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NNPC awaits reports on PH, Warri refineries’ revival

The NNPC is awaiting technical assessment reports from two Chinese firms before proceeding with investment agreements for the Port Harcourt and Warri refin Read More: https://punchng.com/nnpc-awaits-reports-on-ph-warri-refineries-revival/

NNPC awaits reports on PH, Warri refineries’ revival

The Nigerian National Petroleum Company Limited (NNPC) is awaiting technical assessments from two Chinese firms, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Limited, on the revival of Port Harcourt and Warri refineries. The assessments, which have taken about three months, are being conducted alongside NNPC's technical teams to determine the work and technology required for the refineries to become commercially competitive.

NNPC's Chief Corporate Communications Officer, Andy Odeh, explained that successful rehabilitation requires financing, competent engineering and construction, and strong operating capability, adding that completing repairs alone is not enough for the facilities to operate reliably and profitably. The next steps involve completing the assessment report, receiving a detailed proposal from the prospective partners, and agreeing on the technical and commercial terms before a restart date can be announced.

Brief written by urgent.news from Punch Nigeria's own syndicated text. Machine-written — may contain errors; check the original before relying on it.

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