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PORT-HARCOURT REFINERY
The federal government said the Port Harcourt refinery will commence operations before the end of the first quarter of 2023
Would $1.5 billion in the hands of Tecnimont work wonders over the next 24 months?
The Nigerian National Petroleum Corporation (NNPC) has said that the Port Harcourt Refinery which is undergoing a $1.5...
The NNPC has disclosed that the Engineering Procurement and Construction (EPC) contractor for the Port Harcourt Refining Company is already on site.
The Minister of State for Petroleum says the FG agreed to the $1.5 billion rehabilitation of the Port Harcourt refinery to prevent a labour action.
With the paucity of funds the government faces, the spending of $1.5 billion on a refinery should be at the back burner.
Deciding to spend $1.5 billion to rehabilitate a refinery that has sunk so much is definitely a miss for the government.
The NNPC has defended FG's decision to expend the huge sum of $1.5 billion in rehabilitating the Port Harcourt refinery.
The FG has disclosed how it intends to raise the $1.5 billion for the rehabilitation of the Port Harcourt refinery.
Sylva has stated that Nigerians can hold him accountable for every cent spent in rehabilitating the Port Harcourt refinery.
Mr Peterside has joined many Nigerians calling on the FG to privatise the refineries and avoid years of losses from them.
The FEC has approved the sum of $1.5 billion for the immediate rehabilitation of the Port Harcourt refinery.