testercika
Home Business NNPC Faces Backlash Over Alleged Lies About Port Harcourt Refinery Operations
Business

NNPC Faces Backlash Over Alleged Lies About Port Harcourt Refinery Operations

Share
Tinubu Announces Date Port Harcourt Refinery Will Commence Operations
President Bola Tinubu has assured that the Port Harcourt Refinery will commence operations by December 2023
Share

The Nigerian National Petroleum Company Limited (NNPCL) has come under heavy scrutiny following allegations that it misled the public about the true operational status of the Port Harcourt Refinery.

Despite claims from the NNPCL on Tuesday that the refinery had begun processing crude oil and delivering petroleum products, sources within the refinery have disclosed that the facility is far from operational.

Top insiders at the refinery told SaharaReporters that rather than processing crude oil into Premium Motor Spirit (PMS), the refinery has instead been blending “Cracked C5 petroleum resins” with other products, including Naphtha, to create a mixture that is then sold to the public.

These sources categorically denied that the refinery was producing PMS or any significant quantities of petroleum products.

ATTENTION: Click HERE to join our WhatsApp group and receive News updates directly on your WhatsApp!

“The plant is running, but it is the old one with a 60,000 barrels per day (bpd) capacity. However, it cannot produce PMS as claimed by NNPCL. The section capable of producing PMS is yet to begin operations,” a refinery source explained.

Further details revealed that the refinery had purchased Cracked C5 from Indorama Petrochemicals, a local company, which was then blended with Naphtha to simulate refined fuel. Cracked C5, described as modified petroleum resins, is not a product of crude oil refining but a synthetic compound used in industrial applications.

NNPCL’s statement, backed by video footage showing trucks branded with the company’s logo, had initially suggested that crude oil processing at the Port Harcourt Refinery had commenced, with products like PMS, Automotive Gas Oil (AGO), and Household Kerosene (HHK) being dispatched. However, sources within the refinery cast doubt on this, stating that the refinery’s operational capacity was limited to producing only diesel.

 

“The NNPCL has been selling this mixture as though it was refined fuel, but the truth is the refinery is not producing PMS as they claim,” another source said. “They are simply blending imported chemicals and passing it off as locally produced fuel.”

READ ALSO: Alleged Sale Of Blended Fuel: CSO Challenges NNPCL Over Port Harcourt Refinery

The Port Harcourt Refinery, built in 1965 with an original capacity of 60,000 bpd, has long struggled with operational inefficiencies. A new refinery, built in 1989 and with a capacity of 150,000 bpd, is still not ready for full-scale operations, with some experts predicting that it may not be functional until 2026.

In light of these revelations, King Kyari, the Group CEO of NNPCL, has faced criticism for the ongoing delays and misleading public statements about the refinery’s readiness.

Critics argue that despite the government’s promises, the impact on the nation’s fuel supply has been minimal, with many Nigerians seeing little improvement in the availability or pricing of petroleum products.

Share

Leave a comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Related Articles
Naira Strengthens Slightly to N1,598.72/$ Amid Renewed Forex Stability Hopes | Daily Report Nigeria
Business

Naira Strengthens Slightly to N1,598.72/$ Amid Renewed Forex Stability Hopes

The Naira appreciated slightly against the U.S. Dollar, closing the week at...

FAAC Boosts Allocation to N1.681 Trillion in April Amid Rise in Oil, VAT Revenue | Daily Report Nigeria
Business

FAAC Boosts Allocation to N1.681 Trillion in April Amid Rise in Oil, VAT Revenue

FAAC shared N1.681 trillion in April 2025 revenue among the Federal Government,...

Nigeria’s Inflation Drops to 23.71% in April | Daily Report Nigeria
Business

Nigeria’s Inflation Drops to 23.71% in April

Nigeria’s inflation rate declined to 23.71% in April 2025, from 24.23% in...

Nigerian Startups Shine on Financial Times' Africa's Fastest-Growing Companies List | Daily Report Nigeria
Business

Nigerian Startups Shine on Financial Times’ Africa’s Fastest-Growing Companies List

Six Nigerian startups have been listed on the Financial Times’ 2024 ranking...

RocketplayRocketplay casinoCasibom GirişJojobet GirişCasibom Giriş GüncelCasibom Giriş AdresiCandySpinzDafabet AppJeetwinRedbet SverigeViggoslotsCrazyBuzzer casinoCasibomJettbetKmsauto DownloadKmspico ActivatorSweet BonanzaCrazy TimeCrazy Time AppPlinko AppSugar rush