JUST IN: NNPC Shuts-down Port Harcourt Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has announced the shutdown of the Port Harcourt Refining Company (PHRC), effective May 24, 2025, for routine maintenance and a sustainability assessment. The one-month temporary decision, confirmed by NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, aims to enhance the refinery’s performance and ensure safe operations. The facility, […]
FG Bans Export of Crude Oil Meant for Domestic Refineries
The Federal Government in a strategic move to enhance local refining capabilities, reduce the importation of petroleum products, and alleviate pressure on foreign exchange reserves, has imposed a ban on the export of crude oil designated for domestic refineries. Previously, approximately 500,000 barrels of crude oil per day, which were supposed to be processed […]