By Nneka Nwogwugwu
The Nigerian National Petroleum Corporation (NNPC) has revealed that the rehabilitation of Warri and Kaduna refineries would be awarded in July.
It said the rehabilitation will go on at the same time as the already awarded Port Harcourt Refinery, he said.
The government also informed that the banks are providing the money for the rehabilitation.
The Group Managing Director (GMD) of NNPC, Malam Mele Kyari, made this known on Channels TV’s Sun Rise programme on Tuesday while reiterating the official price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, to remain N162 in July.
He said engagements were still ongoing with the Organised Labour on the appropriate price of petrol, adding that until the conclusion of engagement with Labour, Nigerians would continue to buy petrol at N162 per litre.
On the equity acquisition in Dangote Refinery, Daily Trust reports that the NNPC GMD said the corporation is buying 20% equity in Dangote refinery for energy and physical security of the country.
He said the refinery, which will start production in 2021, shouldn’t be left in the hands of Dangote alone to ensure the stability of the market.
“There is no way you can allow a business of this magnitude to be left with just a private sector player,” he said.
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