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O&M Deal: NNPCL seeks private firms to manage Port Harcourt Oil Refinery

*The Nigerian National Petroleum Company Limited is actively searching for reputable and credible Operations and Maintenance (O&M) private companies to operate and maintain the Port Harcourt Refining Company to ensure reliability and sustainability in meeting fuel supply and energy security obligations to consumers

Isola Moses | ConsumerConnect

As the oil-refining facility is ready for production, the Nigerian National Petroleum Company (NNPC) Limited has requested interested companies to take over the operations of the Port Harcourt Oil Refinery.

ConsumerConnect reports the Company’s move is sequel to the testing phase of the refinery and subsequent supply of crude oil to the Port Harcourt Refinery to resume production of petroleum products in the West African country.

It is recalled the Federal Government had officially announced the ‘mechanical completion’ of rehabilitation work at the Port Harcourt Refining Company’s Area-5 Plant in Rivers State December 21, 2023 in view of the Bola Ahmed Tinubu administration’s commitment to reviving the facility.

Heineken Lokpobiri, Minister of State for Petroleum Resources,  had announced the mechanical completion of the refinery December.

The rehabilitated oil-refining facility would begin refining 60,000 barrels of crude oil daily, according to NNPCL.

The NNPCL, in a statement posted on its corporate Web site Monday, January 15, 2024, the state oil company is actively searching for reputable and credible Operations and Maintenance (O&M) companies to operate and maintain the Port Harcourt Refining Company (PHRC) with the aim of ensuring reliability and sustainability to meet the nation’s fuel supply and energy security obligations.

The NNPCL noted that the contract’s scope would cover various refinery business processes, including long and short-term planning for production and operations, production and operations execution, monitoring, reporting, and optimisation of operations, maintenance execution, environmental management, health and safety, minor projects, and others.

Besides, the Company requested interested companies to demonstrate a minimum average annual turnover of at least $2 billion for the fiscal years ending in 2019, 2020, 2021, and 2022, respectively.

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