Close Menu
MarketForces AfricaMarketForces Africa
    What's Hot

    CBN Declares Forex Market Stable as Reserves Hit $52.5bn

    August 5, 2026

    Polkadot Price Rises 5.2% to $0.8648 on Bullish Shift

    August 5, 2026

    Zcash Gains 5% as Fortitude Mining Holdings Acquires Facility

    August 4, 2026
    Facebook X (Twitter) Instagram
    Trending
    • CBN Declares Forex Market Stable as Reserves Hit $52.5bn
    • Polkadot Price Rises 5.2% to $0.8648 on Bullish Shift
    • Zcash Gains 5% as Fortitude Mining Holdings Acquires Facility
    • Cardano Races Toward $0.20 Target Price on Protocol Upgrade Bets
    • Heirs Insurance Group Meets NAICOM’s New Capital Requirements
    • New US Student Visa Rules Will Pressure Some Colleges -Fitch
    • Oando Half-Year Revenue Hits N2.1 Trillion, Up 20%
    • President Tinubu Raises Military Salaries by Up to 80%
    • Home
    • About Us
    Facebook X (Twitter) Instagram LinkedIn WhatsApp TikTok Telegram
    MarketForces AfricaMarketForces Africa
    Subscribe
    Wednesday, August 5
    • Home
    • News
    • Analysis
    • Economy
    • Mobile Banking
    • Entrepreneurship
    MarketForces AfricaMarketForces Africa
    MarketForces Africa » MarketForces News » NNPCL Seeks Investors to Manage Port Harcourt Refinery

    NNPCL Seeks Investors to Manage Port Harcourt Refinery

    Marketforces AfricaBy Marketforces AfricaJanuary 16, 2024Updated:January 16, 2024 News No Comments2 Mins Read
    NNPCL Seeks Investors to Manage Port Harcourt Refinery
    Share
    Facebook Twitter LinkedIn Pinterest Email Tumblr Reddit Telegram WhatsApp Copy Link

    NNPCL Seeks Investors to Manage Port Harcourt Refinery

    The Nigerian National Petroleum Company Limited (NNPCL), has called for managers of refineries worldwide especially those who have maintained at least a $2 billion yearly turnover in the last four years to take control of the newly renovated Port Harcourt Refinery.

    The facility which was rehabilitated for $1.5 billion, has old and new units. The old plant has a refining capacity of 60,000 barrels per day (bpd) while the new plant with 150,000 bpd combines a 210,000 bpd capacity.

    In an Expression of Interest (EOI) posted on its website, NNPCL noted that the financial details of the organisations must be audited in the last four years, while they must have experience working in Nigeria and other African countries as a record of local content compliance.

    The company said the contract would be long-term and short-term production/operations planning, production and operations execution, monitoring, reporting and optimisation of operations, maintenance planning (short-term), maintenance execution, reliability and inspection.

    It added that the lucky firm would also process and undertake engineering quality control, quality assurance and laboratory, specialist engineering, health and safety, environmental management, turnaround maintenance planning and execution, minor projects, non-hydrocarbon procurement and sub-contractor management.

    NNPCL has earlier announced the mechanical completion of rehabilitation of the unit which would process 60,000 barrels per day. The unit is to produce an estimated 10.2 million litres of Premium Motor Spirit (APMS) daily. Naira Rises by 19% as Forex Market Pressures Ease

    A spokesperson for the company, Femi Soneye, had said the test run would be completed this month. “Testing will conclude shortly, ensuring the refinery’s efficient operation. That phase will be completed this month,” he promised. #NNPCL Seeks Investors to Manage Port Harcourt Refinery

    NNPC NNPCL PHC REFINERY
    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Marketforces Africa
    • Website
    • Facebook
    • X (Twitter)
    • Instagram
    • LinkedIn

    MarketForces Africa, a Financial News Media Platform for Strategic Opinions about Economic Policies, Strategy & Corporate Analysis from today's Leading Professionals, Equity Analysts, Research Experts, Industrialists and, Entrepreneurs on the Risk and Opportunities Surrounding Industry Shaping Businesses and Ideas.

    Keep Reading

    CBN Declares Forex Market Stable as Reserves Hit $52.5bn

    Polkadot Price Rises 5.2% to $0.8648 on Bullish Shift

    Zcash Gains 5% as Fortitude Mining Holdings Acquires Facility

    Cardano Races Toward $0.20 Target Price on Protocol Upgrade Bets

    Heirs Insurance Group Meets NAICOM’s New Capital Requirements

    New US Student Visa Rules Will Pressure Some Colleges -Fitch

    Add A Comment

    Comments are closed.

    Editors Picks

    CBN Declares Forex Market Stable as Reserves Hit $52.5bn

    August 5, 2026

    Polkadot Price Rises 5.2% to $0.8648 on Bullish Shift

    August 5, 2026

    Zcash Gains 5% as Fortitude Mining Holdings Acquires Facility

    August 4, 2026

    Cardano Races Toward $0.20 Target Price on Protocol Upgrade Bets

    August 4, 2026

    Heirs Insurance Group Meets NAICOM’s New Capital Requirements

    August 4, 2026
    Latest Posts

    CBN Declares Forex Market Stable as Reserves Hit $52.5bn

    August 5, 2026

    Polkadot Price Rises 5.2% to $0.8648 on Bullish Shift

    August 5, 2026

    Zcash Gains 5% as Fortitude Mining Holdings Acquires Facility

    August 4, 2026

    Cardano Races Toward $0.20 Target Price on Protocol Upgrade Bets

    August 4, 2026

    Heirs Insurance Group Meets NAICOM’s New Capital Requirements

    August 4, 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.