Port Harcourt Refinery to be Fully Operational Soon—FG

February 23, 2024
Port Harcourt Refinery

By Adedapo Adesanya 

The federal government has disclosed that the Port Harcourt Refinery should become operational very soon as it has attained 80 per cent completion.

The Minister of State for Labour and Employment, Mrs Nkeiruka Onyejeocha, during a tour of the facility, disclosed that the refinery would produce two million litres of Premium Motor Spirit, otherwise known as petrol, and 2.2 million litres of diesel per day upon resuming operations.

In a statement by the Director of Press and Public Relations in the Federal Ministry, Mr Olajide Oshundun, it was further stated that the old plant should produce 54,000 barrels per day, while the new plant, which is in its last phase of completion, would start production by the end of the year.

“The old plant would begin with 54,000 barrels per day, which would produce two million litres of PMS and 2.2 million litres of diesel per day, while the new plant which is currently going through its last phase of completion would also begin production before the end of the year. The combined capacity of the two plants, when fully on stream, would produce 10 million litres of PMS per day,” the statement said.

Mrs Onyejeocha stated that the government was open to dialogue with organised labour and other stakeholders to achieve peace and harmony in the sector while appealing to the union leaders to consider strike actions as a last option, as it sends wrong signals to investors.

“Issuing of constant strike threat could send wrong signals to potential investors. This is not healthy for our business environment,” she said.

It was disclosed that the federal government and the leadership of the Trade Union Congress (TUC) met to review the progress report on agreements reached in October 2023 between the government and organised labour.

“During the review, the Minister read each item on the memorandum of understanding among which were the payment of four out of six months on wage award, the committee of minimum wage review, payment of outstanding salaries and wages of tertiary education workers in federal- owned educational institutions, suspension of VAT on diesel, payment of N25,000 conditional cash transfer to 3,140,819 households, including the pensioners.

“While she said the government has made a huge financial commitment to the provision of CNG Buses and conversion Kits, she also explained that the procurement process was slowing down the launch but measures were already in place to fast-track the process.

“The Minister explained that the government has commenced a series of engagements with relevant stakeholders on tax incentives, just as the leadership crises rocking NURTW and RTEAN have been resolved,” the statement added.

Adedapo Adesanya

Adedapo Adesanya is a journalist, polymath, and connoisseur of everything art. When he is not writing, he has his nose buried in one of the many books or articles he has bookmarked or simply listening to good music with a bottle of beer or wine. He supports the greatest club in the world, Manchester United F.C.

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