The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC) Limited, Malam Mele Kyari, has said the Port Harcourt refinery will be ready before the end of the year 2023.
He claimed most of the challenges have been addressed and expressed optimism that with the completion of the rehabilitation and the coming on board of the Dangote Refinery in Lagos, Nigerians stand to gain more.
NNPC has a total refining capacity of 445,000 barrels in four refineries in three locations.
Kyari said that money was borrowed to rehabilitate the refineries and their repayment tied to their performance. He also revealed that the contractor, Daewoo, is on site working, mobilized to site, and equipment being delivered to site and that within that 36 month cycle, it will also complete the rehabilitation.