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NNPC Signs Deal for 100,000bpd-capacity facility Construction in Port Harcourt Refinery

By Adaobi Rhema Oguejiofor

The Nigerian National Petroleum Company (NNPC) Limited has disclosed that it signed an agreement with the African Refinery for a share subscription at the Port Harcourt Refinery.

This information was contained in a press statement on NNPC’s official X handle, where the details of the agreement signing were listed.  

According to the statement, the agreement will see the co-location of a 100,000 barrels per day (bpd) refinery within the Port-Harcourt Refinery complex.

NNPC noted that the new refinery, when fully operational, will produce Premium Motor Spirit (PMS), Automative Gas Oil (AGO), Aviation Turbine Kerosene (ATK), and Liquified Petroleum Gas (LPG) for both the local and international markets.

The Company also added that its move to boost local refining capacity witnessed an increase with the signing of the share subscription agreement between the African Refinery Port Harcourt Limited and itself for the co-location of a 100,000bpd capacity refinery within the PHRC complex.

“The signing of the agreement is a significant step towards setting in motion the process of building a new refinery which, when fully operational, will supply PMS, AGO, ATK, LPG, and other petroleum products to the local and international markets and provide employment opportunities for Nigerians,” the statement read. 

The African Refinery Port Harcourt Limited is a special purpose vehicle (SPV) that is incorporated as the legal entity and the bid winner for the Port Harcourt collocation project.