Rivers
Crude Refining In PH Refinery ’ll Reduce Pump Price –NOGASA
The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) has said resupmtion of crude oil refining in the Port Harcourt Refinery Company will reduce pump price.
The National President of the association, Mr Benneth Korie, told newsmen in Abuja that the refinery would begin crude oil refining before the end of 2022.
He quoted the Minister of State for Petroleum Resources, Chief Timipre Sylva, as assuring that the PHRC refinery would soon begin crude oil refining.
The Tide’s source reports that the Nigerian National Petroleum Company Limited (NNPC Ltd) commenced the rehabilitation of PHRC refinery in May 2021.
The Federal Eexecutive Council (FEC) had approved $1.5 billion dollars for the rehabilitation exercise which was being executed by Tecnimont SPA, an Italian company, in three phases of 18, 24 and 44 months.
The PHRC operates two refineries; the old refinery with a capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd.
This, he said, brings the combined crude processing capacity of the PHRC refineries to 210,000bpsd.
He said with this development, the price of petroleum products would go down, adding that the refinery had been under maintainace and would come up in production once operation began.
“But we have assurances from the Minister of Petroleum Resources that the PHRC refinery will start working this December, definitely between now and end of January 2023.
“After Port Harcourt, other refineries including Warri and Kaduna will come up because work has been seriously going on there.
“Then you will see that prices of petroleum products will go down on its own because there is a difference between importation of products and loading from our refineries,” he said.
He said the refinery, when it become operational, would blend Automative Gas Oil (AGO), Premium Motor Spirit (PMS), DPK, Jet A1 and other products.
The NOGASA President decried delays and cost of distribution of products due to loading from the depot, adding that once the refineries began operation, importation of petroleum would stop and the trucks would loading directly from it.
“Formerly, trucks used to load from refineries but now paid vessels spend between 10 and 14 days to load product from depots as against one day, marketers and transporters are suffering and sacrifice a lot in the bid to distribute products,” he said.
The Rivers State Judiciary has denied a media report claiming that Justice Frank Onyiri of the State High Court issued an injunction order restraining the Sole Administrator, Vice Admiral Ibok-Ete Ibas (rtd), from inaugurating the newly appointed members of the Rivers State Civil Service Commission (RSCSC).
In a statement issued by the Deputy Chief Registrar in charge of litigation at the High Court, Menenen Poromon (Esq), the state Judiciary disassociated itself from the report, describing it as malicious and fabricated.
The statement emphasized that the report was a falsehood and a misrepresentation of what transpeared in the court.
Poromon clarified that no such order was issued by Justice Onyiri or any other judge of the High Court of the state and urged the public to disregard the information, as it lacked any iota of truth.
The statement however advised the public to verify any information concerning the state Judiciary directly from the office of the Chief Registrar, High Court of the State, to avoid spreading of misinformation.