The Petroleum Product Retail Outlet Owners Association of Nigeria, PETROAN, says it is a positive development for private oil and gas firms to run the Port Harcourt refinery.
The Nigerian National Petroleum Company Limited, NNPCL, had earlier this week called for Expression of Interest, EOI, from qualified oil and gas firms to operate and maintain the Port Harcourt refinery.
Reacting to the call by NNPCL, the Rivers State Chairman of PETROAN, Francis Dimkpa in an interview with newsmen, said such a move will not only be profitable but will have economic value for the country and the host communities.
Dimkpa said with the Port Harcourt Refinery and Dangote Refinery coming on stream shortly, there will be availability of refined petroleum products and possible reduction in price across the country.
He said, “The Nigerian people should expect two things – availability of refined petroleum products, possible reduction in the pump price of petroleum products, or appropriate pricing of petroleum products in the nation.
“It may be a reduction, it may not be a reduction but there is going to be appropriate pricing.
“We are however convinced by economic indices that if these two refineries come on stream, there should be a possibility of a reduced price for petroleum products.”