Minister of State for Petroleum Resources, Timipre Sylva, says Port Harcourt refinery, which is the country’s largest refinery will become operational by December.
Briefing journalists in Abuja after the weekly FEC meeting, the minister stated that the rehabilitation of the refineries is ongoing.
According to him, works in the Kaduna and Warri refineries are also progressing well.
The Federal Executive Council had in 2021 approved $1.5 billion for resuscitating the 60,000 barrels per day refinery which was shut in March 2019.
Sylva added that the council approved N2.044 billion for the provision of internal roads and drainages at the Nigerian Content Development and Monitoring Board’s Gas hub in Bayelsa.
According to Mr Sylva, the gas hub was meant to encourage the development of countries that will process the Nigerian gas for export as well as promote the use of gas internally.
The contract to construct internal roads and bridges in the Nigerian Content Development and Monitoring Board’s Gas hub located at Polaku in Bayelsa was also approved by council.
”The contract sum is N2.044 billion.
“The gas hub is to encourage the development of companies that will process and develop our gas for export and to try to deepen the use of gas internally as well as construct gas cylinders.
“Already there are companies that are in the gas hub. So, these drainages and roads.
”The entire development of that area is to encourage more companies to come into the area in furtherance of our commitment to the decade of gas from 2021 to 2030 as declared by the president,” Sylva added.