NNPC Ltd has signed an agreement with African Refinery Port Harcourt (ARPHL) for the subscription of 15 per cent equity in Nigeria's second largest private refinery after Dangote Refinery.
Nigerian National Petroleum Company Limited has signed an agreement with African Refinery Port Harcourt for the subscription of 15 per cent equity in Nigeria's second largest private refinery after Dangote Refinery . The agreement was executed by Mr. Omotayo Adebajo on behalf of African Refinery Port Harcourt Limited and Mr.
“The proposed 100kbpd will be co-located with the two existing refineries in the PHRC complex, and it will increase our refining capacity in Port Harcourt from 210kbpd to 310kbpd. The project will be developed in phases and upon completion, the refinery is anticipated to produce over 30 million litres of various petroleum products daily, including petrol, diesel, jet fuel, LPG, and LPFO. The project is estimated to cost over US$2 billion.
The Nigerian National Petroleum Company Limited said it has resolved the cause of tightness that was experienced in the supply of fuel. NNPC disclosed this on Friday evening in a statement signed by spokesman, Olufemi Soneye in Abuja. "The Nigerian National Petroleum Company Limited wishes to clarify that the tightness in…
African Refinery Port Harcourt (ARPHL) Dangote Refinery Nigerian National Petroleum Company Limited (NNPC Omotayo Adebajo Share Subscription Agreement Tola Ayo-Adeyemi
Nigeria Latest News, Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NNPCL, African Refinery sign pact for colocation of 100,000bpd refinery in PHRCThe Nation Newspaper NNPCL, African Refinery sign pact for colocation of 100,000bpd refinery in PHRC
Read more »
Queues: NNPC Ltd. says cause of tightness in fuel supply resolvedPetrol shortages facing Abuja and neighbouring states intensified yesterday as more stations ran out of the product leaving commuters and motorists struggling to go about their daily business.
Read more »
NNPC Ltd, First E&P Achieve 20,000bpd Production At OML 85The Latest News from Nigeria and Around the World
Read more »
JUST IN: NNPC signs agreement for 100,000bpd refinery within Port-Harcourt complexA Trusted Nigerian Newspaper
Read more »
Nigerian telecom union threatens indefinite strike over unresolved issues with Huawei sub-contractorsThe Private Telecommunications and Communications Senior Staff Association of Nigeria (PTECSSAN) has threatened to begin an indefinite strike on April 4. The union announced this in a statement signed by its General Secretary, Mr Okonu Abdullahi, on Tuesday. Abdullahi said that the union resolved to go on strike because of the alleged unresolved issues between the union and sub-contractors linked with Huawei Technologies Nigeria Ltd. The sub-contractors to Huawei include Reime Group, All Streamenergy Solutions Ltd., Uppercrest Ltd., Tyllium Nigeria Ltd. and Specific Tools and Techniques Ltd.
Read more »
AMCON moves against Rejesh Valecha, Milan Nigerian Ltd over N42 Billion DebtA Trusted Nigerian Newspaper
Read more »