RateCaptain
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
Subscribe
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates
No Result
View All Result
RateCaptain
No Result
View All Result
Home Uncategorized

Shell Supplies 475,000 Barrels of Crude Oil to Port Harcourt Refinery

Akpan Edidong by Akpan Edidong
February 12, 2024
in Uncategorized
Reading Time: 2 mins read
A A
0
Shell Reports $6.2 Billion Profit for Q3, 2023
Share on FacebookShare on TwitterShare on WhatsappShare on Telegram

Shell Petroleum Development Company of Nigeria Limited has announced the successful completion of the supply of over 475,000 barrels of crude oil to the Port Harcourt Refining Company Limited (PHRC) through its Bonny Oil & Gas Terminal (BOGT). This initiative, according to a statement signed by Abimbola Essien-Nelson, the Media Relations Manager, is aligned with the Federal Government’s commitment to enhancing domestic refining capacity and ensuring the availability of petroleum products in the country.

The resumption of crude oil supply from BOGT to PHRC comes after a prolonged outage lasting over five years, during which the refinery underwent extensive rehabilitation and integrity activities on its supply pipeline from BOGT.

AlsoRead

Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun

Nigeria’s N20.12 Trillion 2026 Deficit Risks Crowding Out Private Sector Credit – Analysts Warn

Naira Moderates to N1,421/$ Amidst Optimistic 2026 Outlook

Dr. Osagie Okunbor, the Country Chair of Shell Companies in Nigeria and Managing Director of The Shell Petroleum Development Company of Nigeria Limited (SPDC), commended the collaborative efforts of teams from BOGT and PHRC in ensuring the success of the project. He emphasized the significance of this milestone in the nation’s renewed efforts to utilize critical infrastructures for the steady supply of petroleum products to the Nigerian market.

Okunbor further stated that future supplies from BOGT would be based on the demand for the product, highlighting the adaptive nature of the supply chain.

Osita Nnajiofor, the Bonny Terminal Installation Manager, outlined the rigorous preparations and integrity checks conducted by project teams to ensure the safety and efficiency of the refinery supply. He emphasized that these measures resulted in the successful and safe completion of the refinery supply without any harm to people, the environment, or equipment.

In conclusion, Nnajiofor highlighted the significance of the recommencement of crude oil supply from BOGT to PHRC, describing it as a game-changer for the industry and the country. He emphasized its role in supporting the federal government’s goal of ensuring a steady supply of petroleum products to the downstream market, thereby stimulating economic growth.

Port Harcourt Refinery is one of four government-owned refineries that have been inactive for years, but the government is actively working to revive them to reduce the country’s dependence on fuel imports.

 

Tags: crude oil supplyPort Harcourt RefineryShell Petroleum Development Company
Previous Post

Big Banks Slash Overdraft Fees by 25%, Yet Customers Still Pay $2.2 Billion

Next Post

Despite Loss in AFCON Final, President Tinubu Commends Super Eagles For ‘Great Resilience

Related News

Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun

Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun

by Rate Captain
April 17, 2026
0

The Minister of Finance and Coordinating Minister of the Economy, Wale Edun, has firmly stated that Nigeria has no plans...

First Bank, Ecobank, 4 Others Generate N891bn from Loan to Customers in H1 of 2023

Nigeria’s N20.12 Trillion 2026 Deficit Risks Crowding Out Private Sector Credit – Analysts Warn

by Jide Omodele
January 30, 2026
0

Nigeria’s planned N20.12 trillion budget deficit for 2026 could severely limit credit availability for the private sector, as the Federal...

Naira Strengthens as Anticipation Mounts for $10 Billion Forex Inflows

Naira Moderates to N1,421/$ Amidst Optimistic 2026 Outlook

by Stephen Akudike
January 8, 2026
0

The Nigerian Naira experienced a slight depreciation in the official market this week, closing at N1,419 per U.S. dollar on...

CBN Supplies $29.5 Million at FX Auction as Naira Depreciates at I&E Window.

Nigeria’s FX Reserves Dip by $263m, Ending Six-Month Growth Run

by Stephen Akudike
December 22, 2025
0

Nigeria’s foreign exchange reserves have recorded their first decline in nearly six months, falling by $263.15 million to $45.21 billion...

Next Post
Top Story: Tinubu Present N27.5 Trillion As 2024 Budget

Despite Loss in AFCON Final, President Tinubu Commends Super Eagles For ‘Great Resilience

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

Nigerian Breweries Reports Record N145 Billion Naira Loss in 2023

Nigerian Breweries Attributes 135% Share Price Surge to Successful Recovery Strategy

April 17, 2026
Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun

Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun

April 17, 2026

Popular Story

  • Top 6 innovative industries to watch in the Next 5 Years

    FG Introduces Green Tax on High-Engine Vehicles from July 1 to Promote Cleaner Transport

    0 shares
    Share 0 Tweet 0
  • Nigerian Breweries Attributes 135% Share Price Surge to Successful Recovery Strategy

    0 shares
    Share 0 Tweet 0
  • IMF Refuses to Endorse External or Domestic Borrowing for Nigeria.

    0 shares
    Share 0 Tweet 0
  • Nigeria Rules Out IMF Loans Despite Rising Debt Concerns – Wale Edun

    0 shares
    Share 0 Tweet 0
  • FG Takes Governors to Supreme Court Over Local Government Allocations

    0 shares
    Share 0 Tweet 0

RateCaptain

We bring you the most accurate in new and market data. Check our landing page for details.

  • Home
  • About Us
  • Privacy Policy
  • Terms & Conditions
  • Disclaimer
  • Cookie Policy
  • Contact Us

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

No Result
View All Result
  • Home
    • About Us
    • Contact Us
  • FX Rates
  • Money Market
  • Cryptocurrency
  • Commodities
  • Corporates

Copyright © 2022 RateCaptain - All rights reserved by RateCaptain.

RateCaptain
Manage Cookie Consent
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
  • Manage options
  • Manage services
  • Manage {vendor_count} vendors
  • Read more about these purposes
View preferences
  • {title}
  • {title}
  • {title}
?>