The Commanding Officer of the FOB Escravos, Navy Capt. Ikenna Okoloagu, disclosed this to journalists in Warri, saying that the achievements were made possible through credible intelligence. He added that naval personnel recovered approximately 11,200 litres of stolen crude oil from the illegal refining sites. He said, “The significant operational successes in the fight against […]
PHRC has two plants including the 60,000bpd facility, and the 150,000bpd plant. Onanuga who also said the 60,000bpd refinery is operating at 70 per cent of installed capacity and plans to increase production shortly added that the refinery receives regular crude oil contrary to claims of lacking the product. He disclosed this after joining a […]
The Port Harcourt Refining Company Ltd in Rivers State has commenced crude oil processing.
Adedeji disclosed this justifying why President Tinubu ordered the Nigerian National Petroleum Company Limited to sell crude in Naira. He noted on a month-on-month basis, the decision will reduce foreign expenditure by roughly $660 million. The FIRS boss stressed that the move by the President would cut down on Nigeria’s heavy reliance on foreign exchange […]