The federal government has stated that two private Nigerian firms have been selected to build 217,000 barrels per day refineries in Port Harcourt and Warri under the co-location concept initiated by the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu,THISDAY reports.
The concept of co-location of refineries is to ensure that new refineries are set up to share infrastructure with Nigeria’s existing refineries in Kaduna, Port Harcourt and Warri, to boost domestic petroleum products refining capacity.
Speaking Thursday in Lagos at the conference of the Association of Energy Correspondents of Nigeria, the Chief Operating Officer in charge of Refining and Petrochemical at the NNPC, Mr. Anibor Kragha, stated that the NNPC had actually identified two private companies that will build two refineries under the co-location arrangement.
Ten investors were said to have shown interest and competence to build new refineries near the existing ones. Kragha said one company identified as LRR Group will build a 117,000 barrels per day refinery near the existing Warri refinery, while a different company identified as JALEMBA will build a 100,000 bpd refinery near the present Port Harcourt refinery.