Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    OMO Inflows Drive Nigeria’s Financial System Liquidity 72% Higher

    July 22, 2026

    External Reserves Stand at $52bn – Cardoso

    July 21, 2026

    XRP Spot ETF Net Inflow Tops $1bn, Price Swings

    July 21, 2026
    Facebook X (Twitter) Instagram
    Trending
    • OMO Inflows Drive Nigeria’s Financial System Liquidity 72% Higher
    • External Reserves Stand at $52bn – Cardoso
    • XRP Spot ETF Net Inflow Tops $1bn, Price Swings
    • Naira Appreciates as Nigeria’s Foreign Reserves Top $52bn
    • Investors’ Wealth Tops N159trn as Nigerian Stock Market Expands
    • XRP Price Hits $1.15 on Clarity Progress, Ripple Prime Wins
    • NCC Calls for Stronger African Collaboration Ahead of Global Telecom Policy Conference
    • Global Hunger Declines Across Continents, Trade Risks Loom- UN
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, July 22
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » NNPC Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims

    NNPC Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims

    Ogochukwu NdubuisiBy Ogochukwu NdubuisiNovember 27, 2024 News No Comments2 Mins Read
    NNPC Ltd Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NNPC Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims

    The Board and Management of the Nigerian National Petroleum Company Limited (NNPC Ltd.) express heartfelt appreciation to Nigerians for their support and excitement over the safe and successful restart of the 60,000 barrels-per-day Old Port Harcourt Refinery.

    This achievement marks a significant step forward after years of operational challenges and underperformance.

    We are, however, aware of unfounded claims by certain individuals suggesting that the refinery is not producing products. For clarity, the Old Port Harcourt Refinery is currently operating at 70% of its installed capacity, with plans to ramp up to 90%.

    The refinery is producing the following daily outputs:
    • Straight-Run Gasoline (Naphtha): Blended into 1.4 million liters of Premium Motor Spirit (PMS or petrol)
    • Kerosene: 900,000 liters
    • Automotive Gas Oil (AGO or Diesel): 1.5 million liters
    • Low Pour Fuel Oil (LPFO): 2.1 million liters
    • Liquefied Petroleum Gas (LPG): Additional volumes

    It is worth noting that the refinery incorporates crack C5, a blending component from our sister company, Indorama Petrochemicals (formerly Eleme Petrochemicals), to produce gasoline that meets required specifications.

    Blending is a standard practice in refineries globally, as no single unit can produce gasoline that fully complies with any country’s standards without such processes.

    Additionally, we have made substantial progress on the new Port Harcourt Refinery, which will begin operations soon without prior announcements.

    We urge Nigerians to focus on the remarkable achievements being realized under the able and progressive leadership of President Bola Tinubu, GCFR, and to support efforts aimed at delivering more dividends to the nation.

    Malicious attacks on clear progress only undermine the significant strides made by NNPC Ltd. and the country. Let us move forward together in building a stronger and more self-sufficient energy sector. #NNPC Ltd Reaffirms Progress on Port Harcourt Refinery and Addresses Misleading Claims#

    Abidjan-Lagos Corridor Highway, a Potent Economic, Industrial Hub – AfDB

    NNPC PH Refinery
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Ogochukwu Ndubuisi
    • Website
    • Facebook
    • X (Twitter)
    • LinkedIn

    Ogochukwu Ndubuisi is an editorial content strategist and financial news writer at MarketForces Africa, covering a broad range of topics including Nigeria's equity markets, infrastructure development, energy, government policy, corporate finance, and digital economy.With over 2,400 published articles on MarketForces Africa, Ogochi brings depth and consistency to the publication's daily news coverage.Her reporting spans Nigerian Exchange Group market movements, Lagos State infrastructure projects, and federal government economic policies, oil and gas developments, and emerging sectors shaping Nigeria's economic landscape.She also covers Africa-wide stories, including East African market indices, continental investment trends, and cross-border economic developments.Ogochi works closely with MarketForces Africa's editorial and corporate communications teams to deliver accurate, timely, and well-researched content to the publication's professional readership.Ogochukwu Ndubuisi is based in Lagos, Nigeria.

    Keep Reading

    OMO Inflows Drive Nigeria’s Financial System Liquidity 72% Higher

    External Reserves Stand at $52bn – Cardoso

    XRP Spot ETF Net Inflow Tops $1bn, Price Swings

    Naira Appreciates as Nigeria’s Foreign Reserves Top $52bn

    Investors’ Wealth Tops N159trn as Nigerian Stock Market Expands

    XRP Price Hits $1.15 on Clarity Progress, Ripple Prime Wins

    Add A Comment

    Comments are closed.

    Editors Picks

    OMO Inflows Drive Nigeria’s Financial System Liquidity 72% Higher

    July 22, 2026

    External Reserves Stand at $52bn – Cardoso

    July 21, 2026

    XRP Spot ETF Net Inflow Tops $1bn, Price Swings

    July 21, 2026

    Naira Appreciates as Nigeria’s Foreign Reserves Top $52bn

    July 21, 2026

    Investors’ Wealth Tops N159trn as Nigerian Stock Market Expands

    July 21, 2026
    Latest Posts

    OMO Inflows Drive Nigeria’s Financial System Liquidity 72% Higher

    July 22, 2026

    External Reserves Stand at $52bn – Cardoso

    July 21, 2026

    XRP Spot ETF Net Inflow Tops $1bn, Price Swings

    July 21, 2026

    Naira Appreciates as Nigeria’s Foreign Reserves Top $52bn

    July 21, 2026

    Investors’ Wealth Tops N159trn as Nigerian Stock Market Expands

    July 21, 2026

    Subscribe to News

    Get the latest sports news from Dmarketforces Africa about finance, business and tech.

    Advertisement
    Facebook X (Twitter) Pinterest Vimeo WhatsApp TikTok Instagram

    News

    • World
    • Politics
    • Economy
    • Business
    • Opinions
    • Fintech
    • Science & Technology

    Company

    • About us
    • Advertising
    • Classified Ads
    • Contact Info
    • Editorial Policy

    Services

    • Subscriptions
    • Research
    • Due Diligence
    • Newsletters
    • Sponsored News
    • Work With Us

    Subscribe to Updates

    Subscribe to updates from MarketForces Africa, an independent financial news service provider.

    © 2026 MarketForces Africa. All rights reserved.
    • Privacy Policy
    • Terms
    • Accessibility

    Type above and press Enter to search. Press Esc to cancel.