The Nigerian National Petroleum Company Limited (NNPCL) has clarified that products from the recently revived Port Harcourt Refinery Company (PHRC) are designated exclusively for its retail outlets, contrary to speculations about bulk sales.
The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, made this disclosure on Wednesday, stating that the refinery has not yet commenced bulk sales nor activated its purchase portal.
He added that the company continues to market products sourced from the Dangote Refinery and Petrochemicals, which include Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) fees.
The announcement comes amidst heightened interest in the refinery’s operations following its restart after years of inactivity. The refinery, which is currently producing 60,000 barrels per day, is expected to significantly reduce Nigeria’s dependency on imported petroleum products.
He said: “We have not yet commenced bulk sales, and we have not yet opened the purchase portal as we are still finalizing the necessary processes.
“At present, the products we are selling are what we bought from the Dangote Refinery, which includes NMDPRA fees. The product from Port Harcourt is currently for our retail stores. Our prices are regularly reviewed and adjusted as required.”
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