The Nigeria National Petroleum Company Limited (NNPCL) has clarified that the Port Harcourt Refining Company (PHRC) has not yet begun bulk sales or launched its purchase portal, as key processes are still being finalized.
This was disclosed by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, in a statement issued on Friday.
Soneye further explained that the products currently sold by the refinery are sourced from the Dangote Refinery and include the relevant fees set by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
“Products from PHRC are exclusively for our retail stores at this stage. Our pricing is reviewed and adjusted periodically as necessary to reflect operational realities,” the statement read.
The company has urged the public to disregard any misleading information concerning pricing, emphasizing that official announcements will be made only when price reviews take place.
This clarification comes as anticipation grows for the full-scale operations of the PHRC, with the company working to streamline its processes.
Earlier, NNPCL clarified that the newly activated Port Harcourt refinery is currently operating at 90 percent capacity, contrary to the 70 percent figure stated by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN).
PETROAN had earlier claimed that the refinery was functioning at 70 percent of its installed capacity, with plans to increase to 90 percent.
However, the company confirmed that the Port Harcourt refinery has already begun refining crude oil.
“Halt the rumours: Port Harcourt old refinery is up and running, producing by-products of crude oil”, and signed by its spokesperson on Thursday, Joseph Obele, PETROAN noted that as part of its oversight function, it has direct access to the plant on the authorisation of management.
“It is more important to state here that the functional plant at operation is the old refinery with the capacity of 60,000 barrels per day, while the new port Harcourt refinery with the capacity of 200,000 barrels per day is still under rehabilitation which is due to commence production soon as announced by the management of NNPCL. Both Refineries are within the same complex at Alesa Eleme in Rivers State,” NNPCL spokesman said.
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