NNPC Seeks Operators for Port Harcourt Oil Refinery
01.23.2024 By Tank Terminals - NEWS

January 23, 2024 [Energy Capital & Power]- Nigerian oil company the Nigerian National Petroleum Corporation (NNPC) has launched a tender inviting private operators to operate and maintain the West African country’s Port Harcourt oil refinery.

 

The tender aims to engage operations and maintenance companies that will ensure reliability and sustainability at the refinery to meet Nigeria’s fuel supply needs while ensuring energy security.

The scope of the contract will cover various refinery business processes, including optimization of operations, maintenance, health and safety, and environmental management. What’s more, prospective operators will need to demonstrate a minimum average annual turnover of at least $2 billion since 2019, a current credit rating, and experience in refinery management.

In December 2023, Nigeria’s government announced that rehabilitation of the refinery had been completed and that the first phase of the plant will target a refining capacity of 60,000 barrels of oil per day (bpd). Production of the refinery is expected to begin in the first quarter of this year, reaching its full capacity of 210,000 bpd by no later than Q4 2024.

 

Pro 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

UAE Invests Billions in AI to Diversify Economy Beyond Oil
11.13.2024 - NEWS
November 13, 2024 [Oil Price]- The United Arab Emirates’ state-owned energy giant Abu Dhabi Nat... Read More
Gulf Energy Transition: Assessing Saudi and Emirati Goals
11.13.2024 - NEWS
November 13, 2024 [The Washington Institute]- On October 29, during Saudi Arabia’s annual Futur... Read More
How will The Energy Sector Fare Under Donald Trump?
11.13.2024 - NEWS
November 13, 2024 [Investing Daily]- The energy sector experienced a notable boost following Dona... Read More
PNOC, Pertamina Partner on LNG Infrastructure, Supply Chain
11.13.2024 - NEWS
November 13, 2024 [Manila Bulletin]- State-run Philippine National Oil Company (PNOC) has signed ... Read More