Despite mixed reactions generated by the announcement of Port Harcourt refinery rehabilitation, particularly with the amount earmarked, the federal government of Nigeria on Tuesday finally signed the contract for the $1.5 billion rehabilitation of the refinery, located in Rivers State.
The contract was signed between the Nigerian National Petroleum Corporation (NNPC) and Tecnimont S.p.A, a subsidiary of Maire Tecnimont S.p.A.
The contract entails engineering, procurement and construction (EPC) activities for a full rehabilitation of the Port Harcourt refinery complex, aimed at restoring the complex to a minimum of 90% of its nameplate capacity.
The complex is composed of two refineries totaling an overall capacity of approximately 210,000 bpd (barrels per day).
The Managing Director (MD) of the Refining Company (PHRC), Engr. Ahmed Dikko signed the contract for the Port Harcourt refinery on behalf of the FG, while Mr. Davide Pellizola, Maire Tecnimont’s VP, Sub-Saharan Africa signed for his company.
