Nigeria's NNPC Partners Local Firm on New 100,000 bpd Refinery
04.26.2024 By Tank Terminals - NEWS

April 26, 2024 [Hydrocarbon Processing]- Nigeria’s state-owned oil firm NNPC Ltd on Thursday signed an agreement allowing a local refiner to build and operate a 100,000 bpd refinery within NNPC’s Port Harcourt Refinery complex in the south of the country.


The plan to site another refinery close to the state-owned plant to maximize the use of existing facilities, known as co-location, was first made public in 2016 when the Nigerian National Petroleum Company Ltd (NNPC) advertised for tenders.

In 2018, NNPC approved a bid from African Refineries Port Harcourt (ARPH) Ltd to set up a new refinery within the Port Harcourt complex. NNPC was to take a 10% equity stake in the project.

ARPH then contracted a subsidiary of Italian engineering firm Maire Tecnimont Group to build the plant.

On Thursday, NNPC signed an investment agreement with ARPH, a major step towards starting the project, which could help boost Nigeria’s bid to ramp up production of refined petroleum products after the giant Dangote Refinery came into operation earlier this year.

The 210,000 bpd Port Harcourt refinery was shut five years ago and is among moribund state-owned plants which the government is reviving. NNPC expects the refinery to hit full capacity later this year.


Free Trial: Access 13,300 Tank Terminal and Production Facilities

13,300 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

Wood Bags Six-Year Contract on Shell’s Prelude Facility
07.12.2024 - NEWS
July 12, 2024 [Yahoo Finance]- Shell has awarded a six-year contract to engineering company Woo... Read More
Malaysia’s Bintulu LNG Plant to Get First Supplies from Jerun Gas Field
07.12.2024 - NEWS
July 12, 2024 [LNG Prime]- Malaysia’s giant Bintulu LNG plant, operated by Petronas, will soon ... Read More
Rubis Terminal Rebrands as Tepsa, Building on Legacy and Embracing Evolution
07.12.2024 - NEWS
July 12, 2024 [Storage Terminals Magazine]- Rubis Terminal is excited to announce a strategic reb... Read More
Adnoc Awards Abu Dhabi Airport Tank Farm Project
07.11.2024 - NEWS
July 11, 2024 [MEED]- Abu Dhabi National Oil Company (Adnoc) has awarded the main engineering, pr... Read More