PH Refinery Restart Pivotal in Nigeria’s Energy Self-Sufficiency Drive – NNPC

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OBAS, Esiedesa

Tuesday, December 17, 2024, pg.5

PH Refinery Restart Pivotal in Nigeria’s Energy Self-Sufficiency Drive – NNPC

During a recent stakeholders engagement meeting in Abuja, the Chief Corporate Communications Officer for the Nigerian National Petroleum Company Limited, Olufemi Soneye,  pointed out major milestones achieved under the leadership of Group Chief Executive Officer Mele Kyari to transform the nation's oil and gas sector and achieve energy security. These achievements include restarting the sixty-thousand-barrels-per-day Port Harcourt refinery, promoting compressed natural gas as a cleaner and cheaper alternative, securing a one billion dollar crude-backed loan to support the Dangote refinery through liquidity challenges, and arranging a three billion dollar loan that helped stabilize the country during a foreign exchange crisis. Additionally, Soneye noted that the company has recorded historic financial turnarounds by surpassing its profit projections and remaining deeply committed to fostering public-private partnerships, driving national development, and strengthening vital stakeholder relations across the entire energy value chain.


OBAS, Esiedesa | Petroleum refineries—Nigeria | Vanguard | Tuesday, December 17, 2024