9 Firms Jostle To Build New Refineries

refinery

The Nigeria National Petroleum Corporation, NNPC, has confirmed that nine companies have so far submitted bids for the co-location of refineries in the country.

This is contained in a statement signed by Group General Manager, Group Public Affairs Division, Garba Deen Muhammad, on Thursday in Abuja.

The statement explained that the NNPC is committed to boosting the nation’s refining capacity which in turn would end the perennial fuel scarcity in the country.

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It was also disclosed in the statement that NNPC Chief Operating Officer Refineries, Anibo Kragha, explained that the open bidding exercise was a demonstration of the determination of the federal government to increase the nation’s refining capacity from 445,000 barrels per day to 650,000.

“The aim is to leverage on the existing facilities to fast track the take-off of the refineries as soon as possible,” he said

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He noted that a technical evaluation committee has been set up to study the bids and announce winners as soon as possible.

Also, the corporation’s General Manager, Supply Chain Management, Sophia Mbakwe enjoined all the companies to accept the outcome as the exercise would be transparent.

She added that all the rules of public procurement as spelt out in the Bureau for Public Procurement Act would be strictly adhered to.

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The statement noted that the exercise was witnessed by representatives of the Nigerian Extractive Industry Transparency Initiative, NEITI, and the Bureau for Public Procurement, BPP.

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