NNPC taps Daewoo for Refinery Quick–Fix
The quest by the NNPC Limited to revive the nation’s refining capacity through the rehabilitation of the existing refineries has received a boost with the award of the contract for the rehabilitation of the Warri Refinery to Daewoo Nigeria Ltd.
There was also a promise to get the plant back on stream before the end of 2023.
The Managing Director of the Warri Refining and Petrochemical Company (WRPC), Mr Babatunde Bakare, disclosed this at the Quick–Fix Maintenance Service Contract Award Signing ceremony held in Abuja.
He said that the timeline for the completion of Areas 1 and 2 was 12 months from the commencement of work, adding that the refinery would operate at sixty per cent of its installed capacity after the completion of the Fluid Catalytic Cracking Unit, FCC.
Speaking earlier, the NNPC Ltd. GMD, Malam Mele Kyari, tasked the contracting company, Daewoo Nigeria Ltd., on the timely completion of the rehabilitation project.
The GMD who was represented by the Group Executive Director, Refineries and Petrochemicals, Mr Mustapha Yakubu, expressed confidence in the capacity of Daewoo to execute the contract, stressing that getting the refinery back on stream was very important to the economy.
On his part, the chief executive officer of Daewoo worldwide, Baek Jung Wan, who spoke through an interpreter, said his company was willing to work with NNPC to realise the objective of revamping the Warri Refinery.
Baek said that local processing of petroleum products was very critical to the Nigerian economy.
