The Nigerian National Petroleum Company Limited (NNPCL) has unfolded plans to engage credible operations and maintenance companies to operate and maintain the Port Harcourt refinery.
Bidding organisations are expected to have an average annual turnover of at least $2 billion for the financial years ending: 2019, 2020, 2021, and 2022, respectively.
According to the SA to President Bola Tinubu on Social media, Data Olusegun, the contract scope of engagement shall cover refinery business processes like long-term and short-term production/operations planning; production and operations execution; monitoring, reporting, and optimisation of operations; maintenance execution; health and safety; environmental management; minor projects among others.
The 210,000 bpd facility is expected to be fully renovated by the 4th quarter of 2024, with the first phase (60,000 bpd) now ready for production.
Meanwhile, seven major oil marketers in Nigeria have enrolled with the Dangote Petroleum Refinery to distribute refined petroleum products from the $20 billion plant.
Major Oil Marketers Association of Nigeria (MOMAN) members will initiate fuel distribution upon finalizing commercial terms.
Also, he disclosed that the Independent Petroleum Marketers Association of Nigeria (IPMAN) plans to discuss loading terms with the refinery.
MOMAN’s registered members, including 11 Plc, Conoil Plc, Ardova Plc, MRS Oil Nigeria Plc, OVH Energy Marketing Limited, Total Nigeria Plc, and NNPC Retail, are poised to purchase and distribute products from the refinery, which can load 2,900 trucks daily and adheres to Euro V specifications.
“Dangote’s refinery design adheres to standards set by the World Bank, US EPA, European emission norms, and Department of Petroleum Resources emission/effluent norms, utilizing advanced technology.
“Likewise, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) noted that the association has been in discussions with the management of the multi-billion dollar refinery regarding the supply of products from the facility,” he said.
Speaking with the Nigerian Tribune on Monday in Abuja, the National Spokesperson of the Independent Petroleum Marketers Association of Nigeria (IPMAN), Chinedu Ukadike said the new development will foster competition and reduction in price of product.
“NNPCL has been the sole importer of Petroleum products who does not give anyone opportunity to be able to source their Petroleum products.
“The game has started, there must be competition and by this, price of Petroleum products will come down since the issue of logistics and vessel importation and dollar discounting and exchange will not come into play.
“With the capacity of the Dangote refinery, this can feed the nation and also remain for export. The National Executive Council is putting up efforts to ensure that we have one of the offtakers,” he said.