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Finance - Profiles - September 23, 2019

Nigeria to Commence Refineries’ Repairs in January 2020

Nigeria will commence repairs of its Port Harcourt, Warri and Kaduna refineries in January 2020 according to the National Petroleum Corporation (NNPC).

NNPC’s Group Managing Director Mele Kyari, made this known on Saturday during a facility tour to the Port Harcourt refinery.

Spokesman for the corporation, Ndu Ughamadu, explained that with the repairs would ensure that crude refining would hit optimum capacity by 2022.

He added that making the refineries operate at optimal capacities is a mandate that the NNPC will make sure of to actualise its mandate.

“We will stick to time, we will deliver this project by 2022. We will commence actual rehabilitation work in January,” he said.

“We will do everything possible between October and December to close out all necessary conditions for us to deliver on that project.

“I believe that with the support that we have from the shareholders – the government of this country, the entire staff of this company and the contractors, I believe it is doable and we will deliver the project.

“It’s no longer about business now, but a reputational issue. For the original builders of the refinery, Tecmmont, Eni/NAOC and NNPC, let us be conscious of the fact that our reputation is at stake as far as this project is concerned.

“The NNPC leadership has promised this country that our refineries will work, therefore, we must work not to disappoint over 200million Nigerian stakeholders.”

He also challenged the Port Harcourt refinery management to ensure that the nation’s indigenous engineers and other professionals working in the refinery were fully engaged to participate actively during the rehabilitation and own the process.

According to him, the involvement of the indigenous workers will build capacity, save cost and introduce an era of steady and uninterrupted production curve that will grow the oil and gas industry.

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