NNPCL, Daewoo Construction Sign Contract For Kaduna Refinery Repair

The Nigerian National Petroleum Company Limited (NNPCL) and Daewoo Engineering Construction Nigeria Limited have signed a maintenance service contract for the quick-fix repairs of the Kaduna Refining and Petrochemical Company Limited (KRPC).

The Group Chief Executive Officer, NNPCL, Malam Mele Kyari and CEO of Daewoo E&C Nigeria, Jung Taewon, signed the contract on behalf of their respective organisations.

The proposed quick-fix initiative on KRPC is expected to restore it to a minimum of 60 per cent of its nameplate capacity by fourth quarter of 2024.

Kyari said restoring local refining capacity would guarantee energy sufficiency, being one of the key things Nigeria required for economic growth.

“There is no way a developing country will talk about energy transition without talking about petroleum products.

"We understand engagements and conversation around energy transition but we need the liquids of today.

“The only way we can guarantee that is to have local refining capacity restored.

"We are conscious of the fact that our four refineries in three locations are down now, undergoing rehabilitation process.

“Port Harcourt is on course, Warri is also on schedule and we are committing this Kaduna refinery.

"Ultimately, our 18 million litres per day gasoline production capacity will be restored.

“This will also complement the production start off of Dangote refinery which we have 30 per cent equity, we are hopeful that Nigeria will be self-sufficient in the supply of petroleum products, particularly gasoline in 2023,” Kyari said.

While expressing hope for the project to be delivered on schedule, Kyari assured the company of safety and security, adding that there would be no risk to its personnel in the course of carrying out their duties.

Also speaking, the CEO of Daewoo E&C Nigeria, Choi Jungwon, while thanking the NNPCL for the opportunity given to the company to serve pledge to deliver the project as expected and scheduled in terms of quality.

The Chairman of the company, Joseph Penawou, also thanked the NNPCL for trust and confidence reposed on the company and promised to deliver the project timely. 

NAN