The Chairman of the House of Representatives Committee on Petroleum Resources (Midstream), Hon. Prince Henry Odianosen Okojie, has lauded President Bola Ahmed Tinubu, GCFR and the Group Chief Executive Officer of the Nigeria National Petroleum Company Limited, Mele Kyari, on the commencement of operations of the Port Harcourt refinery.

    The lawmaker said the benefit of this development cannot be overstated as it would go a long way to address the problem of fuel scarcity and make life better for Nigerians.

    Hon. Okojie said, “We are thrilled to express our appreciation to President Bola Ahmed Tinubu and the Group Chief Executive Officer of the NNPCL, Mele Kyari, for their tireless efforts in ensuring the Port Harcourt Refinery commences production.

    “We are grateful to them for making this project a reality. This monumental achievement marks a significant milestone in Nigeria’s journey towards energy independence and economic growth. Their contributions to Nigeria’s energy sector will have a lasting impact on the country’s economic development.

    Read Also: PH Refinery: Tinubu’s Renewed Hope Agenda is working – Arewa Think Tank

    “We commend President Tinubu’s leadership and vision, as well as Mele Kyari’s dedication and expertise, in driving this transformative project forward. Their commitment to strengthening Nigeria’s refining capabilities is truly commendable. This is a testament to the hard work and collaboration of all stakeholders involved.”

    The member, who represents Esan North East/Esan South East Federal Constituency of Edo State, pledged to work hard to ensure the growth of the petroleum industry in Nigeria.

    He said as legislators, they were committed to addressing challenges facing the sector for the good of the nation and the wellbeing of citizens.

    Okojie backed President Tinubu’s policies aimed at developing the nation’s oil and gas sector as he expressed confidence in President Tinubu’s plan in leading the country to economic prosperity and infrastructural advancement.

    He assured that the Committee will continue to provide the needed legislative support geared towards advancing the oil and gas sector.