The Nigerian National Petroleum Company NNPC has signed a contract with a South Korean company for the maintenance and re-streaming of the Kaduna refining petrochemical company.
The NNPC says the project is estimated to cost 740,669,600 U.S dollars
the Kaduna refinery has a one hundred and ten thousand barrels per day capacity and it is one of Nigeria’s four dysfunctional refineries that have not produced fuel for years.
the maintenance and re-streaming contract will be carried out by the Daewoo engineering, the same company carrying out rehabilitation of Warri refinery.
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The NNPC management and the Korean ambassador to Nigeria said that restoring the refineries will guarantee energy security for Nigeria.
NNPC limited says it is using a combination of internally generated revenue and third party financing to execute the repairs of the refineries.
