IPMAN Lauds FG For Rehabilitation Of Port Harcourt Refinery
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery.
IPMAN’S president, Mr Chinedu Okoronkwo, told the News Agency of Nigeria (NAN) on Wednesday in Lagos that having functional refineries was in the best interest of the nation.
NAN reports that the Nigerian National Petroleum Corporation (NNPC) and an Italian company, Tecnimont SpA, had on Tuesday signed an agreement for the rehabilitation of the 210,000BPD refinery at a sum of 1.5 billion dollars.
The rehabilitation project has a completion timeline of between 18 and 44 months under a three-phase arrangement.