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NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery - Politics - Nairaland

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Experts Criticize FG Over ₦568.5 Billion Vote To Repair Loss-Making PH Refinery / Bala Mohammed Awards ₦3.6 Billion Contract To His Own Company / NNPC Signs $3.15bn Financing For OML 13 (2) (3) (4)

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NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by kirajustice: 8:45am On Apr 07
POLITICSNIGERIA.COM

The drive by the Management of the Nigerian National Petroleum Corporation (NNPC) to boost in-country refining capacity was bolstered on Tuesday with the signing of the Engineering, Procurement, Construction, Installation and Commissioning (EPCIC) contract for the rehabilitation of the 210,000 barrels per day capacity Port Harcourt Refinery in Alesa-Eleme, Rivers State.

The rehabilitation project which has a completion timeline of between 18 and 44 months under a three-phase arrangement was awarded to Milan based Tecnimont SpA at a lump sum contract price of US$1.5 billion, inclusive of VAT and other statutory payments.

An elated Group Managing Director of the NNPC, Mallam Mele Kyari, described the PHRC rehabilitation project as a dream come true, noting that the project was in line with President Muhammadu Buhari’s promise to the Nigerian people to make the refineries work.

Mallam Kyari reiterated that in arriving at the choice of Tecnimont SpA, the Corporation embarked on a transparent tender process which can withstand any forensic audit, noting that NNPC was ready and open to answer any question pertaining to the project.

He assured that the same transparent process has been emplaced for the rehabilitation of the Warri and Kaduna Refineries whose EPCIC contracts would be awarded in June 2021.

The GMD explained that the rehabilitation exercise was very different from a routine Turn-Around Maintenance as it would entail a total retrofitting of the plant with major part and equipment replaced with new ones.
Providing further insight into the project, Managing Director of Port Harcourt Refining Company Limited, Engr. Ahmed Dikko, explained that Phases 1 and 2 of the project would get the refinery ready to receive hydrocarbon, while Phase 3 will focus on the start-up the refinery for operation, stressing that the entire work shall be delivered in 44 months from today.

In his remarks, Vice President, Sub-Saharan Africa Region of Tecnimont SpA, Davide Pelizzola, pledged the readiness of his company to work assiduously with the NNPC to comply with the terms and obligations of the contract.

The signing ceremony of the PHRC rehabilitation project was witnessed by the Nigeria Extractive Industries Transparency Initiative (NEITI), Infrastructure Concession Regulatory Commission (ICRC), Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) and the Nigeria Union of Petroleum and Natural Gas Workers NUPENG amongst others.
https://politicsnigeria.com/nnpc-signs-1-5billion-contract-for-rehabilitation-of-ph-refinery/

1 Like

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Alejoas(f): 8:47am On Apr 07
This country is a sorry case, the people were not in support or this yet it pulled through. shocked Look at how happy the oyinbo boy was over a serious matter? It feels more like an award 'well deserved' than contracts signing. I have ten to twenty four hours guaranteed external battery for your laptop. Do you need one? This contract is a win - win scenario for all those involved, but sadly the Nigerian people will only hang on to hope. Our leaders are not worthy of our trust, i can still remember Osinbajo talk about modular refinery during the campaigns cry

37 Likes 2 Shares

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by DennisEche(m): 8:47am On Apr 07
grin grin grin, SAI BABA. I JUST WIONDER HOW ZOMBIES ARE FEELING RIGHT NOW BECAUSE THEIR BABA HAVE DISSAPPOINTED THEM. IMAGINE THE WASTE GOING TO OUR DEAD REFINERRY

20 Likes 1 Share

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by oilking: 8:47am On Apr 07
Hmm
Cash out
Cash NNPC
Them don pin their clients (nigerians)

16 Likes 1 Share

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by unbiased2021: 8:47am On Apr 07
looters looking for more looting ways before Nigeria finally disintegrates

24 Likes 1 Share

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by sevo(m): 8:47am On Apr 07
Another avenue to loot funds...cash out season

9 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Abilistic(m): 8:47am On Apr 07
Final cashout cheesy

The main thing is to keep the main thing the main thing.

9 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Mekudi: 8:47am On Apr 07
Yahoo yahoo government

10 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by coolcharm(m): 8:47am On Apr 07
Somebody is about to cashout big time.

NNPC spending $1.5 billion on rehabilitating a refinery that hasn't ever made profit!


The more we look, the more we see, but the less they think we know.

Criminals

17 Likes 1 Share

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by slawormiir: 8:48am On Apr 07
Damnnn niggarrrr
Isoright

16 Likes 1 Share

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Weedhustler: 8:48am On Apr 07
Wetin dem dey rehab? Are dey on drugs?
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by IamNumeroUno: 8:48am On Apr 07
They still went ahead with this kangaroo repairs!

And you wonder why the people are revolting?
You can't keep pressing them down and expect them not to scream. They scream only how they know best. Some may feel it would be loudest to scream at police stations and correctional facilities.

You steal from the masses and send your kids to better schools abroad, positioning them to take up juicy positions of authority in the government or government agencies.

Na ogun go kee allof una there!

17 Likes 1 Share

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by whytediamond(m): 8:48am On Apr 07
They've vowed to loot the treasury dry. Animalistic moves every administration.

As long we keep shut, we will always empower these few blood suckers power to fester.

Na fashion items i dey sell.

2 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Dtreasure: 8:48am On Apr 07
I hope the funds will be use for the Purpose
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Yusufisraelj(m): 8:48am On Apr 07
conod:
We hope the money doesn't get looted. embarassed We hope.


Sincerely
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by HansSpeke: 8:48am On Apr 07
grin grin grin

One day one day southerners will get their senses back

6 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by DjAduba(m): 8:48am On Apr 07
If they dont do a reasonable job this time I will give up on Nigeria totally. Good luck.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by cardoctor(m): 8:48am On Apr 07
Another one
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by santislim8(m): 8:49am On Apr 07
Sho ni CC (refinery rehabilitation)
Load am cash app (sign contract )
Cashout
O ni maga bill am (Nigerians)
Small money ball out (no minimum wage)
Usain bolt run am ( Presidency )
You get sure client ( Nigerians )
Lock am ( perpetual poverty)
If you no get money leave am
Efcc n'bo japa (Join APC)

11 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by donprinyo: 8:49am On Apr 07
gan gan
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by pickatyou1: 8:50am On Apr 07
R.I.P 1.5 billion usd.

5 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by samnet123: 8:50am On Apr 07
What about the previous once,abi that one nah fake signature?
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Tajbol4splend(m): 8:50am On Apr 07
Weedhustler:
Wetin dem dey rehab? Are dey on drugs?


I wonder what the people of Nigeria want, isn't it a good step to rehabilitate the refineries
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Drsnives(m): 8:51am On Apr 07
Kweeeeke oo

I foresee half the money looted.

This I have seen

1 Like

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by obyrich(m): 8:51am On Apr 07
Kai dem don cash out big time. I.5 Billy dolls. Omo this kwantiri sweet o grin

1 Like

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by alphaconde(m): 8:51am On Apr 07
so this fraud no let this government avoid,
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by shiki(m): 8:51am On Apr 07
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Neutralobserver: 8:51am On Apr 07
Hopefully they are serious about it this time.

But even then, the renovation would not work unless the refinery is also allowed to run profitably, and that can only happen if subsidy is removed completely and totally, PPPRA is scrapped fully, and the price of fuel is set by the marketer, not the government...and ideally NNPC is totally privatised.

Otherwise it is just money down the hole.
Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Lovethaa: 8:52am On Apr 07
Another corrupt official just CASHED OUT...

2 Likes

Re: NNPC Signs $1.5 Billion Contract For Rehabilitation Of PH Refinery by Egoveen: 8:52am On Apr 07
slawormiir:
Damnnn niggarrrr
Isoright
Issoright when you have a chilled bottle of Gulder garnished with Isale oyo weed by your side.....now that's paradise.

3 Likes

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