Nigeria’s refinery overhaul projects to begin in Q2 2018 – NNPC

 

An official from Nigeria’s state oil company, NNPC said on Tuesday that refinery overhaul projects will begin in the country as soon as the second quarter in an effort to reduce its reliance on imported fuel, Reuters reports.

 

“We believe that by the second quarter of this year we will …start getting the ball rolling on the refurbishment and rehabilitation exercise and believe this will run to the end of next year,” said Anibor O. Kragha, NNPC’s chief operating officer of refineries and petrochemicals.

 

“We are working with consortia right now, negotiating terms, trying to finalise the time sheets so that we can access the money… through the end of 2019 when we believe we will have the minimum 90 percent capacity utilization in place,” he told delegates at the African Refiners Association conference in Cape Town.

 

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