It was all excitement as the Federal government and the Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its pledge of achieving the mechanical completion of rehabilitation work on Area 5 Plant of the Port Harcourt Refining Company (PHRC)....CONTINUE READING
This however, raises the hope of reducing the country’s dependence on fuel importation with the mechanical completion of the rehabilitation of the 60,000 barrels per day Port Harcourt Refinery Company.
Consequently, the plant would be expected to produce Petroleum products anytime after Christmas, as it has recorded a historic over 9.6million man-hour, without Lost Time Injury
Rehabilitation work has been ongoing at the Refinery for over two years and the NNPC Ltd. had pledged to complete Phase One of the project (mechanical completion and flare start-up) of Old Port Harcourt Refinery (Area 5) by 31st December 2023.
Speaking during an inspection tour of the rehabilitation project, which also coincided with the 15th Refineries’ Rehabilitation Steering Committee Meeting, the Group Chief Executive Officer, NNPC Ltd., Mr. Mele Kyari, said as of December 15th, 2023, 84.4% of Area 5 Plant, a key component of the Refinery, and 77.4% of the entire rehabilitation project have been completed.
“In our quest to ensure that this refinery is re-streamed to continue to deliver value to Nigerians, we made a promise that we will reach a mechanical completion of phase one of the rehabilitation project by the end of December and get the other plants running in 2024. Today, we have kept those commitments,” Kyari stated.
The GCEO commended the NNPC Ltd.’s staff and the EPCIC contractors for doing a great job in ensuring that the refinery achieved that significant milestone.
In his remarks, the Chairman of NNPC Ltd Board, Chief Pius Akinyelure described the milestone as “historic”, stressing that the board was proud of the staff and management of the refinery.
“We are just starting. We want to be at the highest level of production so that we will keep the prices of petroleum prices in the country stable in order to give comfort to our people and generate more revenue for our country,” Akinyelure noted.
Also speaking, the Honourable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, said the milestone is another landmark of the renewed hope agenda of President Bola Ahmed Tinubu, GCFR.
He thanked Nigerians for their patience and the trust they have in NNPC Ltd.’s ability to deliver on this huge project.
In his address, the Minister of State for Petroleum (Gas), Rt. Hon. Ekperikpe Ekpo, said re-streaming the Refinery will herald a good omen for the nation’s Liquefied Petroleum Gas (LPG) industry, as LPG, also known as cooking gas, is a major bye-product of the Refinery.
Also speaking, the Managing Director of Tecnimont Nig. Ltd., Fabio Del Cioppo, one of the EPC Contractors of the Rehabilitation Project, said his company remains committed to fulfilling the terms of the contract.
The PHRC rehabilitation project, which costs about $1.5bn, is an EPCIC project that covers Engineering, Procurement, Construction, Installation, and Commissioning phases. For Area 5, the Engineering, Procurement, Construction, and Installation have all been completed. The mechanical completion signifies the closure of the Construction and Installation phases.
More importantly, the milestone was achieved under an excellent Health, Safety and Environment (HSE) record, which stood at over 9.5 million manhours with zero Loss Time Injury (LTI).
IPMAN decries non-payment of bridging claims to members
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to pay members their bridging claims of about N15 billion.
Mr. Chinedu Anyaso, Chairman of IPMAN, Enugu Depot Community comprising Anambra, Ebonyi and Enugu States, made the call in an interview with journalists in Awka on Thursday.
Anyaso said the non-payment of bridging claims was weighing heavily on members’ businesses as most of them could no longer repay their bank loans while others had closed shop and sent their workers home.
He said the outstanding claims was for the period between 2021 and May 2023.
“Our members can no longer remain in business because of these debts as their banks are on them. We are talking of about N15 billion.
“We may have to shut down operations after Christmas and New Year celebrations to press home our demand.”
Anyaso said the association had written to the federal government through the Nigeria Midstream and Downstream Petroleum Regulatory Authority with respect to the matter.
A copy of the letter, made available to journalists, reads in part, “we write on behalf of our members operating in Enugu, Anambra, Ebonyi States and parts of Kogi, Benue, Imo, Abia and Cross River States to kindly request for payment of our claims.
“Most of our members’ petrol stations are closing up as a result of these outstanding payments.
“As an association, the progress of our members’ businesses is very paramount and we are seriously under pressure to take any action towards recovering these payments,” it said.
Anyaso assured customers in the areas of seamless operation during the yuletide, indicating that there was enough supply of products in the system to take care of demands.
