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Nigeria has begun plans to privatise four of its state owned refineries before the end of the first quarter of next year.
The Bureau of Public Enterprise (BPE) plans to commence the privatisation of the Warri Refinery which produces 12,400 barrels per day, Old Port Harcourt, Kaduna Refinery and New Port Harcourt refinery which pumps out 150,000 daily.
“I think the most important thing they [the buyers] need to bear in mind is crude theft and pipeline vandalisation because when you have such a huge investment and you are not able to refine products then you have a huge challenge,” Luqman Agboola, Acting Divisional head of Energy at Diamond bank told CNBC Africa.
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Source: CNBC Africa
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The Bureau of Public Enterprise (BPE) plans to commence the privatisation of the Warri Refinery which produces 12,400 barrels per day, Old Port Harcourt, Kaduna Refinery and New Port Harcourt refinery which pumps out 150,000 daily.
“I think the most important thing they [the buyers] need to bear in mind is crude theft and pipeline vandalisation because when you have such a huge investment and you are not able to refine products then you have a huge challenge,” Luqman Agboola, Acting Divisional head of Energy at Diamond bank told CNBC Africa.
Click here to read more
Source: CNBC Africa
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