By Biola Lawal
Abuja (Flowerbudnews): NNPC Ltd.’s move to enhance local refining capacity has been boosted with signing of share subscription agreement between the Port Harcourt Refining Company (PHRC) and African Refinery.
The deal is for the co-location of a 100,000bpd capacity refinery within the PHRC complex.
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NNPCL said in a post on its official X handle that the signing of the agreement ‘:is a significant step towards setting in motion the process of building a new refinery which, when fully operational, will supply PMS, AGO, ATK, LPG, and other petroleum products to the local and international markets,”
It added that the new refinery would also provide employment opportunities for Nigerians. (Flowerbudnews)
