Tag: PHRC

  • ‘Criticism of PHRC misguided’

    ‘Criticism of PHRC misguided’

    Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC Ltd) described the criticism surrounding the revamp of the Port Harcourt Refinery as misguided.

    They commended the efforts of the current management team, led by Mr. Mele Kyari.

    After inspecting the refinery during their Former NNPC GCEOs Forum in Port Harcourt, the ex-GMDs described the achievement as “magic.”

    Speaking on behalf of the group, Dr. Jackson Gaius-Obaseki, who served as GMD from 1999 to 2003, explained that many critics fail to understand the magnitude of work involved. He clarified that this was not a routine Turnaround Maintenance (TAM) but a full rehabilitation that modernized a plant originally built in 1965 into a state-of-the-art facility by 2024.

    Read Also: NNPCL, African Refinery sign pact for colocation of 100,000bpd refinery in PHRC

    “Some of those who criticize do not understand the extent of the work carried out. They mistake it for the usual Turnaround Maintenance. This is a complete rehabilitation—transforming a plant built in 1965 into a modern one in 2024. We appreciate the effort,” said Obaseki.

    On petroleum pricing, he emphasized that petrol pump prices are influenced by crude oil prices and called for public understanding.

    He hailed the achievement as a testament to courage and dedication, urging the GCEO, Mr. Mele Kyari, to remain focused on delivering value to Nigerians.

    Other former GMDs present at the meeting included Chamberlain Oyibo, Funsho Kupolokun, and Andrew Yakubu, who collectively lauded the success of the project.

  • NNPC, African Refinery agree colocation of 100,000bpd refinery in PHRC

    NNPC, African Refinery agree colocation of 100,000bpd refinery in PHRC

    The Port Harcourt Refining Company (PHRC) a subsidiary of the Nigerian National Petroleum Company Limited (NNPCL) yesterday signed a share subscription agreement with African Refinery for the colocation of a 100,000bpd capacity refinery with the complex of PHRC.

    NNPCL made the disclosure in its social media handles, noting that the pact will culminate in the supply of Premium Motor Spirit (PMS) petrol, Automotive Gas Oil (AGO) diesel. Aviation Turbine Kerosene (ATK) and Liquefied Petroleum Gas (LPG) known as cooking gas.

    Read Also: NNPCL, African Refinery sign pact for colocation of 100,000bpd refinery in PHRC

    The company added that the agreement will lead to the supply of other petroleum products to the domestic and international markets.

    According to NNPCL, it will also generate employment opportunities for Nigerians.

    “NNPC Ltd.’s move to boost local refining capacity witnessed a boost today with the signing of share subscription agreement between the Port Harcourt Refining Company (PHRC) and African Refinery for the co-location of a 100,000bpd capacity refinery within the PHRC complex.

    “ The signing of the agreement is a significant step towards setting in motion the process of building a new refinery which, when fully operational, will supply PMS, AGO, ATK, LPG, and other petroleum products to the local and international markets and provide employment opportunities for Nigerians, said NNPCL.