Nigerian oil company the Nigerian National Petroleum Corporation (NNPC) has launched a tender inviting private operators to operate and maintain the West African country’s Port Harcourt oil refinery.
The tender aims to engage operations and maintenance companies that will ensure reliability and sustainability at the refinery to meet Nigeria’s fuel supply needs while ensuring energy security.
The scope of the contract will cover various refinery business processes, including optimization of operations, maintenance, health and safety, and environmental management.
What’s more, prospective operators will need to demonstrate a minimum average annual turnover of at least $2 billion since 2019, a current credit rating, and experience in refinery management.
In December 2023, Nigeria’s government announced that rehabilitation of the refinery had been completed and that the first phase of the plant will target a refining capacity of 60,000 barrels of oil per day (bpd).
Production of the refinery is expected to begin in the first quarter of this year, reaching its full capacity of 210,000 bpd by no later than Q4 2024.
