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NNPC To Acquire 10% Share In African Refineries Port Harcourt

Ahead of the full implementation of its Refinery Project in Port Harcourt Rivers State, African Refineries Port Harcourt Limited (ARPHL) has announced the award of Phase 1 contract for the colocation of a Greenfield Refinery to Messrs Tecnimont SpA.

Chief Executive Officer, ARPHL, Omotayo Adebajo said the engagement followed  the conclusion of negotiations with the Nigerian National Petroleum Corporation (NNPC) to acquire a 10 per cent equity stake in ARPHL’s 100,000 barrel per day refinery at the same location.

The Front-End Engineering Design (FEED) Contract is the first step towards implementing a plant for the processing of up to 100,000 barrels per day of crude oil.

The plant will be developed at the Port Harcourt Refinery Battery Limited due to be operational in 2025.
Messrs Tecnimont SpA, a leading global oil and gas refining, chemical and petrochemical, fertiliser and power EPC company will act as the FEED contractor for the refinery.

The 100,000bpd name plate capacity refinery will process crude oil and produce Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), Jet A-1, Liquefied Petroleum Gas (LPG), and Low Pour Fuel Oil (LPFO).

Source: Nation

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