NNPC, Firm Sign Pact For Repairs Of Port Harcourt Refinery
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.
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 national oil company also said arrangements were being made to overhaul Warri and Kaduna refineries.
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