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    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
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    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
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