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General Electric, a multinational company, has proposed to invest in Nigeria’s three refineries located in Port Harcourt, Warri and Kaduna.
New Telegraph reports that the United State of America based company stated this in Abuja Tuesday in a presentation to Group Managing Director of the Nigeria National Petroleum Corporation (NNPC) Dr. Maikanti Baru and his team that the company’s teams of partners, including its consortium involving the Engineering, Procurement and Construction (EPC) partners, off-takers, traders and some financiers would be engaged in the initiative.
In a statement from the NNPC spokesperson, Ndu Ughamadu the GE management in the presentation said: ‘’We were involved in the tenders that started around last year which was subsequently withdrawn but our commitment to bringing the refineries on-stream is still very deep and we are very serious about it. We propose that work commences either with the Warri or Port Harcourt Refinery as a pilot, as we set a target to improve the refinery capacity before the end of 2017″.
The GE’s desire to partner with NNPC on the rehabilitation of the three refineries, according to the statement came on the heels of a similar proposal by the Italian company, Eni, to establish cooperation with NNPC for the Rehabilitation and enhancement of Port Harcourt Refinery as contained in the company’s release in Rome yesterday July 23, 2017.
Source: New Telegraph