NNPCL To Hand Over Port Harcourt Refinery To Private Operators

The Nigerian National Petroleum Company Limited has finalized plans to transfer the Port Harcourt oil Refinery to private operators.

Seeking reputable operations and maintenance firms, the NNPCL aims to enhance reliability and sustainability in meeting the nation’s fuel supply and energy security needs.

The contract scope encompasses refinery business processes, including production planning, operations execution, monitoring, reporting, optimization, maintenance, health and safety, environmental management, and minor projects.

NNPCL requested that interested companies must demonstrate “a minimum average annual Turnover of at least $2 billion USD for the financial years ending: 2019, 2020, 2021 and 2022 respectively.”

The NNPCL had commenced the supply of crude oil to the Port Harcourt refinery to test-run it.

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

It said the first phase of the plant had been completed, as the facility would start refining 60,000 barrels of crude oil daily after the Christmas break.

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

In March 2021, the Nigerian government approved a GBP 1.08 billion ($1.5 billion) budget for the renovation and modernisation of the refinery complex

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