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Mon. Dec 2nd, 2024
Trending News: TRUMP APPOINTS NIGERIA-LEBANESE BUSINESSMAN ADVISOR ON ARAB MIDDLE EASTERN AFFAIRS2027: ATIKU, OBI’S PARLEY IN YOLA REIGNITES MERGER PERMUTATIONSPH REFINERY STILL OPERATING – ENGINEERS CLAIMCOURT STOPS UNN FOR CONDUCTING CONVOCATION ELECTIONGOWON, OJUKWU NEVER RECONCILED – ONOHNIGERIANS LIVING FAKE GOOD LIFE’ PRIOR TO REMOVAL OF OIL SUBSIDY – TINUBUYET-TO-BE IDENTIFIED CATHOLIC PRIEST KIDNAPPED IN ENUGUFEDERAL PENSIONERS PLAN PROTEST OVER N32,000 INCREMENTMAN LOSES WIFE, DAUGHTER IN CKC ABA STAMPEDEOBASANJO DISOWNS GOWON, SAYS HE NEVER KNEW HE TOLD ABACHA NOT TO KILL HIMA HISTORY OF ZIONIST ATROCITIES, BY FEMI FANI-KAYODECHIDIOKA ACCUSES INEC OF ELECTION RIGGING, QUITS PDPWE’RE NOT PART OF BIAFRA DECLARATION IN FINLAND – IPOBATIKU, OBI PLAY DOWN 2027 AMBITION, SAY WE’RE FRIENDSNIGERIANS TO PAY MORE FOR MTN, GLO, AIRTEL FROM DEC 13PH REFINERY SHUTS DOWN TEMPORARILYSIMON EKPA NOT BAILABLE, FOLLOWERS DECLARE UNITED STATES OF BIAFRA IN FINLANDATIKU, OBI, EL RUFAI PLAN ALLIANCE AHEAD OF 2027NIGERIA, FRANCE SIGN 300M EURO AGREEMENT ON AGRICULTURE, FOOD SECURITYPH REFINERY HALTS OPERATIONS, LOADING BAY EMPTYNLC DIRECTS WORKERS IN 13 STATES TO PROCEED ON STRIKE FROM MONDAYREACTIONS TRAIL SEYI TINUBU’S ENDORSEMENT AS LAGOS GOVERNOR FOR 2027WHY NIGERIA NEEDS TAX REFORM, BY OYEDELEPH REFINERY: NNPCL WILL FURTHER SLASH PMS PRICE – PETROANNO GOING BACK ON NIGERIA’S ECONOMIC REFORMS, TINUBU TELLS FRENCH PRESIDENT, MACRONTINUBU ASSURES OKONJO-IWEALA OF NIGERIA’S SUPPORT ON REAPPOINTMENT AS WTO DIRECTOR GENERALGUSAU UNIVERSITY CONFIRMS ODOH’S PROFESSORSHIP STATUSFIT GROUP TO CONSTRUCT HILTON GARDEN INN IN ENUGUWTO REAPPOINTS NGOZI OKONJO-IWEALA AS DIRECTOR GENERALPETROL PRODUCTION: CONTROVERSY SURROUNDS PH REFINERY, NNPCLMISUSE OF SOCIAL MEDIA FUELS INSECURITY – ARMY ALLEGESFG COMPLETES PH-ABA RAILWAY SECTION, HANDS IT OVER TO NRCPROF AZINGE RECEIVES STAFF OF OFFICE AS 14TH ASAGBA OF ASABAIMO STATE REELS UNDER DEBT: OWES N43B TO CONTRACTORS, N163B DOMESTIC BORROWING, N70B TO CBNENUGU RETIREES LANGUISH AS GOVERNOR MBAH OWES OVER N26.8B IN PENSIONS, GRATUITIESPROF UCHE LUCY ONYEKWELU EMERGIES VICE CHANCELLOR, LUX MUNDI UNIVERSITYTAX REFORM BILLS PASS SECOND READING IN SENATE AS HOUSE OF REPS GOES INTO EXECUTIVE SESSIONHOW POLICE KILLED 24 #ENDBADGOVERNANCE PROTESTERS, DETAINED OVER 1200 OTHERS, INCLUDING MINORS – AMNESTY INTERNATIONALTAX REFORM BILLS: NIGERIANS EARNING BELOW N1M EXEMPTEDNIGERIA TO CONDUCT NATIONAL CENSUS IN 2025WIKE, FUBARA ACCUMULATE HUGE DEBTS FOR RIVERS GOVTIBB, ORTOM, TAMBUWAL TOP LIST OF PUBLISHED LAND TITLE DEBTORS200 TRUCKS LOAD 150,000BP DAILY AT PH REFINERY, ELEME PLANT DORMANTFINISH COURT FIXES MAY 2025 DATE AS SIMON EKPA’S TRIALSACKED VC SUES GUSAU UNIVERSITY FOR DENYING HIS PROFESSORSHIPNIGERIANS MORE LOYAL TO ETHNIC GROUPS, THAN NIGERIA – GOODLUCK JONATHANVAT: LAGOS GETS 17%, IMO – 1.716%MAN KILLS MOTHER, GRANDMOTHER, SISTER AND CHILD FOR MONEY RITUAL IN ENGLISH COMMUNITYNORTH MUST NOT TEAR NIGERIA APART – GOWONPH REFINERY WILL CRASH FUEL PRICE, CREATE JOBS – IPMAN, PETRAONSOUTHEAST STAKEHOLDERS WANT NNAMDI KANU RELEASED, SIMON EKPA JAILEDSUPREME GIVES FINAL VERDICT ON AUTHENTIC APGA NATIONAL CHAIRMANOUR MARKETERS PAID N1,045/LITRE FOR PH REFINERY’S PETROL, SAYS PETROANUPROAR IN SENATE OVER TINUBU”S TAX REFORM BILLSEBONYI GOVT APPROVES PRIVATIZATION OF MEDIA OUTFITSYAHAYA CREATES SCENE AS JUDGE ANGRILY LEAVES COURTROOMPH REFINERY OPERATING AT 70% CAPACITY, TO BLEND 1.4M LITRES OF PETROL PER DAYAHEAD OF 2027, ATIKU, OBI MULL NEW POLITICAL PARTYTINUBU WILL RELEASE NNAMDI KANU – BIANCA OJUKWUOBASANJO LAMENTS DEATH RUMOUR CIRCULATING IN SOCIAL MEDIA, SAYS ‘I’M ALIVE’TRUTH ABOUT THE IGBO NOT SELLING LAND TO NON-IGBOCONTROVERSY OVER PETROL PRODUCTION FROM PORT HARCOURT REFINERY: NNPCL NOT PRODUCING – REPORT; IT’S MISLEADING CLAIMS, WE’RE PRODUCING – NNPCENUGU TO LAUNCH AIRLINE AS GOV MBAH PRESENTS N971.8B FOR 2025WILL PRICE OF PETROL DROP?, NIGERIANS ASK AS PORT HARCOURT REFINERY BEGINS OPERATIONBREAKING: EFCC ARRESTS YAHAYA BELLOEBONYI GOVERNOR, NWIFURU, SUSPENDS TWO COMMISSIONERS, OTHERSPORT HARCOURT, WARRI, KADUNA REFINERIES TO BE PRIVATIZED – PRESIDENCYEND OF DARK TUNNEL: PORT HARCOURT REFINERY COMMENCES CRUDE OIL PROCESSINGOPEN LETTER TO SOUTHEAST SENATORS, HONOURABLE MEMBERS OF HOUSE OF REPRESENTATIVES, OHANAEZE YOUTH COUNCILNIGERIA WOULD HAVE BEEN BETTER UNDER PETER OBI – ABARIBEWHY NIGERIANS ARE POORER AMID GDP GROWTH -ECONOMISTSZAMANI LEKWOT: HOLDING JUDICIAL, MILITARY TERRORISM TO JUSTICE, BY OWEI LAKEMFAYOU FAILED TO SUPPORT, PARTICIPATE IN IFEANYI UBA’S BURIAL – FAMILY ACCUSES SENATENIGERIAN ARMY COMPLAINS ABOUT DWINDLING RESOURCESSENATORS KNOCK TINUBU’S GOVT OVER BORROWING DESPITE EXCEEDING REVENUE PROJECTIONSTHEY SAY THEY WANT BIAFRA, YET THEY KILL, KIDNAP THEIR BROTHERS – BISHOP LAMENTS OVER KILLINGS IN SOUTH EASTAUDITOR GENERAL OF THE FEDERATION UNCOVERS N197.72B FRAUD IN CBN, OTHER MDAS1.5M ENUGU LG WORKERS GROAN OVER WITHHELD SALARIES AFTER VERIFICATION EXERCISEENUGU SHINES AT UK BUSINESS FORUMWHY NIGERIANS ARE GETTING POORER BY DELE SABOWALEENUGU RESIDENTS GROAN AS RESIDENTS RESORT TO TREKKINGNGO HOLDS TOWN HALL MEETING FOR SOUTH EAST JOURNALISTSCONCERN OVER PUTIN’S HEALTH, HAS NOT BEEN SEEN FOR TWO WEEKSHOW NIGERIAN LEADERS BECAME PRESIDENT BY ACCIDENT, NOT PREPARED FOR THE JOB – KUKAHWIKE ORDERS DISSOLUTION OF SPECIAL COURT OF APPEAL THAT GAVE FAVOURABLE JUDGEMENT ON RIVERS STATE LGA ELECTIONS – SAHARAREPORTERSOLDEST CATHOLIC PRIEST IN NIGERIA DIES AT 104, OBASEKI MOURNSPRESIDENCY LOBBIES NATIONAL ASSEMBLY OVER TAX REFORM BILLSDANGOTE REFINERY NOW SELLS FUEL AT N970/LITREFOUR FACTS THAT MAKE SOUTH AFRICA THE TRUE GIANT OF AFRICAENUGU GOVT GIVES DECEMBER DEADLINE FOR COMMENCEMENT OF COAL MINING OPERATIONSSENATE PRESIDENT AKPABIO, PRAISES THE IGBO FOR INDUSTRY, SELF-RELIANCESINS OF SIMON EKPA, SO-CALLED PRIME MINISTER OF BIAFRA IN EXILEYAHAYA BELLO BETRAYED BY TRUST, REDEEMED BY CHOICE BY ABDUL MOHAMMED LAWALHUNGER IN THE LAND: THIEVES INVADE CHURCH, STEAL HARVEST COWSTHERE’S CONSPIRACY AGAINST ME – DANIEL BWALAPDP GOVERNORS GIVE DAMAGUM, NWC THREE MONTHS TO CALL NEC MEETINGNIGERIANS CALL FOR REUBEN ABATI’S SACK OVER BIGOTRY REMARKS AGAINST THE IGBO140 YEARS AFTER THE BERLIN WEST AFRICA CONFERENCE BY CHIDI ANSELM ODINKALU & CHEPKORIR SAMBUPOLICE INVADE NATIVE DOCTOR’S SHRINE IN ANAMBRA ARREST TWO SUSPECTS FOR KIDNAPPINGFROM ENUGU TO OXFORD, INSPIRING STORY OF NIGERIA’S FIRST-CLASS GRADUATE
Mon. Dec 2nd, 2024

PH REFINERY WILL CRASH FUEL PRICE, CREATE JOBS – IPMAN, PETRAON

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PH REFINERY WILL CRASH FUEL PRICE, CREATE JOBS – IPMAN, PETRAON

Stakeholders in the oil and gas industry have said the commencement of production at the Port Harcourt Refining Company will engender competition, crash the pump price of petroleum products and create jobs for Nigerians.
Recall that the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari had on Tuesday inaugurated a 60,000 barrel per day capacity plant at the old Port Harcourt Refinery Deport.
During the event, Kyari said the other sections of the refinery will be completed in due course.
The stakeholders, including the Independent Petroleum Marketers Association of Nigeria, said this while speaking with newsmen at the sideline of resumption of production at the Port Harcourt Refinery and loading of trucks at the facility located in Eleme, Rivers State on Tuesday.
The IPMAN Chairman in Rivers State, Tekena Ikpaki, said the coming on stream of the Port Harcourt Refinery while confirming the loading of products into trucks while describing it as a remarkable achievement.
Ikpaki stated, “This will remain memorable in our lives and in our hearts because it has been long expected.
“Now it is no longer expected, it is real, it can be seen and felt. Trucks have been coming in and loading out and we have been witnessing the process.”
Asked what the operation of the Port Harcourt Refinery and the Dangote Refinery together mean for the downstream sector, he said it will engender competition and reduce the cost of petroleum products.
Tekena stated, “You know in God’s time He makes all things beautiful and this is just the best thing that will happen to Nigerians. I mean there is super competition now in the system which is in favour of the entire Nigerians.
“When Dangote and the NNPCL are at loggerheads and they are competing, who enjoys the dividends? Of course you and I. So I believe that since the refinery has come on stream, Dangote is there too, it will further push down the price of products.
“Over the weekend, Dangote had announced price reduction both on the marine and trucking, coming from perhaps the resumed operation of the Port Harcourt Refinery. So I think price reduction will be experienced and it will be in our favour and the favour of Nigerians.”
While expressing the optimism that more trucks are expected to come into the facility to load products in the coming days, saying the event of Tuesday was a test run.
“Yes because it is still a test run. You know the place (Refinery) has been moribund for some time. For now, it is still hypothetical but in no distant time everything will be in its proper place and the inflow of trucks will be seen again the way it used to be, ” the Rivers State IPMAN Chairman said.
On its part, the Petroleum Product Retail Outlet Owners Association of Nigeria said the commencement of production after five years will create job opportunities, boost the nation’s economy and bring about competition in the downstream sector.
The National Public Relations Officer of PETROAN, Joseph Obelle said this also corroborated the opinion of IPMAN that it will lead to a reduction in the price of Premium Motor Spirit also known as Petrol.
Obellei further said the association will continue to work with the management of the NNPCL, retail management and other stakeholders to ensure that products lifted at the Port Harcourt Refinery depot are well distributed to all nooks and crannies of the nation.
He commended President Bola Tinubu and the management of the NNPCL for their commitment to reviving the refinery.
He added, “PETRAON expresses optimism for the commencement of production at the Port Harcourt Refinery.
“We are so sure that it will offer job opportunities, boost the economy of the country and trigger competition in the downstream sector which we reflect significantly to price reduction.
“We want to commend the leadership of the NNPC led by the Group CEO, Mele Kyari for demonstrating leadership with his team towards seeing the Port Harcourt Refinery becoming a reality.”
Obelle added, “Funding would have been an issue if not for the determination of Mr President. So we also commend President Bola Tinubu for releasing funds for the Port Harcourt Refinery rehabilitation”
He lauded the host communities for providing a peaceful atmosphere for the rehabilitation of the refinery and called on the company handling the reconstruction of the Eleme section of the East-West Road to ensure speedy completion of the road for smooth movement of trucks carrying petroleum products from the refinery to other parts of the country.

    • Dons Eze

    DONS EZE, PhD, Political Philosopher and Journalist of over four decades standing, worked in several newspaper houses across the country, and rose to the positions of Editor and General Manager. A UNESCO Fellow in Journalism, Dr. Dons Eze, a prolific writer and author of many books, attended several courses on Journalism and Communication in both Nigeria and overseas, including a Postgraduate Course on Journalism at Warsaw, Poland; Strategic Communication and Practical Communication Approach at RIPA International, London, the United Kingdom, among others.

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