Refinery rehabilitation : NNPC tasks contractor on project completion
By Edith Ike-Eboh
Port Harcourt, May 6th, 2021 The Nigerian National Petroleum corporation (NNPC) has tasked the Contractor rehabilitating the Port Harcourt Refineries Companies (PHRC) to ensure completion of the project at the estimated time frame.
The Group Managing Director, Malam Mele Kyari disclosed this at the kick off meeting of the Rehabilitation of PHRC, in Port Harcourt, on Thursday.
Naija247news reports that the meeting signified the take off of the rehabilitation project.
The PHRC operates two refineries; the old refinery with a nameplate capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd.
Investors to raise N102 75bn for national carrier – FG punchng.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from punchng.com Daily Mail and Mail on Sunday newspapers.
The repair, which will be executed by Tecnimont SPA, an Italian company, will be done in three phases of 18, 24 and 44 months.
On Thursday, Mele Kyari, NNPC group managing director, and officials of Tecnimont SPA attended a kick off meeting on the rehabilitation of Port Harcourt Refinery Company (PHRC).
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The meeting signified the take off of the rehabilitation project which will be funded through internally generated revenue (IGR), Afreximbank and budgetary provisions.
The PHRC operates two refineries; the old refinery with a capacity of 60,000 barrels per stream day (bpsd) and new refinery with an installed capacity of 150,000 bpsd.
The two refineries bring the Port Harcourt refinery’s combined crude processing capacity to 210,000bpsd.
The government explained that the next phase would be the placement of request for qualification (RFQ) in local and international media.
“$250 million approximately is to be raised to start up the airline by private investors,” the document stated.
There are six projects listed in the roadmap including the establishment of a national carrier to replace the defunct Nigeria Airways; the Maintenance, Repair and Overhaul (MRO) facility; the Airport Concession; the Aviation Leasing Company (ALC), the establishment of Aerotropolis, among others.
The proposed national carrier christened the Nigeria Air was unveiled in July 2018 in Farnborough, the United Kingdom without any aircraft flying until the project was suspended indefinitely.
Vanguard News
Concession of seaports: Reps fault delay in review
On
By Levinus Nwabughiogu
The House of Representatives Wednesday expressed worry over the delay in the conclusion of the review and renewal of agreements for the concession of the nation’s seaports.
Consequently, the House mandated its Committees on Ports and Harbour and, Privatization and Commercialization to interface with relevant government agencies and other parties to the concession agreement to investigate the cause of the delay.
The decision was reached during the consideration of a motion, titled “Need to Investigate the Delay in Conclusion of the Review and Renewal of Agreements for concession of Seaports,” sponsored by Shehu Koko.