The Nigerian Nationwide Petroleum Company Restricted has revealed that take a look at runs on the 60,000-bpd Port Harcourt refinery will likely be accomplished this month.

“Testing will conclude shortly, guaranteeing the refinery’s environment friendly operation. That part will likely be accomplished this month,” Reuters quoted NNPC spokesperson, Femi Soneye, as saying.

Soneye added that the take a look at run was a serious step in the direction of resuming operations 5 years after the plant was shut.

The state-owned oil firm introduced in December the mechanical completion of rehabilitation work on the Space-5 Plant of the ability.

It mentioned the primary part of the plant had been accomplished, as the ability would begin refining 60,000 barrels of crude oil each day after the Christmas break.

The Minister of State for Petroleum Sources (Oil), Senator Heineken Lokpobiri, had acknowledged that the primary part of the PHRC was accomplished on December 20, 2023, including that refined merchandise’ manufacturing would begin after the Yuletide.

It’s anticipated that when practical, alongside the Dangote Refinery which is anticipated to start out oil refining this 12 months, the ability will ease the stress on the nation’s international alternate.

Although the price of refined merchandise would cut back as soon as these amenities begin pumping, consultants and downstream operators acknowledged it might not lead to an enormous worth crash, experiences The PUNCH.