The Group Chief Executive Officer of Oando PLC, Wale Tinubu, appeared before the Senate Joint Committee on Petroleum Resources Thursday, to correct allegations regarding Oando’s supposed role in the privatisation of the Port Harcourt refinery, ThisDay reports.
“As indicated in the rejoinder statement we published, I must explicitly state that no mandate for the concession, sale, equity transfer or privatization of the Port Harcourt refinery or any of the nation’s refineries has been signed with Oando. As a crude exporter and supplier of refined products to the country, it is intuitive and patriotic for us to be interested in the refurbishment and upgrade of the refineries,” he said in a statement to the Committee Chairman Senator Kabir Garba Marafa of Zamfara state.
“Our proposed participation as a local partner in this effort is an opportunity to drive the country forward and accelerate the process to see product security realised in this dispensation. We share the vision of the Nigerian Government to become a petroleum product self-sufficient country in the short to medium term, and ultimately be a net exporter. The Port Harcourt refinery remains a national asset, under the full control of the NNPC as far as we are aware,” he added.