Nigeria News
Buhari govt approves $1.5bn for rehabilitation Of Port Harcourt Refinery
The Federal Executive Council, on Wednesday, approved $1.5 billion for the rehabilitation of the Port Harcourt refinery.
According to the Minister of State for Petroleum Resources, Timipre Sylva, who briefed State House Correspondents after the meeting, the rehabilitation will commence immediately and will be done in three phases.
The council approved the an Italian E and EPC company to carry out the rehabilitation project.
The minister explained that the first phase will be completed in 18 months which takes the refinery to a production of 90 percent of its capacity, the second phase will be completed in 24months, while the final phase will be completed in 44months.
He also mentioned that the maintenance which is a recurring challenge for the nation’s refineries was elaborately discussed in council.
According to him a professional will be employed to manage the refinery after the rehabilitation.
BREAKING: APC Crisis: Court of Appeal dismisses Moses Agaba’s appeal against Austin Agada
BBNaija’s Phyna publicly rejects family, drops surname
Yemi Alade slams Cool FM, Clout Africa over blacklisting, refusal to forgive
BREAKING: Relief as Lakurawa terrorists flee Nigeria after military intervention
BREAKING: Supreme Court nullifies National Lottery Act, grants states exclusive control
Latest update on fuel price hike, fuel scarcity for November 22nd, 2024
Full List of 80,000 delisted companies published by CAC
Amended NDLEA Act: Senate approves life imprisonment for drug traffickers, rejects death penalty
Monday Odigie steps down as Bendel Insurance coach
Lewandowski reflects on missed Manchester United transfer
Okoye reflects on Super Eagles return after two years
