The Nigeria National Petroleum Company Limited (NNPCL) has clarified that its Port Harcourt Refining Company (PHRC) which began operations on Tuesday, was yet to commence bulk sales or open its purchase portal
NNPCL Chief Corporate Communications Officer, Olufemi Soneye who disclosed this in a statement on Friday, says essential processes are still being Finalized
He stated that the products the refinery current sells originate from the Dangote Refinery and it include applicable fees by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA).
“Products from PHRC are exclusively for our retail stores at this stage. Our pricing is reviewed and adjusted periodically as necessary to reflect operational realities,” the statement read.
The company also advised the public to disregard any misleading information regarding pricing and notes that official announcements will be made if and when price reviews occur.
This clarification comes amid public anticipation of the PHRC’s full-scale operations as the company works to streamline its processes.
Earlier, NNPCL clarified that the newly activated Port Harcourt refinery is currently working at 90 per cent capacity, and not 70 per cent as stated by the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN).
PETROAN had on Thursday said the refinery is currently operating at 70 per cent of its installed capacity, with plans to ramp up to 90 per cent
The 60,000 barrel per day Refinery was designed to produce Premium Motor Spirit otherwise known as petrol, diesel and other petroleum products
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