A $3 billion refinery fraud has rocked Nigeria’s petroleum sector as authorities have traced N80 billion to the personal accounts of a recently sacked managing director of one of the country’s state-owned refineries. The revelation follows the arrest of the former managing directors and top executives of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining …

The Nigerian National Petroleum Company Limited (NNPCL) has invited former President Olusegun Obasanjo to tour its rehabilitated refineries following his public skepticism about the viability of the $2 billion invested in the facilities. Obasanjo, during a recent television interview, questioned the progress at the Port Harcourt and Warri refineries, citing historical challenges faced during his administration in efforts to revamp …

Less than a month after the Port Harcourt Refining Company appeared to have resumed production, the facility has stopped working. According to Saturday PUNCH, who visited the refinery on Thursday, 19 December 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped. Saturday PUNCH gathered that the lifting of petrol actually stopped last Friday, 13 December, as the …

NNPC Limited (NNPCL) has said that the new Port Harcourt refinery is over 90 per cent completed. The Port Harcourt Refining Company (PHRC), operates two refineries; the old plant with a capacity of 60,000 barrels per stream day (bpsd) and a new facility with 150,000 bpsd, bringing the refinery’s combined crude processing capacity to 210,000 bpsd. Receiving leaders of the …

The Port Harcourt Refining Company has clarified that its operations were not completely halted but scaled down to facilitate improvements at the facility. It disclosed this on Sunday as the Independent Petroleum Marketers Association of Nigeria (IPMAN) insisted that it would not buy from the Port Harcourt refinery if the Nigerian National Petroleum Company Limited (NNPCL) sells fuel from the …

How do you dance to the admiration of all Nigerians? Chief Commander Ebenezer Obey said it all in his song/story on “Ketekete” (horse) and its owner: There is nothing you can do to please the entire universe. No matter your efforts and regardless of the success achieved, some will still deride you and pull you down. They will find fault. …

The fanfare that greeted the resumption of activities at the Port Harcourt Refining Company on Tuesday may have melted away leaving the hope and expectations of many Nigerians hanging. A visit by Saturday PUNCH to the refinery on Friday revealed that there was no activity on site, as some workers met by newsmen claimed that the refinery was undergoing calibration …

The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery. According to a statement by NNPCL’s Chief Corporate Communications Officer, the company said that “This achievement marks a significant step forward after years …

President Bola Tinubu extends his heartfelt congratulations to the Nigeria National Petroleum Company Limited (NNPCL) on the successful revitalization of the Port Harcourt refinery, marked by the official commencement of petroleum product loading on 26 November, 2024. The President acknowledges the pivotal role of former President Muhammadu Buhari in initiating the comprehensive rehabilitation of all our refineries and expresses gratitude …

The presidency on Tuesday said that 200 trucks are set to load petroleum products daily from the Port Harcourt Refinery. Speaking on his X handle, the Special Adviser on Public Communications and Orientation to the President, Sunday Dare, said that the refinery’s Old Wing has resumed operations with a production capacity of 60,000 barrels of crude oil per day. “The …