The Federal Government has kick-started the rehabilitation of Port Harcourt refineries. Speaking yesterday at the inauguration ceremony in Port Harcourt, Dr Maikanti Baru, Group Managing Director of NNPC, said the move was part of government’s effort to achieve 90 per cent local refining capacity. The first refinery in Port Harcourt was commissioned in 1965 to process 60,000 barrels of oil per stream day (bpsd), and the new plant in 1989, with capacity of 150,000 bpsd. The refineries have a combined capacity of 210,000 barrels per stream day, making it the “biggest oil refining company in Nigeria”. Baru said the rehabilitation would be in two phases, adding that both ENI and the original builders would participate in the process. “We appreciate the commitment of the managers of the Port Harcourt Refineries because you know how much importance NNPC attaches to the revamping of the refineries to make impact and boost […]