June 18, 2024
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OIL & GAS

Nigeria’s NNPC Seeks Private Firms To Manage Oil Refinery

The Nigerian National Petroleum Company (NNPC) Limited, the Nigerian state-owned oil firm announced its intention of handing over the operations of the Port Harcourt oil refinery to private entities.

NNPC, on its official X account on Monday, said that the contract’s scope will cover various refinery business processes, including long- and short-term planning for production and operations, production and operations execution, monitoring, reporting, and optimisation of operations, maintenance execution, environmental management, health and safety, minor projects, and others.

“The Nigerian National Petroleum Company (NNPC) Limited, is seeking to engage reputable and credible Operations & Maintenance (O&M) companies to operate and maintain one of its refineries, Port Harcourt Refining Company (PHRC), to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.”

NNPC had commenced the supply of crude oil to the Port Harcourt refinery while the Nigerian government announced the mechanical completion of rehabilitation work at the Port Harcourt Refining Company’s Area-5 Plant in Rivers State on December 21, 2023.

Located about 25 kilometres east of Port Harcourt in Nigeria’s Rivers State, the facility would begin refining 60,000 barrels of crude oil daily.

The closing date for submitting the interest is Monday, January 29, 2024.

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