Minister says FG will privatise refineries
Kachikwu said the government is working with major oil companies to ensure that the refineries are working at full capacity.
Recommended articles
He said the government is working with major oil companies to ensure that the refineries are working at full capacity.
The NNPC GMD also said some multinational companies have signified their interest to purchase of the refineries.
He also said the refineries will not meet local demand, even if they are overhauled, adding that the nation will also depend on output from other privately owned refineries.
ADVERTISEMENT
Kachikwu said “We have gotten commitments from some of the majors. Agip has indicated interest to work with us on Port Harcourt, Chevron on Warri. We are talking to Total on Kaduna.
“The refineries would not be sold but joint venture partners with established track records of success in refining would be invited to support the running of the refineries in order to ensure efficiency."
The minister previously told newsmen on Saturday, April 23, 2016, that undefinedto produce at maximum capacities.
See Pulse Photo-News gallery below.
JOIN OUR PULSE COMMUNITY!
ADVERTISEMENT
Eyewitness? Submit your stories now via social or:
Email: eyewitness@pulse.ng
Recommended articles
Why our plane made emergency landing at Lagos airport, Air Peace clarifies
Over 75% of Katsina children are multidimensionally poor – UNICEF
PDP unveils 200-member campaign council for Ighodalo's guber election in Edo
Tinubu approves resumption of repair work on Third Mainland Bridge
Ondo Poll: Ganduje consoles Jimoh Ibrahim after crushing defeat in APC primary
FG to review recent price hike of DStv, GOtv packages amid public outcry
BREAKING: FG grants Air Peace right to commence Abuja-London flights - Keyamo
Deputy who dumped Akeredolu clinches PDP governorship ticket
Gov inaugurates 2nd phase of palliative distribution to poor Enugu residents
ADVERTISEMENT
