Okechukwu Nnodim, AbujaThe Nigerian National Petroleum Corporation is inching closer to choosing financiers for the Port Harcourt Refining Company Limited, Warri Refining and Petrochemical Company Limited and Kaduna Refining and Petrochemical Company Limited. The corporation’s Group Managing Director, Maikanti Baru, said the development held the promise of boosting petroleum products supply and distribution across the country. He said agreements on the potential financiers for the refineries were being fine-tuned, following which the endorsement of the NNPC Board would be sought this month. Baru stated that other Greenfield refineries were to be brought on board soon in Kano and Kaduna, stressing that they would source their crude from Niger Republic. He said the designs for the proposed refineries in Kano and Kaduna were ready and that the construction would commence this year.

Source: Punch January 23, 2018 23:48 UTC