"PORT HARCOURT REFINERY 90% READY, CAN RESTART IN ONE WEEK"

"PORT HARCOURT REFINERY 90% READY, CAN RESTART IN ONE WEEK" - PENGASSAN

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PENGASSAN says the old Port Harcourt Refinery is 90% rehabilitated and can resume operations within a week if approved by NNPC Ltd. However, profitability concerns may be delaying its restart.

Osifo, however, insisted that the refinery is technically ready to function and that the delay in restarting operations is tied more to profitability concerns than mechanical challenges.

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