Amid allegations of sabotage in the petroleum industry, the Senate is querying the over $1.5 billion approved in 2021 for the turn-around maintenance of the Port Harcourt Refinery with little or no result. The ad-hoc committee investigating the sabotage, led by Senate Leader Opeyemi Bamidele, held a session yesterday with stakeholders. The session was attended by Minister of Finance and Coordinating …

NNPC Limited (NNPCL) said on Monday that it is seeking private companies that would operate and maintain its Port Harcourt refinery in Rivers State. On 21st December, the Minister of State for Petroleum (Oil), Senator Heineken Lokpobiri announced the “mechanical completion” and the “flare start-off” of the refinery. He said the first phase of the plant had been completed, as the facility …

The coming on stream of Port Harcourt and Dangote refineries may only lead to marginal reduction in the cost of petroleum products and not a significant price crash, some oil and gas experts have said. According to the experts, who spoke to newsmen on Sunday in Abuja, ancillary costs such as freight and port charges, among others would have been …

The Nigeria Labour Congress (NLC) has warned against a possible takeover of the Port Harcourt Refinery by cabals of government. The union also demanded an audit of the refinery and called on the Federal Government to purge the refinery of “elements” that led to its collapse in the first instance. NLC Head of Information, Benson Upah, made this known in …

The federal government has announced that the Port Harcourt Refining Company (PHRC) is currently 77.4 per cent completed even as it has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the refinery. The Nigerian National Petroleum Company (NNPC) Limited, which made this known, said rehabilitation work has been ongoing at the Refinery …

The Minister of State for Petroleum Resources, Chief Timipre Sylva, and his colleagues on the Board of the Nigerian National Petroleum Company Limited (NNPC Ltd.) have expressed satisfaction with the progress of work at the Port Harcourt Refinery, Rivers State, which is process 60,000 barrels per stream day (bpsd) into the market beginnning from the third quarter of next year …