The President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Dr. Billy Giles-Harry, has announced that the Port-Harcourt refinery has begun production, while the Warri refinery is 90% complete.
Giles-Harry revealed that the Port-Harcourt refinery, with a capacity of 60,000 barrels per day, has started the production process, while the Warri refinery is nearing completion. He commended the Nigerian government and the NNPC for their efforts in rehabilitating the refineries.
"We have to have a new business model for how our refineries operate. We should not leave it strictly to government, and I think that the government should work out a new business model where the private sector is directly involved," Giles-Harry said.
He emphasized the need for private sector participation in the management of government-owned refineries to ensure their sustainability.
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