FG: Rehabilitation of 43-year-old Kaduna Refinery to Be Completed Q4 Next Year

The federal government has said the rehabilitation of the 110,000 barrels per day Kaduna Refinery and Petrochemicals Company Limited (KRPC) would be completed between October and December next year.

A statement by the Nigerian National Petroleum Company Limited (NNPC), quoted that Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, as having made the remark during an inspection tour of the plant at the weekend.

This was just as it emerged that the Managing Director of the NNPC, Mr. Mele Kyari, would be expected to appear before the Senate Committee on Gas Resources this week over the management of the 60 per cent Frontier Acreages Funds.

Lokpobiri, revealed that the ongoing quick-fix project would see the 43-year-old facility begin production by the end of 2024, stressing that the optimistic projection was based on the current level of work.

In February this year, the NNPC signed a contract worth $740.6 million with South Korean firm, Daewoo E&C for the repairs of Kaduna Refinery, expected to restore the refinery to 60 per cent of its 110,000 barrels per day name plate.

At the time, the NNPC said it would be funding the contract using a combination of internally generated revenue and third-party financing.

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