https://www.petroleumafrica.com/finance-companies-express-interest-in-port-harcourt-refinery/
NNPC, Nigeria’s state-owned oil company, revealed that a number of
the finance companies it has approached to modernize the country’s
refineries have expressed interest in the modernization of the Port
Harcourt refinery.
“About three finance companies have expressed interest in the Port
Harcourt refinery,” said a NNPC statement signed by NduUghamadu, Group
General Manager, Group Public Affairs Division.
The official assured that according to the schedule set by the
Ministry of Petroleum, the refineries will be fully operational by 2019
and will add their production capacity to that of the Dangote refinery
that is currently under construction. The modernization of its
refineries, along with the addition of the Dangote refinery, will bring
the West African nation one step closer if not to the final step to the
end of costly petroleum product imports.
The combined capacity of the Kaduna, Warri and Port Harcourt
refineries is currently 445,000 bpd. The goal of the Nigerian government
is to increase this production capacity.
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