Tag: Port Harcourt Refinery
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BREAKING: FG signs contract for $1.5bn rehabilitation of Port Harcourt refinery
The federal government of Nigeria on Tuesday signed the contract for the $1.5 billion rehabilitation of the Port Harcourt refinery, located in Port Harcourt, Rivers State. TheNewsGuru.com (TNG) reports the contract was signed between the Nigerian National Petroleum Corporation (NNPC) and Tecnimont S.p.A, a subsidiary of Maire Tecnimont S.p.A. The contract entails engineering, procurement and…
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$1.5bn Port Harcourt Refinery Rehabilitation: Between Sense, Sentiments and Sensationalism, By Sadou Jattu
By Sadou Jattu Since last week when the Federal Executive Council (FEC) approved the sum of $1.5bn for the rehabilitation of the Port Harcourt Refinery, all hell has been practically let loose. Well-meaning Nigerians from all walks of life have been sharing their views on the issue and many of them have neither been complimentary…
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Reps to investigate FG’s $1.5bn budget for rehabilitation of Port Harcourt refinery
The House of Representatives has mandated its committee on Petroleum Resources Downstream to organise an investigative hearing to ascertain the true state of the Port Harcourt refinery which the Federal Government has approved the sum of $1.5billion for the rehabilitation. The House also mandated the committee to carry out a comprehensive audit of funds previously…
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FG reveals plans to also rehabilitate Warri, Kaduna refineries
The federal government is planning to also rehabilitate the Warri and Kaduna refineries following the approval of the Federal Executive Council to rehabilitate the Port Harcourt Refinery. TheNewsGuru.com (TNG) reports Timipre Sylva, Minister of State for Petroleum Resources made this known on Tuesday after the First Quarter 2021 Ministerial Governance Meeting in Lagos State. “Last…
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We need $10 billion to build new refinery in Nigeria – NNPC
The Nigerian National Petroleum Corporation (NNPC) has said a whopping $10 billion is needed to build a new refinery in the country, far beyond the $1.5 billion earmarked for the rehabilitation of the Port Harcourt refinery. TheNewsGuru.com (TNG) reports Mele Kyari, NNPC Group Managing Director, disclosed this on Monday in Abuja while engaging newsmen on…
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$1.5bn P/H refinery rehabilitation: Hold me accountable for every cent spent, Timipre Sylva tells Nigerians
The Minister of State for Petroleum Resources, Timipre Sylva, has promised to ensure that every cent of the $1.5 billion proposed for the rehabilitation of the Port Harcourt refinery is accounted for. The minister asked Nigerians to hold him responsible in the event of anything otherwise. “I can look at the camera; they (Nigerians) can…
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Fayemi faults FG’s planned rehabilitation of Port Harcourt Refinery, says ‘Dangote’s own underway’
Chairman of the Nigerian Governors’ Forum and Ekiti State Governor, Kayode Fayemi, has said that more information is needed to justify the rehabilitation of the Port Harcourt refinery. TheNewsGuru.com, TNG reports that the Federal Executive Council had on March 17 approved $1.5 billion for the rehabilitation of the Port Harcourt refinery which is said to…
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Why $1.5bn for repair of Port Harcourt refinery is suspicious – Atiku
Former Vice President Waziri Atiku Abubakar has said the $1.5 billion earmarked for the repair of Port Harcourt refinery in Rivers State by the President Muhammadu Buhari’s government is suspicious. Atiku stated this on Thursday, stressing that a similar, more profitable refinery, Martinez Refinery in California, USA was recently sold by Shell Petroleum Development Company…
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Why I won’t rejoice over FG’s approval of $1.5bn to rehabilitate Port Harcourt refinery – Wike
Rivers State Governor Nyesom Wike has said he will not rejoice over the approval of $1.5 billion for the rehabilitation of the Port Harcourt refinery. Wike said it is not the first time the Federal Government is making promises, many of which he says are yet to see the light of day. “We have had…
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NNPC commences rehabilitation of Port-Harcourt refinery
Nigeria’s effort at ensuring local sufficiency in refined petroleum products was bolstered on Thursday with the formal commencement of the first phase of the rehabilitation of the 210,000 barrels per day capacity Port-Harcourt Refinery complex that comprises the 60,000 barrels per day old Refinery built in 1965 and the 150,000 barrels per day, new Refinery,…