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NNPC seeks private operators for Port Harcourt refinery

Tuesday, 16 January 2024, 3:38 pm
in Business, Companies
0
NNPC seeks private operators for Port Harcourt refinery
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The Nigerian National Petroleum Company Limited, NNPCL, has called for Expression of Interest, EOI, from qualified oil and gas firms to operate and maintain the Port Harcourt refinery.

According to the NNPCL, it is looking to hire respectable and legitimate companies for operations and maintenance in order to run and look after the Port Harcourt refinery.

It said the purpose is “to ensure reliability and sustainability towards meeting the nations fuel supply and energy security obligations.”

The NNPCL stated in a Monday website post that the contracts scope will encompass various refinery business processes, including long- and short-term planning for production and operations, production and operations execution, monitoring, reporting, and optimisation of operations, maintenance execution, environmental management, health and safety, minor projects, and others.

A minimum average annual turnover of at least $2 billion for the fiscal years ending in 2019, 2020, 2021, and 2022, respectively, is what NNPCL requested interested companies to demonstrate. For the purpose of testing it, the NNPCL had started supplying crude oil to the refinery in Port Harcourt.

The Federal Government announced the mechanical completion of rehabilitation work at the Port Harcourt Refining Companys Area-5 Plant in Rivers State on December 21, 2023.

It stated that the first phase of the plant had been completed and that the facility would begin refining 60,000 barrels of crude oil daily following the Christmas holiday.

The Port Harcourt Refinery has been in operation since 1965 in Nigerias oil-rich Niger Delta region. The Alesa Eleme refinery complex is located about 25 kilometres east of Port Harcourt in Rivers State, Nigeria.

The Nigerian government approved a £1.08 billion ($1.5 billion) budget for the refinery complexs renovation and modernisation in March 2021.

Ugochi C.

Ugochi Olivia Ubah is an Educator and a Writer

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