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NNPC signs agreement with Milan-based company for the rehabilitation of Port Harcourt refinery
 NNPC signs agreement with Milan-based company for the rehabilitation of Port Harcourt refinery
The Nigerian National Petroleum Corporation (NNPC) has signed $1.5
billon agreement for the rehabilitation of the Port Harcourt Refinery in
Alesa-Eleme, Rivers State.
The agreement for the rehabilitation was signed on Tuesday between NNPC and Tecnimont SpA.
The agreement is for 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.
An elated Group Managing Director of the NNPC, Mallam Mele Kyari,
described the PHRC rehabilitation project as a dream come true, noting
that the project was in line with President Muhammadu Buhari’s promise
to the Nigerian people to make the refineries work.
Mallam Kyari reiterated that in arriving at the choice of Tecnimont
SpA, the Corporation embarked on a transparent tender process which can
withstand any forensic audit, noting that NNPC was ready and open to
answer any question pertaining to the project.
He assured that the same transparent process has been emplaced for
the rehabilitation of the Warri and Kaduna Refineries whose EPCIC
contracts would be awarded in June 2021.
The GMD explained that the rehabilitation exercise was very
different from a routine Turn-Around Maintenance as it would entail a
total retrofitting of the plant with major part and equipment replaced
with new ones.
Providing further insight into the project, Managing Director of
Port Harcourt Refining Company Limited, Engr. Ahmed Dikko, explained
that Phases 1 and 2 of the project would get the refinery ready to
receive hydrocarbon, while Phase 3 will focus on the start-up the
refinery for operation, stressing that the entire work shall be
delivered in 44 months from today.
In his remarks, Vice President, Sub-Saharan Africa Region of
Tecnimont SpA, Davide Pelizzola, pledged the readiness of his company to
work assiduously with the NNPC to comply with the terms and obligations
of the contract.
The signing ceremony of the PHRC rehabilitation project was
witnessed by the Nigeria Extractive Industries Transparency Initiative
(NEITI), Infrastructure Concession Regulatory Commission (ICRC),
Petroleum and Natural Gas Senior Staff Association of Nigeria
(PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers
NUPENG amongst others. |
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