NNPC says Port Harcourt refinery has gotten a potential financier

The Nigerian National petroleum Corporation (NNPC) says that some of the financing companies it approached to revamp the country’s refineries have shown interest in Port Harcourt refinery.

Mr Ndu Ughamadu, Group General Manager, Group Public Affairs Division, disclosed this in an interview on Friday in Abuja. He said that a team of engineers from the corporation had gone abroad to source for financiers to ensure revamping of the major refineries in the country.

“About three financing companies have indicated interest but their names are yet to be made public but they have shown interest for Port Harcourt, Warri and Kaduna refineries. They however showed the most interest for the Port Hacourt refinery,” he said.

He reassured that with the ongoing commitment, the projected timeline of the Minister of State for Petroleum Resources Dr Ibe Kachikwu for the refineries to be up and running by 2019 would be achieved, particularly with the coming on stream of the Dangote refinery.

Source: Leadership

Share

SUBSCRIBE TO LATEST ENERGY NEWS

Read the latest energy industry news and researched articles
for oil and gas, power generation, renewable energy, events and more...