In its bid to reduce fuel importation in the foreseeable future, the Nigerian National Petroleum Corporation (NNPC) has said that nine companies have submitted bids for the co-location of new refineries within the complexes of its three existing refineries in Kaduna, Warri and Port Harcourt.
This is just at the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has clarified that he never informed the Senate Committee on Petroleum (Downstream) last Tuesday that the fuel shortages will end between April 5 and 7, but assured THISDAY in a phone conversation that concrete measures had but put in place to end them soon.
NNPC said in a statement by its spokesperson, Mr. Garuba Deen Mohammed, that the open bid exercise was a demonstration of the determination of the federal government and NNPC to increase the nation’s refining capacity from 445,000 barrels per day (bpd) to 650,000bpd.
It quoted its chief operating officer (COO) of refineries, Mr. Anibo Kragha as making this disclosure when the technical bids of the companies were opened in Abuja.
According to the statement, a technical evaluation committee has been set up to study the bids and announce winners as soon as possible.
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