Shell Begins Supply Of Crude Oil To Port-Harcourt Refinery Ahead Of Operations
Shell Nigeria has startedcrude oil to Nigeria’s Port-Harcourt refinery ahead of refining operations later this quarter.
The spokesperson for the company Bamidele Odugbesan relayed this information in an interview withstated that deliveries were made to the company this week.
He stated, “Future suppliesoil and gas terminal would be guided by the demand for the
In a separate statement, Shell’s Bonny oil terminal manager said a total said a total of 475,000 barrels of oildelivered to the Port-Harcourt refinery around January.
Nigeria hasto halt and maintain relatively low prices following the removal of the fuel subsidy in June.
fuel prices surged by more than 200%.
Despite thethat local refining would not reduce fuel prices nationwide after the subsidy, that the reduction would hover around N20 to N30 compared to imported fuel.
Last month, the Nigerian Upstream Regulatory Agency (NUPRC) mandated oil companies operating in Nigeria to supply483,000 barrels of oil daily to local refineries across Nigeria.
One of the refineries slated to benefit is the newly repaired Port-Harcourt refinery which was slated to receive 75,000 barrels of oil daily.
Since 2021, the Nigerian government through the NNPCL has engaged contractors to repair the four state-owned refineries across thein a move to boost local refining capacity following the commissioning of the 650,000 bpd Dangote refinery.
In December, the NNPCL announced the completion of turnaround maintenance and mechanical testing
The repair works cost around $1.5 billion and scheduled in phases.