Zarma Mustapha, Deputy President of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has confirmed that the Port Harcourt Refinery will achieve its schedule and be fully operational in August.
During an appearance on Channels Television’s *Sunrise Daily*, Mustapha expressed optimism that the long-awaited completion of the refinery will greatly increase Nigeria’s petrol supplies.
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He stated, “I am confident and optimistic that this August deadline is going to be realistic. The refinery will come on stream, fully producing all the necessary components that a refinery is supposed to produce. With a capacity of 60,000 barrels, it can provide approximately 10 to 12 million litres of petrol daily.”
When asked about the refinery’s potential influence on fuel prices, Mustapha stated that it may result in a reduction, depending on the cost of crude oil and the refinery’s pricing policy.
“Of course, it depends on how much they are willing to sell and how much they get the crude because they are buying the crude at an international price too,” he explained.
