PETROAN demands guaranteed crude oil supply before Port Harcourt, Warri restart
By Udeme Akpan, Energy Editor The planned revival of Nigeria’s Port Harcourt and Warri refineries could face a critical test beyond rehabilitation and technical completion, as the Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has demanded guaranteed crude supply to ensure the plants operate sustainably after restart.
The association wants the agreement to include completion deadlines, throughput guarantees, availability thresholds, liquidated damages for non-performance, disclosure of equity and capital commitments, independent technical due diligence and guaranteed crude supply.
The demand comes against the backdrop of Nigeria’s difficulties in translating its Domestic Crude Supply Obligation, DCSO, into actual deliveries to local refineries.
This is a summary of the original articles listed below. Always read the source articles for the full context. GhanaSummary does not create or modify the news — we summarise and link to original publishers.
