Port Harcourt Refinery to Be Ready by November, NNPC Assures
06.06.2022 By Ricardo Perez - NEWS

June 6, 2022 [Blueprint] – The Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Melee Kyari, has revealed that the ongoing rehabilitation of the Port Harcourt refinery would be completed by November 2023.

 

Kyari stated this when he appeared before the House of Representatives Ad-hoc Committee headed by Ganiyu Johnson in Abuja recently.

The NNPC chief, who was represented at the meeting by the company’s General Manager in charge of Refineries and Petrochemicals, Mustapha Yakubu, said the rehabilitation work which commenced on May 6, 2021 had attained 30 per cent completion level.

He said while part of the project would be delivered within 32 months, the entire project was expected to be completed within 42 months.

Kyari, who insisted that the contract for the survey of the refineries followed due process, said the contracts for the rehabilitation of Warri and Kaduna Refineries had not been awarded.

A representative of Saipem Engineering Company, who responded to questions from the committee on the project, said an additional sum of £2.3 million was approved for the inspection of both Warri and Kaduna refineries.

The committee, therefore, requested for Federal Executive Council’s approval of $1.5 billion for Port Harcourt refinery, $5.321 million for various expenditures incurred for comprehensive technical plants on July 26, 2017 and another $55 million paid on the same day.

The lawmakers alleged that the contract was awarded to Saipem without due diligence, adding that the contract was not subjected to competitive bidding.

They also directed NNPC management to recourse back to the committee before awarding the contract for the rehabilitation of Warri and Kaduna refineries since the pipelines are in bad shape.

Pro Trial: Access 10,390 Tank Terminal and Production Facilities

10,390 tank storage and production facilities as per the date of this article. Click on the button and register to get instant access to actionable tank storage industry data

India's First Methanol Plant to be Set up in Telangana
11.21.2024 - NEWS
November 21, 2024 [Chem Analyst]- In a groundbreaking initiative, India is set to get its first m... Read More
Egypt in Talks with Foreign Companies Over Long-Term LNG Purchases, Sources Say
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Egypt is in talks with U.S. and other foreign companies to purchase ... Read More
INEOS and GNFC Sign a Memorandum of Understanding to Build a New World Scale Acetic Acid Unit in India
11.21.2024 - NEWS
November 21, 2024 [INEOS]- INEOS Acetyls and Gujarat Narmada Valley Fertilizers & Chemicals L... Read More
Peru's State Oil Firm Could Open to Private Investors in 2025, Chairman says
11.21.2024 - NEWS
November 21, 2024 [Reuters]- Peru’s indebted state-run oil firm could consider offering a ... Read More