BREAKING NEWS

Metro

World

Spiritual

13 Jul 2017

No plan To Concession Port Harcourt Refinery, Ibe Kachikwu

The Federal Government said on Thursday it has no intention to concession the Port Harcourt Refinery.

The government also said the planned revamping of the Port Harcourt Refinery would cost the country about $300 million.

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, made the clarification at a sitting of the Senate ad-hoc committee on “the planned concession of the Port Harcourt Refinery to Agip/Eni and Oando plc.”

The Chairman of the ad-hoc committee, Senator Abubakar Kyari, asked the minister to clarify the statement credited to him that the federal government was sourcing for investors to take over the Port Harcourt Refinery.

A member of the committee, Senator Dino Melaye,  also asked Kachikwu to tell the committee whether the Memorandum of Understanding (MoU) on the concession had been signed.

Melaye wanted the minister to react to another report that approval for the concession had already been given by the federal government.

Kachikwu, in his response, said the government has not approved the concession of the Port Harcourt Refinery.

He, however, said government would no longer finance the turnaround maintenance of refineries in the country.

PLACE YOUR TEXT ADVERT BELOW:>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>

How I Made Me =N=2.5 MILLION In 7 Days from 2 Common Product I Imported and how you can do the same. Click HERE FOR FREE Details right now

Warning To Men: This 3 Foods Is Killing Your Erection. Click Here To Know Them

Secret Fruits that increased my Manhood and makes me last 55 minutes+ all time - Click here to get it

Warning: Got Arthritis? 3 Simple Ways To Get Cured And Be Permanently Free From Joint Pains. Click Here To See Them

REVEALED!! Reduce Your Blood Sugar Level And Reverse Diabetics Within A Short Period Of Time. Click Here To See How

MIDNIGHT,Pressed Mr Kilanko Suddenly Couldn't Urinate. Shrink your Enlarged Prostrate Here! Click Here Now

Loading...

SHARE YOUR STORY WITH US VIA EMAIL: INFO@247NIGERIANEWSUPDATE.CO

RECEIVE NEWS VIA OUR WHATSAPP, KINDLY TEXT +234 701 056 0394 TO ADD YOU

CLICK HERE TO JOIN US ON OUR YOUTUBE CHANNEL FOR NEWS UPDATE

CLICK HERE TO JOIN US ON TWITTER FOR INSTANT NEWS UPDATE: @247NGNEWSUPDATE

CLICK HERE TO JOIN MILLIONS AROUND THE GLOBE TO READ NEWS ON OUR FACEBOOK FAN PAGE

FOR INSTANT UPDATES ON INSTAGRAM CLICK HERE

RECEIVE INSTANT NEWS UPDATE VIA OUR BBM BROADCAST: D3EDEFDF

Post a Comment

 
Copyright © 2015 247 Nigeria News Update
Website by Tech Guardian