{"id":29469,"date":"2021-04-08T10:33:21","date_gmt":"2021-04-08T09:33:21","guid":{"rendered":"http:\/\/thefreezonechannel.com\/?p=29469"},"modified":"2021-04-08T10:33:21","modified_gmt":"2021-04-08T09:33:21","slug":"rehabilitation-of-port-harcourt-refinery-excites-ipman","status":"publish","type":"post","link":"https:\/\/thefreezonechannel.com\/old\/rehabilitation-of-port-harcourt-refinery-excites-ipman\/","title":{"rendered":"Rehabilitation of Port Harcourt refinery excites IPMAN"},"content":{"rendered":"\n<p>Tanko Mohammed<\/p>\n\n\n<p>The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery.<br \/><br \/><\/p>\n\n\n<p>IPMAN\u2019S president, Mr Chinedu Okoronkwo, said in Lagos that having functional refineries was in the best interest of the nation.<br \/><br \/><\/p>\n\n\n<p>Nigerian National Petroleum Corporation (NNPC) and an Italian company, Tecnimont SpA, had on Tuesday signed an agreement for the rehabilitation of the 210,000BPD refinery at a sum of 1.5 billion dollars.<br \/><br \/><\/p>\n\n\n<p>The rehabilitation project has a completion timeline of between 18 and 44 months under a three-phase arrangement.<br \/><br \/><\/p>\n\n\n<p>Okoronkwo said: \u201cWe believe that rehabilitation of the PH refinery is a welcome development because it has been in a moribund state for some time.<br \/><br \/><\/p>\n\n\n<p>\u201cSo it is better to rehabilitate it than selling it off as scrap even if it is to be sold.<br \/><br \/><\/p>\n\n\n<p>\u201cHaving a functional refinery will help Nigeria a lot. By the time we start refining locally, it will reduce freight cost of petroleum products.<br \/>\u201cIt will also boost employment creation because it will create direct and indirect jobs for Nigerians.\u201d<br \/><br \/><\/p>\n\n\n<p>He, however, urged the government to ensure that the timeline for the completion of the project is followed.<\/p>\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tanko Mohammed The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery. IPMAN\u2019S president, Mr Chinedu Okoronkwo, said in Lagos that having functional refineries was in the best interest of the nation. Nigerian National Petroleum Corporation (NNPC) and an Italian company, Tecnimont SpA, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1367,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[126],"tags":[291],"class_list":["post-29469","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trade-and-industry","tag-refinery","has-post-title","has-post-date","has-post-category","has-post-tag","has-post-comment","has-post-author",""],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Rehabilitation of Port Harcourt refinery excites IPMAN - The Freezone Channel<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/thefreezonechannel.com\/old\/rehabilitation-of-port-harcourt-refinery-excites-ipman\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Rehabilitation of Port Harcourt refinery excites IPMAN - The Freezone Channel\" \/>\n<meta property=\"og:description\" content=\"Tanko Mohammed The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery. IPMAN\u2019S president, Mr Chinedu Okoronkwo, said in Lagos that having functional refineries was in the best interest of the nation. 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