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Port Harcourt Refining Company
The Port Harcourt Refining Company, (abbreviated PHRC), is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State, southeastern Nigeria. The company is a subsidiary of the Nigerian National Petroleum Corporation NNPC Limited is a for profit oil company in Nigeria. Formerly a government-owned corporation, it was transformed from a corporation to a limited liability company in July 2022. NNPC Limited is the only entity licensed to operate in the country ... (NNPC). Located in Alesa Eleme just to the southeast of Port Harcourt, the company operates two oil refineries, including an old plant commissioned in 1965 that can process per stream day, as well as the new plant commissioned in 1989, which has a capacity of per stream day. Both oil refineries possess a combined capacity of per stream day making PHRC the "biggest oil refining company in N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
State-owned Enterprise
A state-owned enterprise (SOE) is a Government, government entity which is established or nationalised by the ''national government'' or ''provincial government'' by an executive order or an act of legislation in order to earn Profit (economics), profit for the Government, government, control monopoly of the Private sector, private sector entities, provide products and services to citizens at a lower price and for the achievement of overall financial goals & developmental objectives in a particular country. The national government or provincial government has majority ownership over these ''state owned enterprises''. These ''state owned enterprises'' are also known as public sector undertakings in some countries. Defining characteristics of SOEs are their distinct legal form and possession of Profit (economics), financial goals & developmental objectives (e.g., a state railway company may aim to make transportation more accessible and earn profit for the government), SOEs ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Product
Petroleum products are materials derived from crude oil (petroleum) as it is processed in oil refineries. Unlike petrochemicals, which are a collection of well-defined usually pure organic compounds, petroleum products are complex mixtures. The majority of petroleum is converted to petroleum products, which includes several classes of fuels. According to the composition of the crude oil and depending on the demands of the market, refineries can produce different shares of petroleum products. The largest share of oil products is used as "energy carriers", i.e. various grades of fuel oil and gasoline. These fuels include or can be blended to give gasoline, jet fuel, diesel fuel, heating oil, and heavier fuel oils. Heavier (less volatile) fractions can also be used to produce asphalt, tar, paraffin wax, lubricating and other heavy oils. Refineries also produce other chemicals, some of which are used in chemical processes to produce plastics and other useful materials. Since petr ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Energy In Rivers State
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of heat and light. Energy is a conserved quantity—the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The unit of measurement for energy in the International System of Units (SI) is the joule (J). Common forms of energy include the kinetic energy of a moving object, the potential energy stored by an object (for instance due to its position in a field), the elastic energy stored in a solid object, chemical energy associated with chemical reactions, the radiant energy carried by electromagnetic radiation, and the internal energy contained within a thermodynamic system. All living organisms constantly take in and release energy. Due to mass–energy equivalence, any object that has mass w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Landmarks In Port Harcourt
A landmark is a recognizable natural or artificial feature used for navigation, a feature that stands out from its near environment and is often visible from long distances. In modern use, the term can also be applied to smaller structures or features, that have become local or national symbols. Etymology In old English the word ''landmearc'' (from ''land'' + ''mearc'' (mark)) was used to describe a boundary marker, an "object set up to mark the boundaries of a kingdom, estate, etc.". Starting from approx. 1560, this understanding of landmark was replaced by a more general one. A landmark became a "conspicuous object in a landscape". A ''landmark'' literally meant a geographic feature used by explorers and others to find their way back or through an area. For example, the Table Mountain near Cape Town, South Africa is used as the landmark to help sailors to navigate around southern tip of Africa during the Age of Exploration. Artificial structures are also sometimes built to a ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Manufacturing Companies Of Nigeria
Manufacturing is the creation or production of goods with the help of equipment, labor, machines, tools, and chemical or biological processing or formulation. It is the essence of secondary sector of the economy. The term may refer to a range of human activity, from handicraft to high-tech, but it is most commonly applied to industrial design, in which raw materials from the primary sector are transformed into finished goods on a large scale. Such goods may be sold to other manufacturers for the production of other more complex products (such as aircraft, household appliances, furniture, sports equipment or automobiles), or distributed via the tertiary industry to end users and consumers (usually through wholesalers, who in turn sell to retailers, who then sell them to individual customers). Manufacturing engineering is the field of engineering that designs and optimizes the manufacturing process, or the steps through which raw materials are transformed into a final product. T ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Oil And Gas Companies Of Nigeria
An oil is any nonpolar chemical substance that is composed primarily of hydrocarbons and is hydrophobic (does not mix with water) & lipophilic (mixes with other oils). Oils are usually flammable and surface active. Most oils are unsaturated lipids that are liquid at room temperature. The general definition of oil includes classes of chemical compounds that may be otherwise unrelated in structure, properties, and uses. Oils may be animal, vegetable, or petrochemical in origin, and may be volatile or non-volatile. They are used for food (e.g., olive oil), fuel (e.g., heating oil), medical purposes (e.g., mineral oil), lubrication (e.g. motor oil), and the manufacture of many types of paints, plastics, and other materials. Specially prepared oils are used in some religious ceremonies and rituals as purifying agents. Etymology First attested in English 1176, the word ''oil'' comes from Old French ''oile'', from Latin ''oleum'', which in turn comes from the Greek ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economy Of Port Harcourt
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the production, use, and management of scarce resources'. A given economy is a set of processes that involves its culture, values, education, technological evolution, history, social organization, political structure, legal systems, and natural resources as main factors. These factors give context, content, and set the conditions and parameters in which an economy functions. In other words, the economic domain is a social domain of interrelated human practices and transactions that does not stand alone. Economic agents can be individuals, businesses, organizations, or governments. Economic transactions occur when two groups or parties agree to the value or price of the transacted good or service, commonly expressed in a certain cu ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Based In Port Harcourt
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pers ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Omega Butler Refinery
The Omega Butler Refinery is a proposed oil refinery to be built on 121-acres of land in Rivers State, Nigeria. It will have a capacity of 20,000 barrels per day, along with 90% yield of light oil products. Once established, the refinery will reduce fuel cost, create up to 1500 jobs, and contribute to the state's economic growth. Operational licenses have since been granted by the Department of Petroleum Resources (DPR) to facilitate the commencement and execution of the project. On 27 May 2015, it was announced that ₦96 billion (US$ 480 million) has been budgeted for engineering procurement, construction, supervision and project management services. See also *Port Harcourt Refining Company The Port Harcourt Refining Company, (abbreviated PHRC), is a Nigeria-based oil and gas company primarily specializing in the refining of crude oil into petroleum products. It is headquartered in Port Harcourt metropolitan area of Rivers State ... References {{coord missing, River ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Rivers State
Rivers State, also known as Rivers, is a state in the Niger Delta region of southern Nigeria (Old Eastern Region). Formed in 1967, when it was split from the former Eastern Region, Rivers State borders include: Imo to the north, Abia and Akwa Ibom to the east, and Bayelsa and Delta to the west. The state capital, Port Harcourt, is a metropolis that is considered to be the commercial center of the Nigerian oil industry. With a population of 5,198,716 as of the 2006 census, Rivers State is the 6th most populous state in Nigeria. Rivers State is a diverse state that is home to many ethnic groups: Igbo, Ogoni and Ijaw. The state is particularly noted for its linguistic diversity, with 28 indigenous languages being said to be spoken in Rivers State, these include Igbo speaking groups, the Ogoni and Ijaw languages. Rivers State is the 26th largest state by area, and its geography is dominated by the numerous rivers that flow through it, including the Bonny River. The ec ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by distillation, into innumerable products for direct use or use in manufacturing. Products include fuels such as gaso ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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