The Senate has ordered the discontinuance of talks between the Federal Ministry of Petroleum Resources, Agip/ENI and Oando Plc on the rehabilitation of the Port Harcourt Refinery, THISDAY reports.

It condemned what it described as the non-transparent process that is seemingly being adopted by the ministry and the Nigerian National Petroleum Corporation (NNPC) to engage the companies to rehabilitate and improve the performance of the refinery. The Senate further stated that it is ‘highly unlikely’ that the proposed agreement to handover the rehabilitation of the refinery to ENI/Oando would proceed.

Adopting the report of its adhoc committee on the planned concession of the Port Harcourt Refinery to Agip/ENI and Oando, the lawmakers directed that the process must be open and competitive, to allow participation of all relevant stakeholders. They argued that if it was not done, it would be misconstrued as a backdoor transfer of the asset to the preferred investor and added that the public invitation for bids under clearly spelt out terms and conditions should be re-advertised.