NNPC, firm sign pact for repairs of Port Harcourt refinery
The national oil company also said arrangements were being made to overhaul Warri and Kaduna refineries.
Despite the condemnations trailing the plan by the Federal Government to rehabilitate the Port Harcourt Refinery with $1.5 billion, the Nigerian National Petroleum Corporation (NNPC), yesterday, sealed a pact with an Italian company, Tecnimont SpAfor, to handle the job.
The Federal Executive Council (FEC), presided over by President Muhammadu Buhari, had approved the $1.5 billion (about N575 billion) for immediate rehabilitation of the 32-year-old Port Harcourt facility.
Minister of State for Petroleum Resources, Timipre Sylva, had said that the work would be executed in three phases.
According to him, the first phase is to be completed within 28 months, while the second and third chapters were 24 and 44 months.