Oil Prices Surge as US Sanctions Tighten Grip on Russian Exports
Port Harcourt Refinery Resumes Crude Oil Refining
The Port Harcourt refinery, is set to resume crude oil production after several missed deadlines and a long period of rehabilitation exercise.
The rehabilitation exercise worth $1.5 billion was approved by the Nigerian government in 2021 for the refinery with a combined 210,000 barrels per day capacity.
Announcing the preparedness of the refinery for production on Tuesday, Ortega Ogra via his X handle said, “Port Harcourt Refinery begins operations after overhaul. Historic.”
Sunday Dare also said, “Port Harcourt Refinery Set to Roar back to life any moment. President Tinubu’s Oil Sector Reforms on Course. A boost to local PMS refining.”
More details shortly….
