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NNPC refineries idle for 19 months, record N177.21bn loss

NNPC refineries idle for 19 months, record N177.21bn loss
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NNPC Signs $1.5billion Contract for Rehabilitation of PH Refinery


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…To Award Warri, Kaduna Refineries Rehab EPC in June
(AFRICAN EXAMINER) – The drive by the Management of the Nigerian National Petroleum Corporation (NNPC) to boost in-country refining capacity was bolstered on Tuesday with the signing of the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery in Alesa-Eleme, Rivers State.
The rehabilitation project which has a completion timeline of between 18 and 44 months under a three-phase arrangement was awarded to Milan based Tecnimont SpA at a lump sum contract price of US$1.5 billion, inclusive of VAT and other statutory payments. ....

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How we created opportunities out of Year 2020 challenges — NNPC


How we created opportunities out of Year 2020 challenges NNPC
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The year 2020 is a year like no other. A year that threw up a health challenge which brought the whole world to its knees.
The coronavirus pandemic precipitated the lockdown of social and economic activities across the world, displacing the fortunes of many nations and businesses with the Oil and Gas Sector not being an exemption. 2020 is a year that brought West Texas Intermediate crude futures to below zero dollars. A calamity never seen before.
However, like the hot fire that produces the finest steel, the challenges that Covid-19 threw at humanity brought the ingenuity and astute management skills of the NNPC Group Managing Director and his team to the fore. ....

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