NNPCL pushes to privatise Warri and Kaduna refineries
The Nigerian National Petroleum Company Limited has announced plans to privatize the operation and maintenance of its Warri and Kaduna refineries.The company made the announcement on Friday through its official X account.
The national oil company sought bids from interested private firms to provide Operations and Maintenance services for both the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company.
NNPCL emphasized that bidders must have extensive experience in areas such as "Product Tanks/Storage Facilities Maintenance" and the complex processes involved in "Commissioning/Start-Up/Post Commissioning/Turnaround."
"NNPC Ltd is looking for reputable and credible O&M companies to operate and maintain two of its refineries. Warri and Petrchemical Company (WRPC) and Kaduna Refining and Petrochemical Company (KRPC) to ensure reliability and sustainability in meeting the nation's fuel supply and energy security obligations," the statement read in part.
The Warri refinery, with a capacity of 125,000 barrels per day, was commissioned in 1983, while the Kaduna refinery, with a capacity of 110,000 barrels per day, started operations in 1980. Both facilities have struggled with consistent production over the years, which NNPCL intends to address with this privatization initiative.
This move is consistent with NNPCL's overall strategy, as evidenced by Chief Financial Officer Umar Ajiya's recent statement, which set September 2024 as the revised target for resuming commercial production at the Port Harcourt Refinery.
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