The Nigerian National Petroleum Corporation (NNPC) has concluded plans to begin the refinery overhaul projects in the second quarter of the year, to reduce its reliance on imported fuel.
“We believe that by the second quarter of this year we will …start getting the ball rolling on the refurbishment and rehabilitation exercise and believe this will run to the end of next year,” said Anibor O. Kragha, NNPC’s Chief Operating Officer of refineries and petrochemicals.
“We are working with consortia right now, negotiating terms, trying to finalise the time sheets so that we can access the money… through the end of 2019 when we believe we will have the minimum 90 percent capacity utilization in place,” he told delegates at the African Refiners Association conference in Cape Town, South Africa.
- Reuters