Petroleum Africa
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Sunday, February 17, 2019
NNPC has said that it might be willing to accept help from India to repair its refineries. The refineries – Kaduna, Warri, and Port Harcourt – have a collective processing capacity of 445,000 bpd, but have remained largely unproductive for years.
NNPC’s Group Managing Director, Maikanti Baru, reportedly told the Indian High Commissioner to Nigeria, Abhay Thakur, during a meeting that with the refineries up for repairs, the state-run firm would need technical assistance from Indian companies.
Hindering NNPC’s planned maintenance of these refineries is its failed negotiations with financiers. The parties could not agree on commercial terms to be adopted.
Baru, in a statement signed by NNPC’s Group General Manager, Group Public Affairs, Ndu Ughamadu, in Abuja, explained that Indian companies in Nigeria have played some remarkable roles, and thus called on them to extend their presence to the downstream sector of the country’s petroleum industry to leverage on the enormous opportunities therein.
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