The Independent Petroleum Marketers Association of Nigeria (IPMAN) has hailed the Nigerian National Petroleum Company Ltd over the commencement of refining of petroleum products from the Port Harcourt Refinery......Read The Full Article>>.....Read The Full Article>>
The refinery commenced operation on Tuesday sparking optimism among stakeholders in the oil sector and Nigerians, who hailed NNPCL’s determined efforts to refine fuel locally for domestic use.
Commending the NNPCL, IPMAN chairman in Rivers State, Tekena Ikpaki, while addressing newsmen on Tuesday at the refinery site, expressed excitement over the resumption of the refinery, predicting a reduction in petroleum prices.
According to Ikpaki, the commencement of operations at the Port Harcourt refinery marked the end of monopoly in the industry, as there will now be competition between the refinery and Dangote.
This competition, he believes, will drive down prices and benefit Nigerians.
“There is competition in the system which is in favour of the entire Nigerians,” he said.
He expressed confidence that there will be price reduction, which will benefit the entire nation.
The IPMAN chairman confirmed that trucks on Tuesday morning have been loading and departing from the refinery despite it being a test run.
He acknowledged that the refinery’s full capacity has not yet been reached but expressed optimism that it will soon be fully operational.
