NNPC says Kaduna Refinery rehabilitation going well, plans afoot for IPO
By Jeph Ajobaju, Chief Copy Editor
Rehabilitation of Kaduna Refinery and Petrochemicals Company (KDPRC) is at more than 60 per cent mechanical completion, the Nigerian National Petroleum Company Limited (NNPC), has announced.
NNPC Executive Vice President (Downstream) Isiyaku Abdullahi broke the news in Abuja at the NNPC Workshop/Engagement session with Kannywood artistes.
He said the company has been working flat out to deliver the refinery this year and is simultaneously working on the pipelines with in-house capacity.
“Kaduna in sha Allah should come on stream this year. We are working tirelessly pn the pipelines. We are working on Kaduna,” Abdullahi declared.
“God willing, it should come to stream this year. We are working tirelessly on the pipelines. We are doing in-house project; we have gone more than 60 per of mechanical completion.
“All the three refineries work directly under my superintendence. And as you are aware, God has been wonderful that with a good leadership we have been able to revamp Port Harcourt and Warri Refineries.
“And by God’s grace, this year, we will deliver Port Harcourt Refinery.”
Abdullahi urged Nigerians to prepare for the purchase of the Initial Public Offer (IPO) of NNPC very soon, saying setting aside funds for investment in oil and gas produces several derivatives.
“For all Nigerians, there is an opportunity. Very soon, we will go IPO. We will go public. Put certain amount of money aside so that you can come and get from oil and gas.”
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