Business NNPC opens Tender Seeking Partners to Revive Nigeria's Ailing Refineries

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The Nigeria National Petroleum Corporation, NNPC, has launched bidding to find partners to overhaul its ailing refineries, it said in a tender published on Tuesday.

NNPC is seeking partners for joint ventures to "fund, rehabilitate and jointly" operate the 210,000-barrel-per-day Port Harcourt refinery, the 110,000-bpd Kaduna refinery and the 125,000-bpd Warri refinery, according to the tender which was published in newspapers.

Bidding will end on May 30.

Investors would be paid from proceeds from the sale of refined products, the tender said.


Reuters
 

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