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Stay current with all the latest and breaking news about Port Harcourt, Assess headlines and Views amongst news sources on stories taking place these days. In total, 76 tales have already been revealed about Port Harcourt which Ground News has aggregated previously 3 months.
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“If the refineries need to start making as they promised, then we needs to be hopeful of rate reduction. Even so, this will not materialize right away and it'll not imply that the expense of petroleum goods would crash appreciably. “But if the things they are saying now will arrive at actuality, Certainly it is going to influence the prices of refined items downward. This is due to the crude will likely be sourced in this article and it will be more cost-effective. Also the cost of importing refined solutions will probably be removed.
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” The NNPCL, and that is the manager from the refinery, had also unveiled that the 2nd stage of the power would be concluded in the fourth quarter of 2024 and would produce the refining of one hundred fifty,000bpd crude by the ability. The Team Main Executive Officer, NNPCL, Mele Kyari, defined that as of December 15, 2023, about eighty four.4 per cent of Spot-5 Plant, a vital part of the Port Harcourt refinery, and 77.4 for each cent of your entire rehabilitation job were done. “In our quest to make certain that this refinery is re-streamed to continue to provide price to Nigerians, we designed a assure that we'll reach a mechanical completion of phase one of many rehabilitation undertaking by the end of December and acquire the opposite crops jogging in 2024. Now, we have kept These commitments,” Kyari stated through the announcement in the mechanical completion on the plant. Relevant Information
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“We are done with phase one. We're going to finish stage two as promised in 2024, greatest – the last quarter of 2024,” he stated. Cost reduction imminent Oil marketers and experts stated which the commencement of functions on the Port Harcourt and Dangote refineries would lead to a reduction in the cost of refined products, but wouldn't warrant a large crash inside their charges. The Dangote refinery is projected to begin delivering refined diesel and aviation fuel from this thirty day period (January), as Nigerians Convey optimism that the price of refined goods would drop. The Countrywide Secretary with the Impartial Petroleum Marketers Association of Nigeria, Main John Kekeocha, claimed the price of refined petroleum items would drop as soon as the refineries occur on stream, but this might not take place instantly.
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