Dr. Emmanuel Ibe Kachikwu, The minister of state for petroleum,
said on Tuesday that the federal government is in talks with oil majors
Chevron, France’s Total and Italy’s ENI to get help revamping the ailing
refineries in Africa’s top crude producer, Reuters reports.
For weeks, motorists across the country have been queuing to get
petrol and the NNPC has been struggling to restart its outdated
refineries in Port Harcourt, Warri and Kaduna to meet this demand as
well as to end its dependency on costly fuel imports.
Kachikwu, who also heads state oil firm NNPC, said Nigeria wanted to
privatise the refineries within 12 months following repairs. “We have
gotten commitments from some of the majors. (ENI’s) Agip has indicated
interest to work with us on Port Harcourt, Chevron on Warri,” he told
the Senate.
Credit: Energymixreport
“We are talking to Total on Kaduna” he added. Kachikwu has
previously said NNPC was looking at partnerships or takeovers.
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