Port Harcourt Refinery Truly Back To Life But It’ll Not Reduce Petrol Price- PENGASSAN President 

The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), has confirmed that the Port Harcourt refinery is truly back to life and  has begun to produce refined petroleum products, including diesel, kerosene, and petrol.

Team@orientmags.com learned that PENGASSAN National President, Mr Festus Osifo made this assertion during the association’s National Executive Council Meeting in Abuja on Tuesday.

 Recall that the authenticity of the media reports  and the declarations  by the presidency and the NNPCL  that the refinery has been revived  had been a subject of debate.

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Mr Osifo  however told  the PENGASSAN leaders that the refinery is truly back to life  while adding that additional maintenance is  however still needed to make it fully functional.

He  also clarified that the refinery in question coming back to life will not necessarily result in reduction of petrol price.

‘The confirmation I have today is that the refinery is working. However, I need to explain the refining process. Firstly, we appreciate Nigerians for holding the government accountable, as we must ensure the workability of our assets. We cannot just accept everything the government tells us; we must verify it.

 We are also pleased with the efforts made by the media to keep the government accountable regarding the refinery’s progress. We conducted checks with our members working there. The fractional distillation unit, commonly known as the CDU, processes crude oil by heating it at different temperatures to produce various products’ he said.

Osifo further explained that while the Port Harcourt refinery produces diesel, kerosene, and naphtha, the refining process for petrol is still incomplete.

‘Maintenance is ongoing, and naphtha is currently being blended with other materials to produce petrol, but the unit that produces reformate, a key ingredient, is still being fixed’  he said

He also noted that the refinery getting revived will help to create jobs and boost the economy, but will not result in reduction of fuel prices citing a weak naira.

‘The greatest challenge is the weakness of our currency.

With the naira trading at 1 dollar to 1,700 naira, the cost of goods, including petroleum products, will remain high’ he added-Team@orientactualmags.com  Do you have any information you wish to share with us? Do you want us to cover your event or programme? Kindly send SMS to 08059100286, 09094171980 or get in touch via orientactualmag@gmail.com.  Thank you