The Nigerian National Petroleum Corporation (NNPC) has promised to deliver the country’s oil refineries by 2023.
The Group Managing Director of NNPC, Mele Kyari, while speaking on Sunday night in Abuja noted that the NNPC would partner with private investors to fix the Warri, Port Harcourt and Kaduna refineries.
Kyari who spoke alongside Timipre Sylva, the Minister of State for Petroleum Resources, in a virtual dialogue noted that the model adopted in the Nigeria Liquefied Natural Gas company would be used for the refineries.
“In this model, NNPC is going to be the minority partner in the refineries,” he said.
The NNPC boss noted that work is ongoing to get the refineries back to life in order to begin domestic refining of crude.
In his own statement Mr. Sylva noted that the National Assembly would get and possible start working on the Petroleum Industry Bill in two weeks. He expressed hope that the bill would become law under the administration of President Muhammadu Buhari.
David Chima is the Group Head (Editors) at Naija Buzz News. He is a very experienced Journalist. He studied Mass Communication at the Nuhu Bamalli Polytechnic Zaria, Kaduna State, before proceeding for Advanced Studies in Mass Communication (Journalism) at the Federal Polytechnic Bauchi, Bauchi State. He previously served as the Head Senior Reporters and Publishers at 1Push.Ng and eventually Naija Buzz News. Chima is a lover of football and a very strong supporter of Barcelona Football Club Spain.