By Jane-Frances Oraka
The Managing Director of the Port Harcourt Refining Company (PHRC), Ahmed Dikko, has said that the planned rehabilitation of the refinery would ensure increased revenue and energy sufficiency in the nation.
Dikko made the remark in his presentation during the visit of the National Assembly Joint Committee on Petroleum, led by its Chairman, Sen. Sabo Nakudu, to the company in Eleme, Rivers on Wednesday.
He said that the project, which is expected to commence in two months’ time, would prevent unplanned shutdown as well as increase the Gross Domestic Product (GDP) when completed.
Other benefits he said included local production of Aviation Turbine Kero and reduction in foreign exchange demand through reduced importation of petroleum products.
Dikko explained that the company comprised of the old Port Harcourt Refinery (OPHR) and the New Port Harcourt Refinery (NPHR) with a combined installed capacity of 210,000 barrels per day (bpd).
He further…
Source: News Agency of Nigeria
