PORT HARCOURT REFINERY CONFIRMED OPERATIONAL BY NLC PRESIDENT JOE AJAERO AND TUC PRESIDENT FESTUS OSIFO

In a significant development, the Port Harcourt Refinery has been confirmed operational by the President of the Nigeria Labour Congress (NLC), Joe Ajaero, and the President of the Trade Union Congress (TUC), Festus Osifo. This confirmation comes after months of speculation and anticipation about the refinery’s status.

CAPACITY AND PRODUCTION

According to reports, the refinery is currently running at 90-95% capacity and is expected to recoup its investment and make profits within a few years. This is a significant step towards increasing Nigeria’s petroleum production and reducing reliance on imported fuel.

CONFIRMATION BY PENGASSAN AND KPLER

The refinery’s operational commencement was also confirmed by PENGASSAN, the Petroleum and Natural Gas Senior Staff Association of Nigeria. Additionally, Kpler reports that the refinery’s CDU 1 unit started operations this week, with an estimated output of 20,000 barrels per day.

IMPLICATIONS FOR NIGERIA’S ENERGY SECTOR

This development is a positive sign for Nigeria’s energy sector, and the country’s efforts to increase domestic production and reduce dependence on imported fuel. The Port Harcourt Refinery is one of Nigeria’s four state-owned refineries, and its operational status is a significant milestone in the country’s quest for energy self-sufficiency.

REACTIONS FROM LABOUR LEADERS

NLC President Joe Ajaero praised the development, saying: “This is a welcome development for the Nigerian workers and the economy at large. We commend the government for taking steps to revamp our refineries and increase domestic production.”

TUC President Festus Osifo also expressed his satisfaction, saying: “This is a positive step towards reducing our reliance on imported fuel and increasing our domestic production. We urge the government to continue investing in our energy sector to ensure that we achieve energy self-sufficiency.”

CONCLUSION

The confirmation of the Port Harcourt Refinery’s operational status is a significant development for Nigeria’s energy sector. With the refinery running at 90-95% capacity, Nigeria is one step closer to achieving energy self-sufficiency. As the country continues to invest in its energy sector, it is expected that Nigeria will reduce its reliance on imported fuel and increase its domestic production.