Shell’s Nigeria unit has announced the resumption of crude oil supply from its Bonny export terminal to the state-owned Port Harcourt refinery, which is slated to begin operations in the first quarter of this year.Thank you for reading this post, don't forget to subscribe!
The refinery, undergoing refurbishment, will initially process 60,000 barrels per day (bpd) before scaling up to its full capacity of 210,000 bpd later in the year. A recent delivery of 475,000 barrels of oil to the Port Harcourt refinery signals progress, with future supplies contingent on demand.
Nigeria’s NNPC Ltd had previously sought operators for the Port Harcourt refinery, aiming to complete test runs by January’s end to revive operations after a five-year shutdown.
Port Harcourt is one of four state-owned refineries being revitalized to reduce Nigeria’s dependence on fuel imports.