NEWS

FG To Stop Fuel Importation February 2024- Lokpobiri

The Federal Government has announced its aim to cease fuel imports by 2024, with plans to revitalize the Port Harcourt and Warri refineries for enhanced functionality.

The government clarified that the Port Harcourt refinery is set to commence operations in December 2023, and the Warri refinery, also undergoing rehabilitation, will begin refining petroleum products by February.

Emphasizing the importance of meeting the December 2023 target for the Port Harcourt refinery’s rehabilitation, the government expressed satisfaction with the progress made in the facility.

Minister of State for Petroleum Resources, Heineken Lokpobiri, shared these updates during a recent visit to the Port Harcourt Refining Company in Rivers State, where he inspected the project. Lokpobiri, accompanied by Minister of State for Gas Resources, Ekperikpe Ekpo, expressed contentment with the work done, noting that once the $1.5 billion rehabilitation project is completed by the end of 2023, the refinery will have the capacity to refine up to 60,000 barrels of crude oil daily.

The primary objective of the inspection was to ensure the timely rehabilitation of the Port Harcourt Refinery and the completion of other refineries in the country as scheduled.

Lokpobiri said: “The essence of today’s inspection is to come see the extent of work done at the Port Harcourt Refinery and we are happy with the level of work done here. 

“From what we have seen here, we believe the project will be completed as scheduled. The Port Harcourt Refinery will come on board fully by the end of this year, 2023. Warri will start operating by the first quarter of next year and then, Kaduna will come on stream towards the end of next year. 

“The Port Harcourt Refinery when completed is expected to produce about 54 to 60 barrels per day, while Warri refinery when it comes on stream by February, 2024 will produce 75 barrels of oil per day. If we add that to Dangote refinery we will be able to stop fuel importation and Nigeria can now have the benefits of full deregulation.

“We will be going round all the refineries in the country, from Port Harcourt, we will go to Warri, to Kaduna. We will also go to Dangote refinery to see the level of work there. 

“Our objective is to ensure that in the next few years, Nigeria stops fuel importation and that is why we are here to see the extent of work done, and we are satisfied with what we are seeing here.”

“Nigerians should expect better supply of fuel and better economy. But I can assure you that Nigeria will have a better deal in this renewed hope Administration of president Bola Ahmed Tinubu.”

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