NNPCL plans handover of P’Harcourt Refinery to private managers
Plans are at the verge of conclusion to hand over the rehabilitated Port Harcourt oil Refinery to private managers, a document from the Nigerian National Petroleum Company Limited has indicated.
The NNPCL said it was seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company.
This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.”
In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like “long-term and short-term production/operations planning; production and operations execution; monitoring, reporting, and optimisation of operations; maintenance execution; health and safety; environmental management; minor projects and others.”
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NNPCL requested that interested companies must demonstrate “a minimum average annual turnover of at least $2bn 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.
