Queue at the filing station The President, Petroleum Products Retailers Owners of Nigeria( PETROAN), Dr Billy Gills Harry, says the reduction of the product, by the Nigerian National Petroleum Company Limited( NNPCL) is good for the nation'struggling economy, as it would help in soften the difficult situations posed by the sharp rise in the price of petroleum products. While reacting to the issue through a statement issued and signed to the NEWSMIRROR yesterday, Harry said that the slight reversal of the price by NNPCL shows that the government is committed to the alleviation of the problems of the masses. According to him, the reduction in the price per litre of Petrol Motoring Spirit( PMS) from N1,020 per litre to N899 per litre is good, adding that the country will soon get over its problem, if the readjustment of the economy continues. Also, PETROAN's Public Relation Officer, Dr Joseph Obele said that Dangote Petroleum Refinery had earlier started the r...
By Favour Ifeoluwa & Akinola Ajibade
The Shell Petroleum Development Company Nigeria Limited, has supplied 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited ( PHRC).
The firm supplied the crude through its Bonny Oil & Gas Terminal (BOGT),in a manner which signalled resumption of activities to the refinery, which for the past five years underwent rehabilitation and integrity activities on its supply pipeline from BOGT.
In a statement issued yesterday ( Monday) to the News Mirror, Shell quoted its Country Chair and Managing Director, Dr. Osagie Okunbor, as saying that “Teams from BOGT and PHRC worked through intensive preparations, collaboration, and dedication to make the project successful. This is indeed a significant step in the nation’s renewed efforts to utilise key infrastructures to assure the steady supply of products from the refining company to the Nigerian market.”
Okunbor said, “Future supplies from BOGT would be guided by the demand for the product.”
Bonny Terminal Installation Manager, Osita Nnajiofor, said, “Before implementing the supplies of the product to the refining company, the project teams first assured the integrity of pipelines relevant to NNPC Limited subsidiaries and integrity and maintenance activities on the BOGT refinery export pumps (which had been shut down for an extended period).”
He said, “These actions resulted in the successful and safe completion of the refinery supply with no harm to people, environment, or equipment.”
“The recommencement of crude oil supply from the Bonny Oil and Gas Terminal to the Port Harcourt Refining Company Limited is a significant achievement and a game-changer for the industry and the country and will support federal government’s aspiration of steady supply of petroleum products to the downstream market and other associated benefits to the economy of the nation,” he added.
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