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NNPC, investors begin relocating 100,000 barrel per day refinery from Turkey to Nigeria

NNPC, investors begin relocating 100,000 barrel per day refinery from Turkey to Nigeria

- The Nigerian National Petroleum Corporation (NNPC) announced the relocation of a 100,000-barrels-per-day brownfield refinery from Turkey to Nigeria

- The relocation of the refinery is part of the refinery co-location initiative designed by the federal government to boost local refining capacity

- The refinery would be relocated and installed near the Port Harcourt refinery under the NNPC refinery co-location initiative

The Nigerian National Petroleum Corporation on Tuesday, August 14, announced plans to relocate a brownfield refinery with a production capacity of 100,000 barrels per day (bd) formerly owned by BP Plc from Turkey to Nigeria, The Punch reports.

Maikanti Baru, the group managing director, NNPC, disclosed this while speaking on efforts being made to achieve self-sufficiency in local refining besides the rehabilitation of Nigerian refineries.

Legit.ng gathered that the plan was part of its refinery collocation initiative designed to boost local refining capacity to end the era of petroleum products importation, adding that a group of investors had commenced the process of relocating a refinery that used to be owned by BP from Turkey to Nigeria.

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A statement issued by Ndu Ughamadu, the corporation’s group general manager, Group Public Affairs Division, in Abuja, said that the refinery from Turkey would be relocated and installed near the Port Harcourt refinery under the NNPC refinery collocation initiative.

He said: “Our collocation initiative aimed at getting private sector investors to bring in brownfield refineries so that they can share facilities is also yielding results. For example, there is one that is going to be brought in from Turkey to be located near the Port Harcourt refinery.

“It’s not a modular refinery; it’s a normal refinery with about 100,00bpd capacity. It was owned by the BP, but it has been sold off now to the companies that want to bring it over from Turkey to install it here.”

The NNPC boss further explained that a similar plan to establish a brownfield refinery near the Warri refinery was also in the offing.

“There is another one of about the same size being looked at to be sited near the Warri refinery. But the one for Port Harcourt is at a more advanced stage. Our drive at the NNPC, as a leader in the industry, is to expand our local refining capacity and make Nigeria a global refining hub,” he said.

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Legit.ng previously reported that a prosecution witness in the case of money laundering and false declaration of assets involving former Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Andrew Yakubu, concealed $9,772,800 found in his apartment.

Sambo Maina, the witness spoke on Thursday, May 10, in the EFCC asset declaration form. Maina, an operative of the EFCC, stated this while testifying as the fourth prosecution witness before Justice AR Mohammed of the Federal High Court, Abuja.

The EFCC says he also told the court that the former NNPC boss also failed to declare the sum of £74,000 found in his building to the EFCC in the said form.

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Source: Legit.ng

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