By Nnamdi Ojiego
The Managing Director, Port Harcourt Refining Company, PHRC, Mr. Ahmed Dikko, is on course to end the protracted rot in the establishment and ensure it works at full capacity again.
This is even as the United States of America, USA, delegation expressed optimism about the rehabilitation of the refinery and opportunities for US private sector engagement.
The PHRC has witnessed rejuvenation in the last one year since the current MD took over the reins of the company. Before March 2020, the refinery was comatose and regarded as a waste of public resources because it has gulped billions and yet had not worked.
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Italy’s Maire Tecnimont has secured a $1.5bn EPC contract from the Nigerian National Petroleum Company (NNPC).
The contract is for the rehabilitation works of the Port Harcourt Refinery Complex.
The refinery, which was closed two years ago, is owned and operated by Port Harcourt Refinery Company, a subsidiary of NNPC.
Under the contract, Maire Tecnimont subsidiary Tecnimont will undertake EPC activities for a full rehabilitation work to restore at least 90% of the Port Harcourt refinery complex’s nameplate capacity.
Maire Tecnimont Group CEO Pierroberto Folgiero said: “With this great result we confirm the soundness of our business strategy on geography diversification, as one of its key elements is to grow and assist our clients in their revamping initiatives, leveraging on our technological know-how to ensure more efficient and environmentally better performing processes and products.
NNPC targets 18-month completion, signs $1.5bn Port Harcourt refinery repair contract
Okechukwu Nnodim, Abuja
Published 4:33 am
The Nigerian National Petroleum Corporation on Tuesday officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of the Port Harcourt Refining Company.
Parties in the agreement also announced the commencement of the project following the signing of the contract at the headquarters of the corporation in Abuja.
At the virtual contract signing event, the Group Managing Director, NNPC, Mele Kyari, explained that the agreement was basically between PHRC and Tecnimont SPA.
He said the contract was for the provision of engineering, procurement, construction, installation and commissioning services for the refinery rehabilitation project.
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