Connect with us

Business

Port Harcourt Refinery Reportedly Exports First Cargo To Dubai

Published

1 month ago

on

The Nigerian National Petroleum Company Limited (NNPC) has marked a significant milestone with the sale of its first cargo of low-sulfur straight-run fuel oil (LSSR) from the Port Harcourt Refinery.

This initial batch was sold to Gulf Transport & Trading Limited (GTT), a Dubai-based company. The cargo, amounting to 15,000 metric tons (approximately 13.6 million litres), is set to be loaded in the coming days aboard the Wonder Star MR1 vessel.

This development signals the refinery’s operational debut and the start of Nigeria’s exportation of petroleum products from the facility.

While the export volume is relatively modest, industry experts anticipate that it could influence Very Low Sulfur Fuel Oil (VLSFO) benchmarks over time.

 

Related Topics:

Nelly Agwu is an educationist, a journalist, a Blogger, graduate of History. Very dynamic and a realist. A mouthpiece of the oppressed. Easy going and a Philanthropist.

GPBN Association

Trending