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NNPC, Investors To Relocate Refinery From Turkey To Nigeria - Business - Nairaland

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NNPC, Investors To Relocate Refinery From Turkey To Nigeria by DEHVEHLOP(m): 7:00am On Aug 15, 2018
Okechukwu Nnodim , Abuja
The Nigerian National Petroleum Corporation on Tuesday announced plans to establish a 100 , 000 -barrels -per -day brownfield refinery each in Port Harcourt , Rivers State and in Warri , Delta State .
It said 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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The Group Managing Director , NNPC , Maikanti Baru , disclosed this while speaking on efforts being made to achieve self - sufficiency in local refining besides the rehabilitation of Nigerian refineries .
According to a statement issued by the corporation ’s Group General Manager , Group Public Affairs Division , Ndu Ughamadu , in Abuja , Baru said that the refinery from Turkey would be relocated and installed near the Port Harcourt refinery under the NNPC refinery collocation initiative .
He was quoted as saying , “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 ,00 bpd 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 .”
Baru 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 .
The NNPC. in an apparent response to reports of a possible resort to “proceed of gas tariffs” as a new means of funding because of purported collapse of negotiation with Chinese lenders , said the contractor finance arrangement was still intact .
READ ALSO : Dankwanbo holds closed -door meeting with Obasanjo
It said the Engineering Procurement Construction contractors and possible lenders were currently in Dubai to discuss the financing terms .





https://punchng.com/nnpc-investors-to-relocate-refinery-from-turkey-to-nigeria/

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by YourImaginaryBF: 7:12am On Aug 15, 2018
God bless Buhari. wink

30 Likes 1 Share

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by YourImaginaryBF: 7:12am On Aug 15, 2018
we are making progress.

7 Likes 1 Share

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by itiswellandwell: 7:35am On Aug 15, 2018
Hmmm
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by MrHighSea: 7:35am On Aug 15, 2018
Another talk talk

14 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by MANNABBQGRILLS: 7:35am On Aug 15, 2018
Good development Federal Government.

4 Likes 2 Shares

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by edo3(m): 7:36am On Aug 15, 2018
Election don come,,many campaign promises that will never come to fulfilment..

2face song comes to mind,,''E be like say dem want to tell me anoda story again o''..

Nigerians,,let's rise above ethnic n religious sentiments and fight collectively against these few set of humans that has made our lives and that of our children seems not promising enough as compare to theirs and that of their children..

26 Likes 3 Shares

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by mattonnairaland: 7:36am On Aug 15, 2018
That's good progress since the ones we have here are not working

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by Ijaya123: 7:36am On Aug 15, 2018
The best time to have done that was yesterday.

Nevertheless, hope it becomes reality pretty soon.

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by gadgetsngs: 7:37am On Aug 15, 2018
Erection is around the corner
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by AngelicBeing: 7:37am On Aug 15, 2018
sad

3 Likes 1 Share

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by abescom: 7:37am On Aug 15, 2018
Some people will neither like nor believe this news as it is not a negative news that they can masturbatee on.

Gradually Nigeria is getting there. But people who help the mess PDP created in 16 years should be cleared in 4 years won't believe.

4 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by Greenarrow01(m): 7:38am On Aug 15, 2018
These people should better do these things fast.
By 2030
The world would be relying more on electric cars than cars powered by fosil fuels. They just have about 25 tears to go.
Cos the rate at which elon musk is going.... not to talk about the clones in china

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by gare(f): 7:38am On Aug 15, 2018
THIS IS WHAT I AM TALKING ABOUT, IT IS PROJECTS LIKE THIS THAT WILL MOVE THE ECONOMY, PROVIDED ALL FABRICATION IS DONE IN NIGERIA, A LOT OF PEOPLE WILL BE EMPLOYED, BUSINESSES WILL BOOM IN ALL THIS AREAS, NOT HANDING OUT CASH TO PEOPLE.

I DO HOPE IT COMES TO LIGHT.

3 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by iammo(m): 7:38am On Aug 15, 2018
"to", "will", "shall", "will soon commences", "sign its memorandum of understanding".

4 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by deepwater(f): 7:38am On Aug 15, 2018
Lol

If only people knew that private refinery in Nigeria would be monopolized and the slot belongs to Dangote himself.

grin

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by fr3do(m): 7:38am On Aug 15, 2018
Ok we are waiting
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by Corrinthians(m): 7:40am On Aug 15, 2018
Good news. I hope this still doesn't hurt some people. wink

Sai Baba till eternity! cheesy

2 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by deepwater(f): 7:40am On Aug 15, 2018
gare:
THIS IS WHAT I AM TALKING ABOUT, IT IS PROJECTS LIKE THIS THAT WILL MOVE THE ECONOMY, PROVIDED ALL FABRICATION IS DONE IN NIGERIA, A LOT OF PEOPLE WILL BE EMPLOYED, BUSINESSES WILL BOOM IN ALL THIS AREAS, NOT HANDING OUT CASH TO PEOPLE.

I DO HOPE IT COMES TO LIGHT.

All fabrication? What level of technology do you think we have in Nigeria self.

Ok the machining and fitting will be done overseas and brought back here for welding?

How many CNC machine do we have in this country? How many industrial parks run without private power generators, my dear it's not just wishful thinking.

Nigeria is designed to fail at this pace
I bet you, one Turkish boy wey no finish primary six na him go boss our graduate engineers for Onne fab. yard last last

3 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by DaV8King(m): 7:40am On Aug 15, 2018
Great move, if well executed.

Planning in Nigeria: World class

Paperwork/bureaucracy in Nigeria : World class at delay

Execution of plans in Nigeria: Less than gutter class

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by abbaapple: 7:44am On Aug 15, 2018
angry



Some people hate to see such news as there break fast! Most especially Ipobpigbians from other Yeast part! Smh

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by Dollabiz: 7:45am On Aug 15, 2018
ohh
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by Nobody: 7:45am On Aug 15, 2018
YourImaginaryBF:
God bless Buhari. wink
This is campaign strategy jare . Where are the modular refineries now. Where are the hundred per cent working capacity of the existing refineries they promised us before removing the subsidy which they said they would use the subsidy money to fix? This is a govt of lies, shikena. Have you seen the job they said they would create , using the subsidy money? I doubt if you know they say they still pay the subsidy they claim say dem don remov teeyteey. If they're serious, let them fix all the local refineries first as they promised, then relocate the one from Turkey thereafter . I don't believe them for a second.

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by LajaLaba: 7:45am On Aug 15, 2018
Waiting for the IPOBs
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by thelegend1(m): 7:47am On Aug 15, 2018
So it had to take Dangote breaking into their cabal for them to sit up? This should have been done 30 years ago
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by Lanre4uonly(m): 7:47am On Aug 15, 2018
It's a welcome development.
Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by iwatch: 7:53am On Aug 15, 2018
edo3:
Election don come,,many campaign promises that will never come to fulfilment..

2face song comes to mind,,''E be like say dem want to tell me anoda story again o''..

Nigerians,,let's rise above ethnic n religious sentiments and fight collectively against these few set of humans that has made our lives and that of our children seems not promising enough as compare to theirs and that of their children..

The South and middle belt can come together because majority are educated enough to put religion aside than those in core north who neither have the education nor the foresight to do likewise .

2 Likes

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by YourImaginaryBF: 7:53am On Aug 15, 2018
fairfora:
This is campaign strategy jare . Where are the modular refineries now. Where are the hundred per cent working capacity of the existing refineries they promised us before removing the subsidy which they said they would use the subsidy money to fix? This is a govt of lies, shikena. Have you seen the job they said they would create , using the subsidy money? I doubt if you know they say they still pay the subsidy they claim say dem don remov teeyteey. If they're serious, let them fix all the local refineries first as they promised, then relocate the one from Turkey thereafter . I don't believe them for a second.
they are not supposed to be ready until until 2019. You should commend what is commendable.

1 Like

Re: NNPC, Investors To Relocate Refinery From Turkey To Nigeria by soundforce: 7:54am On Aug 15, 2018
gadgetsngs:
Erection is around the corner
That's not their only reason. Now that equipment are from TURKEY, they will likely want mainly or only MUSLIMS to run the the REFINERY as staff. NIGER-DELTA GO BOIL AGAIN!!
BUHARI!!!

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