Post by Arise News (@arisenews)

MoU for Warri Refinery Rehabilitation Signed with a Real Estate Company - Oye

We conducted due diligence on the two Chinese firms selected to rehabilitate the Warri and Port Harcourt refineries: Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd.
One firm has no track record in refinery turnaround maintenance and is facing financial constraints, raising doubts about its capacity to mobilize for the project. The other operates primarily as a real estate company. Compared with the contractors that failed us in the past, both appear less experienced and less qualified. NNPC Silent on $1.5 Billion Approved for Warri Refinery

Dele Oye, Former President, Organised Private Sector

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