FG approves $1.4bn for rehabilitation of Warri, Kaduna refineries

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The Federal Executive Council durng its weekly meeting approved contracts for the rehabilitation of 110,000 b/d Kaduna and the 125,000 b/d Warri refineries.

The contract was awarded at a cost of $1.4 billion.

According to the break down, $897 million will be used for the Warri refinery whle $586 million expended on Kaduna refinery.

Nigeria has four refineries – including two in Port Harcourt – but all have struggled to function optimally as the country continues to import petroleum products.

The rehabilitation is expected to turn around the refineries and set them up to meet local oil demands.

 

 



Abisola Adebayo is a Reporter/Presenter/Social Media Manager for Tv360Nigeria. She is a first class graduate of the department of Mass Communication at Fountain University, Osogbo. Abisola is currently running her Masters Degree at the University of Lagos. The Social Media savvy young lady is ambitious and driven, likes trying new things and sets new goals for herself. Always looking for an opportunity to do better and achieve greatness.


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