Oil & Energy
PH Refinery Begins 60,000bpd Refining In 2023
Managing Director of the Port Harcourt Refining Company Limited, Ahmed Dikko, has assured that the rehabilitation of the Old Port Harcourt Refinery with a refining capacity of 60, 000 barrels per day would be completed and put to use by the first quarter of 2023.
He gave the assurance when the House of Representatives Ad-Hoc Committee on the state of the country’s refineries visited the facility in Rivers State for an on-the-spot assessment of the $1.5 billion dollar rehabilitation project of the facility.
Dikko said the Old Port Harcourt refinery, referred to as Area Five, would be the first of three phases of the project.
He said by the time the entire project is completed by the end of 2024, the facility would have a refining capacity of 210 bpd.
Dikko expressed confidence that they would stick to the timelines and within the cost approved for the project.
He said despite costing more, some of the equipment required for the rehabilitation had to be air freighted to ensure that they stick as much as possible to the schedule that they have.
“We plan to finish Area 5 by the first quarter of next year, so we can begin to run it. It is the old refinery. It is a 60, 000 barrels per day capacity plant and it is a priority for us at this point. The other parts of the refinery would come a few months after that.
“We are on track and managing the process very well and would continue to do the best we can at all times to ensure that we meet these expectations we put on ourselves so we all would be proud of all these activities and begin to have some refining capacity in Port Harcourt,” he said.
He expressed gratitude to the House of Representatives for their support.
Chairman of the Committee, Hon Ganiyu Johnson, who was conducted round the facility along with his members by the MD expressed satisfaction with the level of work.
He said: “So far on behalf of my committee members, we are satisfied with the level of work, because we did not expect this level of performance when we left Abuja. But after going round we are satisfied with the level of performance.
“Nigerians should bear with the company. We know that the solution to oil subsidy is the refineries. The oil subsidy would be a thing of the past. We should be able to reduce it to the barest minimum.
“We owe Nigerians the duty to ensure this place is working. Because if these refineries are not working, we would continue to suffer and God forbid we hope it would not get to a stage an average man cannot buy fuel and that is why we really want to encourage you and support you and make sure you complete this refinery. Even if it is just Port Harcourt for now, it means we would be able to deliver 210, 000 bpd.”
Oil & Energy
‘Revamping Moribund Refineries ‘ll Address Rising Cost Of Petroleum Products’
Oil & Energy
The Race To Cut Methane Emissions Is Exposing A Global Divide
By Felicity Bradstock for Oilprice.com 16
Oil & Energy
Delta Targets 120MW Power Boost, Moves To Cut Reliance On National Grid
The State Commissioner for Works (Rural Roads) and Public Information, Charles Aniagwu, disclosed this at a press conference in Asaba, weekend, noting that the initiative was part of wider reforms aimed at opening up the power sector to private investors.
Aniagwu, who was accompanied by the Executive Assistant to the Governor on New Media, Felix Ofou, said the state was exploring alternative sources of electricity to support businesses, households and communities while reducing pressure on the national grid.
He said the government was particularly interested in exploiting Delta’s abundant natural gas resources for power generation, pointing to the Kwale Free Trade Zone, which is part of the state’s special economic zone, as a major opportunity for investors.
According to him, prospective investors were taken to the zone during the state’s recent economic summit to enable them to assess the availability of gas as a key raw material for electricity generation. ComparePower Rates
The commissioner explained that generating more electricity locally would not only increase supply in Delta but also free up power on the national grid for use by other consumers.
Aniagwu cited the 8.5MW Independent Power Plant located behind the state secretariat in Asaba as an example of what could be achieved through alternative power sources.
He said the facility had enabled the secretariat complex to operate independently of the national grid, thereby making the electricity that would otherwise have been consumed there available to other users.
He added that the planned 120MW partnership with Supply Power would further strengthen the state’s electricity supply capacity and provide a more reliable power base for small and medium-sized enterprises.
Aniagwu said the state government was also intervening in areas traditionally regarded as the responsibility of electricity distribution companies because inadequate power supply could no longer be allowed to constrain economic development. LearnQuantum Physics
He identified the extension of the electricity grid from Abraka towards the Ndokwa axis as one of the interventions being undertaken to connect more communities to electricity.
The commissioner, however, raised concerns over the burden placed on communities that are often required to provide transformers and other electricity infrastructure, only for distribution companies to take over the facilities and subsequently collect electricity bills without adequately accounting for the investments made by the communities.
He said the state would continue to support efforts aimed at energising communities, noting that improved electricity supply would stimulate businesses, create jobs and help tackle social problems associated with unemployment and idleness.
On regulation, Aniagwu said the government was working with the Ministry of Energy and a committee set up to develop an appropriate regulatory framework for the state’s emerging power sector. SwitchEnergy Plans
He said the proposed energy commission would be responsible for regulating new electricity producers, determining appropriate tariffs and overseeing distribution networks.
The commissioner stressed that liberalising the sector required effective regulation to protect consumers and investors, adding that decisions on power distribution infrastructure, including the use of overhead or underground lines, must take into account the peculiarities and safety requirements of each location.
He warned that power expansion without adequate regulation could expose residents to electrocution and other hazards, stressing the need to protect electricity infrastructure while ensuring consumers were not subjected to unfair pricing.
Aniagwu said the state government’s broader objective was to build an efficient and sustainable electricity market driven by private investment and capable of powering businesses, households and communities across Delta State.
-
Sports3 days agoNigerian Trio Target Titles At PFL Africa Finals
-
Education3 days agoFCE Yola Graduates 3,555 Teachers , Seeks Upgrade to University
-
Niger Delta3 days agoDiri Restates Stance On Lagos-Calabar Coastal Highway
-
Niger Delta3 days agoC’River, NUJ Pay Tribute To Late Guardian Editor
-
News3 days agoNDLEA Recovers Tons Of Illicit Drug Consignments In Nine States
-
Opinion3 days agoChecking Voter Apathy In Nigeria’s Electoral Process
-
Politics3 days ago2027: DICKSON’S EX-ALLY VOWS TO WORK AGAINST NDC INTEREST IN BAYELSA
-
Politics3 days ago2027: GROUP PLEDGES 40,000 SUPPORTERS FOR COALITION CANDIDATES IN RIVERS
