The Management of the Nigerian National Petroleum Corporation on
Wednesday said the Port Harcourt and Warri refineries have been
successfully re-streamed after a nine-month phased rehabilitation
exercise conducted by its in-house engineers and technicians
.
The corporation in a statement revealed that both plants have
commenced preliminary production of petroleum products after successful
test-runs, noting that while PHRC is ramping up its operation to about
60 percent of its 210, 000 barrels per day name plate capacity, WRPC
production is projected to hit 80 percent of its installed 125, 000 bpd
capacity.
The NNPC said the PHRC is projected to boost the nation’s local
refining capacity with a product yield of 5million litres of petrol per
day, while WRPC would contribute 3.5 million litres of petrol to local
refining capacity.
Providing insight into the rehabilitation exercise, the NNPC noted
that it had to adopt the phased rehabilitation strategy after the
Original Refinery Builders (ORB) who were initially contacted for the
project came up with unfavorable terms.
“Though a decision was taken in 2011 to rehabilitate all the
refineries using the ORB of each of the refineries, we were impelled to
switch strategy after the ORBs declined participation and nominated some
partners in their stead who came up with outrageously unfavorable
terms,” the corporation stated.
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