Lagos — The Federal Government is to spend not less than $1.6 billion for the turnaround maintenance (TAM) of its three refineries located in Port Harcourt, Warri and Kaduna, Minister of Petroleum Resources, Mrs. Diezani Alison-Madueke, said Monday.
Alison-Madueke, who appeared before the Senate Committee on Petroleum Resources Downstream Sector in Abuja, told the members that it is only after the TAM that the three refineries could operate at full capacity utilisation. The TAM, which is expected to begin in January 2013, is scheduled for completion in October 2014.
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