Nigeria: NNPC Board to Approve Firms to Fund Refineries' Revamp

24 January 2018

Abuja — The board of the Nigerian National Petroleum Corporation (NNPC) will approve the final list of financiers selected to fund the revamp of NNPC's refineries in Kaduna, Warri and Port Harcourt at its meeting this month, the corporation's Group Managing Director, Dr. Maikanti Baru, has disclosed.

Baru in a statement from the Group General Manager, Public Affairs of the NNPC, Mr. Ndu Ughamadu, yesterday in Abuja, said the corporation was inching closer to arriving at the choice of financiers for the revamp programme which he said will restore the production capacities of the refineries to 90 per cent.

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