The Minister of State for Petroleum Resources, Ibe Kachikwu said refineries repair cannot be done in an open bidding process, Daily Trust reports.
While speaking at the 172nd OPEC meeting, Kachikwu said refineries concession “Is a highly technical area, what we have done is to invite those who have experience in refining, but it’s open, anybody who feels he has the skills and has the money is welcome. It is not just about the skills but the money too.”
“Remember, we don’t have the money, and what we call them in to do is to rebuild, help us manage and recoup their money from the incremental production and that is ongoing, it has not been decided, the entire three refineries are up on the refurbishing scheme.”
Responding to the alleged bias in the selection process of AGIP and OANDO Plc as partners to operate the Port Harcourt Refinery and Petrochemical Company, Kachikwu also said that the final decision on the refineries has not yet been reached.