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The Nigerian National Petroleum Company (NNPC) Limited has signed maintenance services contract with Daewoo Engineering and Construction Nigeria Limited for “quick-fix repair” of Kaduna Refining and Petrochemical Company (KRPC) Limited

Daewoo Nigeria is a subsidiary of Daewoo E and C Co. Ltd of South Korea, having a share equity of 90 percent in South Korea and 10 percent in Nigeria.

“The national oil company made this known in a tweet on Thursday.

The NNPC had signed a memorandum of understanding (MoU) with Daewoo Group, a South Korean conglomerate, for the rehabilitation of the Kaduna refinery”.

In August 2021, the Federal Executive Council (FEC) approved $1.48 billion for the rehabilitation of both Warri and Kaduna refineries. Engr Desmond Inyamah, then Acting Managing Director, Warri Refining and Petrochemical Company (WRPC), said the refinery will commence full operations in December 2023.

Last month, Timipre Sylva, Minister of State for Petroleum Resources, expressed hope that Nigeria may stop the importation of petroleum products by the first quarter of 2024.

Sylva said the Port Harcourt Refinery, which has a capacity of 60,000 barrels per day (bpd), will be partially restored and ready for operation by the first quarter of 2023.

The minister said in addition to several modular refinery projects in the country, the 650,000 (bpd) Dangote refinery is also expected to be operational by the end of 2023.

According to Sylva, with the combined production capacities of the Port Harcourt refinery, Dangote refinery, and the modular refineries, Nigeria would end the importation of petroleum products soon.


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