The federal government of Nigeria on Tuesday signed the contract for the $1.5 billion rehabilitation of the Port Harcourt refinery, located in Port Harcourt, Rivers State.
TheNewsGuru.com (TNG) reports 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 project will be delivered in phases from 24 and 32 months and the final stage will be completed in 44 months from the award date.
TNG reports the Managing Director (MD) of Port Harcourt 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.