{"id":349507,"date":"2024-12-17T13:19:30","date_gmt":"2024-12-17T12:19:30","guid":{"rendered":"https:\/\/www.withinnigeria.com\/news\/?p=349507"},"modified":"2024-12-17T13:19:30","modified_gmt":"2024-12-17T12:19:30","slug":"what-revival-of-port-harcourt-refinery-means-for-nigeria-nnpc","status":"publish","type":"post","link":"https:\/\/www.withinnigeria.com\/news\/2024\/12\/17\/what-revival-of-port-harcourt-refinery-means-for-nigeria-nnpc\/","title":{"rendered":"What revival of Port Harcourt Refinery means for Nigeria \u2013 NNPC"},"content":{"rendered":"<ul>\n<li><strong>According to NNPCL, the company has achieved tremendous success and breakthrough under the leadership of the Group CEO, Mele Kyari<\/strong><\/li>\n<\/ul>\n<hr \/>\n<p>The Nigerian National Petroleum Company Limited, <a href=\"https:\/\/www.withinnigeria.com\/news\/2024\/12\/03\/2024-recruitment-nnpcl-shortlists-candidates\/\">NNPCL<\/a>, has underscored the importance of the resuscitation and restart of the 60,000 barrels per day Port Harcourt refinery.<\/p>\n<p>The company said the restart will fast track Nigeria&#8217;s attainment of energy security.<\/p>\n<p>NNPCL stated that it has achieved tremendous success and breakthrough under the leadership of the Group CEO, Mele Kyari.<\/p>\n<p>The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, stated this on Monday in Abuja at the company\u2019s energy relations stakeholders engagement.<\/p>\n<p>He noted that kyari has reshaped and redefined the trajectory of Nigeria\u2019s oil and gas sector.<\/p>\n<p>\u201cThe restart of the Port Harcourt Refinery marks a significant turning point in Nigeria\u2019s quest for energy self-sufficiency, reaffirming the company\u2019s commitment to revitalizing the nation\u2019s refining capacity.<\/p>\n<p>\u201cNNPC has also championed the adoption of Compressed Natural Gas, CNG, as an alternative energy source, offering Nigerians a cleaner and more cost-effective solution amidst rising global energy costs,\u201d he said.<\/p>\n<p>According to him, the strategic decision to secure a $1 billion loan backed by NNPCL\u2019s crude was instrumental in supporting the Dangote Refinery during liquidity challenges, paving the way for the establishment of Nigeria\u2019s first private refinery.<\/p>\n<p>He further stated that the initiative underscores NNPCL\u2019s dedication to fostering public-private partnerships that drive national development.<\/p>\n<p>\u201cIn a historic achievement, NNPCL, under Kyari\u2019s leadership, declared profit for the first time in decades, marking a significant financial turnaround. The company has already exceeded its profit projections for 2024, a testament to the transformative reforms he has implemented.<\/p>\n<p>\u201cAdditionally, Kyari facilitated the $3 billion Gazelle loan, a critical intervention that helped stabilize the federation during a challenging foreign exchange crisis,\u201d he added<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to NNPCL, the company has achieved tremendous success and breakthrough under the leadership of the Group CEO, Mele Kyari The Nigerian National Petroleum Company Limited, NNPCL, has underscored the importance of the resuscitation and restart of the 60,000 barrels per day Port Harcourt refinery. The company said the restart will fast track Nigeria&#8217;s attainment [&hellip;]<\/p>\n","protected":false},"author":39,"featured_media":316796,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jnews-multi-image_gallery":[],"jnews_single_post":{"source_name":"","source_url":"","via_name":"","via_url":"","override_template":"0","override":[{"template":"2","single_blog_custom":"211693","parallax":"1","fullscreen":"1","layout":"right-sidebar","sidebar":"default-sidebar","second_sidebar":"default-sidebar","sticky_sidebar":"1","share_position":"top","share_float_style":"share-monocrhome","show_share_counter":"1","show_view_counter":"0","show_featured":"1","show_post_meta":"1","show_post_author":"1","show_post_author_image":"1","show_post_date":"1","post_date_format":"default","post_date_format_custom":"Y\/m\/d","show_post_category":"1","show_post_reading_time":"1","post_reading_time_wpm":"300","show_zoom_button":"1","zoom_button_out_step":"2","zoom_button_in_step":"3","show_post_tag":"0","show_prev_next_post":"0","show_popup_post":"0","number_popup_post":"1","show_author_box":"0","show_post_related":"0","show_inline_post_related":"1"}],"override_image_size":"0","image_override":[{"single_post_thumbnail_size":"crop-500","single_post_gallery_size":"crop-500"}],"trending_post":"0","trending_post_position":"meta","trending_post_label":"Trending","sponsored_post":"0","sponsored_post_label":"Sponsored 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