Mele Kyari
The Nigerian National Petroleum Corporation (NNPC) has said the country’s four refineries will be handed over to private firm to manage on operations and maintenance basis.
Group Managing Director of NNPC, Mele Kyari, who said this in an interview said the refineries are being rehabilitated and would be handed over after the revamp.
The country has bee importing petroleum products despite boasting of four refineries in Warri, Kaduna and Port Harcourt as the assets have over the years performed below par leaving the nation in a huge deficit.
“We are going to get an O&M contract, NNPC won’t run it,” Kyari said. “We are going to get a firm that will guarantee that this plant would run for some time. We want to try a different model of getting this refinery to run. And we are going to apply this process for the running of the other two refineries.”
He disclosed that the country would use the model that was deployed for NLNG, adding that private investors are…
Source: Guardian Newspaper
