The Nigerian National Petroleum Company (NNPC) Limited has announced plans to handover the duo of Warri and Kaduna refineries to private operators.
The plan was announced in an Expression Of Interest (EOI) spotted by www.theoctopusnews.com on the X handle of the NNPC.
According to the EOI, the refineries would be offered to reputable and credible private operator on an operations and maintenance basis.
The NNPC revealed that the move is to ensure reliability and sustainability inorder to meet the nation’s fuel supply and energy security obligation.
The NNPC also revealed that the tender for both refineries would be treated as a single tender through a three stage tender process.
It would be recalled that the NNPC had said that the mechanical completion of the Warri Refinery is scheduled for the first quarter of 2024.
Olufemi Soneye, the chief corporate communications officer of NNPCL was quoted to have stated that the goal was to resolve it by the first quarter of 2024.
The chairman of the Senate Committee on Petroleum (Downstream), late Ifeanyi Ubah, was also quoted to have said that two Nigeria refineries would become fully operational this year. Ubah said the Port Harcourt and Warri refineries are currently undergoing turnaround maintenance and will function on the set dates.
He added that plans have already begun to achieve the set target, adding that the Kaduna Refinery would also become functional before the end of 2025.
It is believed that the move by the NNPC is aimed at consolidating on the maintenance carried out on the refineries.
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