The Nigerian Federal Government has announced that the Port Harcourt Refining Company (PHRC) Ltd will be operational again by December, as part of its efforts to end petroleum product importation and restore the nation’s local refining capacity.
The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, gave the assurance during an inspection tour of the rehabilitation work progress at the PHRC plant in Port Harcourt.
The Minister was accompanied by his counterpart, the Minister of State for Petroleum (Gas), Ekperikpe Ekpo, the Permanent Secretary of the Federal Ministry of Petroleum Resources, Ambassador Gabriel T. Aduda, and the Group CEO of NNPC Ltd., Mele Kyari.
The Minister stated that once all the refineries are back on stream, Nigerians will enjoy a better supply of petroleum products and foreign exchange will be domesticated, leading to an improved economy.
The Group CEO of NNPC Ltd. also expressed his commitment to bringing back the refineries to their optimal levels, stating that it is a national aspiration.