· 
The Nigerian National Petroleum Corporation (NNPC), has announced that
the Port Harcourt and Warri refineries are operational. This followed a
nine-month rehabilitation exercise conducted by the NNPC’s engineers and
technicians.
It
said that the plants had commenced preliminary production of petroleum products
after successful test-runs, adding that while the refinery in Port Harcourt was
ramping up its operation to about 60 per cent of its 210,000 barrels per day
(bpd) capacity, Warri’s was projected to hit 80 per cent of its installed 125,000
bpd capacity.
The
NNPC said the Port Harcourt refinery was projected to boost the nation’s local
refining capacity, with a product yield of five million litres of petrol per
day, while Warri refinery would contribute 3.5 million litres of petrol.
Providing
insight into the rehabilitation exercise, the NNPC noted that it had to adopt
the phased rehabilitation strategy after the original refinery builders, who
were initially contacted for the project offered unfavourable terms.
The NNPC stated that the nominated partners, as sole-bidders, came up
with ridiculous price offers after two years of thorough and exhaustive scope
of work definition and price negotiations.
It
added that the proxies were also unwilling to provide post- rehabilitation
performance guarantees.
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