The Federal Government has given assurances that the ongoing rehabilitation of the nation’s ailing refineries would soon be completed.
Specifically, the 60,000 barrels per day capacity Port Harcourt Refinery is expected to be completed and resume full production by December 2022.
Minister of State for Petroleum Resources, Timipre Sylva, made the disclosure on Wednesday while briefing State House Correspondents after the Federal Executive Council (FEC) meeting
According to Sylva, “The rehabilitation of the refineries is ongoing. The old refinery in Port Harcourt, which is about 60,000 barrels per day capacity, will be functional by December and, of course, we still have some time in the contracting time to conclude the rest of the Port Harcourt Refineries.
“Works in the Kaduna and Warri refineries are also progressing very well. We will soon be embarking on an inspection visit.
”He also said that the council approved N2.044 billion for the provision of internal roads and drainages at the Nigerian Content Development and Monitoring Board’s Gas hub in Bayelsa.
According to Sylva, the gas hub was meant to encourage the development of countries that will process the Nigerian gas for export as well as promote the use of gas internally.
“Council today approved the contract to construct internal roads and bridges in the Nigerian Content Development and Monitoring Board’s Gas hub located at Polaku in Bayelsa.
“The contract sum is N2.044 billion. The gas hub is to encourage the development of companies that will process and develop our gas for export and to try to deepen the use of gas internally as well as construct gas cylinders.
“Already there are companies that are in the gas hub. So, these drainages and roads.
“The entire development of that area is to encourage more companies to come into the area in furtherance of our commitment to the decade of gas from 2021 to 2030 as declared by the president.
“Already there are companies that are in the gas hub – Shell Nigeria gas is already located in the hub. Roll gas is already located in the hub. So, these drainages and roads and the developments in that hub are expected to encourage more companies to come into that hub to be able to deepen the development of gas. This is in furtherance of commitments to the decade of gas as declared by Mr. President, from 2021-2030,” he said.
