NNPC to Adopt NLNG Model in Refinery Rehabilitation, Sets 3 Years Target
Mele Kyari, the Group General Manager of the Nigerian National Petroleum Corporation, NNPC late Wednesday said the federal government has advanced conversation in adoption the NLNG model in the rehabilitation of the three major refineries in the country,emphasising a three year completion date.
Kyari who spoke on ‘Politics today’ a Channels Television programme monitored by our correspondent in Abuja said the government is embarking on build,operate and transfer stategy in getting the refineries back to work.
“I can confirm to you that there is a conversation going on where we install the NLNG model,whereby the government -NNPC becomes a minority shareholder in this asset and of course there would be more scrutiny of shareholders and also becoming more efficient to operate.
“The first thing we are doing especially for Warri and Kaduna refinery is to have a system where people would put their money,work on it.They would operate this refinery with us, we would have contract jointly with them to sale through the processes and ultimately migrate to a situation where equity would be determined by the Nigerian people.”for further reading, click on https://businessday.ng/energy/oilandgas/article/nnpc-to-adopt-nlng-model-in-refinery-rehabilitation-sets-3-years-target/
Source: BusinessDay Newspaper Sept 10, 2020.