NewsFG Raises Concern Over Crude Shortage For Port Harcourt, Other Refineries

FG Raises Concern Over Crude Shortage For Port Harcourt, Other Refineries


March 27, (THEWILL)- The Federal Government has expressed concern that the rehabilitated Port Harcourt Refinery and others, including the modular refineries, may not have access to enough crude oil locally to produce petroleum products without an increase in sector production.

Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, expressed this concern on Tuesday, while speaking at the ministry’s 2024 sector retreat in Abuja.

Tagged: “Building Synergy for Enhanced Development in the Oil and Gas Sector”, the minister said the purpose of the retreat was to talk about how to carry out the goals and directives that President Bola Tinubu laid forth for the ministry during the November 2023 ministerial retreat.

He said, “The first target is to see how we can ramp up production, and then we can meet our target in terms of increase in revenue, meet our obligation in the mid-stream and upstream.

“One of the challenges I am afraid of is, if we finish fixing our refineries, we will be unable to get feedstocks. It will be very embarrassing that we finish Port Harcourt, Kaduna, Warri Dangote and BUA and we don’t have feedstocks.”

About the Author

Recent Posts
Ask ZiVA 728x90 Ads

More like this

Borno Committed To Agricultural Development – Zulum

April 16, (THEWILL) - Borno State Governor, Babagana Umara...

Dortmund Reach UCL Semis After Beating Atlético Madrid

April 16, (THEWILL) - Borussia Dortmund have reached the...

PSG Overturn Deficit Against Barcelona To Reach UCL Semis

April 16, (THEWILL) - Paris Saint-Germain turned the tables...