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

FERC to Decide on Venture Global Building Permit Extension by April
02.23.2024 - NEWS
February 23, 2024 [Oil Price]- The Federal Energy Regulatory Commission will try to be quick in d... Read More
Shell's LNG Trading Makes $2.4 Billion in Final 2023 Quarter, Sources Say
02.23.2024 - NEWS
February 23, 2024 [Reuters]- Nearly a third of Shell’s (SHEL.L), opens new tab profit in th... Read More
Europe, Africa Oil Markets Tighten, Lending Support to Futures
02.23.2024 - NEWS
February 23, 2024 [Reuters]- Red Sea shipping delays and OPEC+ supply cuts are tightening physica... Read More
Concluded Joint Development Agreement for Production of Sustainable Aviation Fuel (SAF) from Woody Biomass in the US
02.23.2024 - NEWS
February 23, 2024 [Sumitomo Corporation]- Sumitomo Corporation, through Sumitomo Corporation of A... Read More