The Nigerian National Petroleum Company Limited (NNPC) on Thursday signed a deal with Daewoo for the maintenance of the Kaduna Refining and Petrochemical Company Limited (KRPC) for the contract sum of $740.6 million.
Speaking at the event, the Group Chief Executive Officer of the NNPC, Mele Kyari, stated that the deal was in pursuit of the national oil firm’s statutory responsibility of ensuring energy security for the country.
According to the NNPCL CEO, he said that one of the key elements required for growth as a nation is energy sufficiency, explaining that there’s no way that can happen without the refineries fully functional and petroleum products made available.
He said that Nigeria understands the issues around energy transition, but explained that here in the country; the liquids were desperately needed to ensure economic growth and development.
The NNPC chief noted that he was conscious of the fact that the four refineries in three locations were currently down and undergoing some form of rehabilitation, with Port Harcourt currently on course to come on stream in the first half of this year.
“Warri has also been scheduled for revamp while Kaduna was also getting the required attention to restore Nigeria’s capacity to complement the Dangote refinery. We are hopeful that this year, we will have self-sufficiency in terms of gasoline supply,” he explained.
“While there are security issues in the country, it will in no way disturb the progress of work on the refinery site, urging the contractors to reach out for any help they might require.”
Adeyemi Adetunji, the Executive Vice President, Downstream of the NNPC, In his comments, said the event marked a milestone in the history of KRPC considering that the last Turn Around Maintenance (TAM) on the refinery occurred about 15 years ago.
NNPC, Daewoo Sign Deal for Maintenance of Kaduna Refinery for $741million
The Nigerian National Petroleum Company Limited (NNPC) on Thursday signed a deal with Daewoo for the maintenance of the Kaduna Refining and Petrochemical Company Limited (KRPC) for the contract sum of $740.6 million.
Speaking at the event, the Group Chief Executive Officer of the NNPC, Mele Kyari, stated that the deal was in pursuit of the national oil firm’s statutory responsibility of ensuring energy security for the country.
According to the NNPCL CEO, he said that one of the key elements required for growth as a nation is energy sufficiency, explaining that there’s no way that can happen without the refineries fully functional and petroleum products made available.
He said that Nigeria understands the issues around energy transition, but explained that here in the country; the liquids were desperately needed to ensure economic growth and development.
The NNPC chief noted that he was conscious of the fact that the four refineries in three locations were currently down and undergoing some form of rehabilitation, with Port Harcourt currently on course to come on stream in the first half of this year.
“Warri has also been scheduled for revamp while Kaduna was also getting the required attention to restore Nigeria’s capacity to complement the Dangote refinery. We are hopeful that this year, we will have self-sufficiency in terms of gasoline supply,” he explained.
“While there are security issues in the country, it will in no way disturb the progress of work on the refinery site, urging the contractors to reach out for any help they might require.”
Adeyemi Adetunji, the Executive Vice President, Downstream of the NNPC, In his comments, said the event marked a milestone in the history of KRPC considering that the last Turn Around Maintenance (TAM) on the refinery occurred about 15 years ago.