The Nigerian National Petroleum Corporation (NNPC) says it will no longer be involved in the management of the nation’s refineries after their rehabilitation.
Its Group Managing Director (GMD ) Mallam Mele Kyari, disclosed this in an interview on Arise TV breakfast programme, The Morning Show on Wednesday.
He said that upon completion of the ongoing rehabilitation exercise, the services of a company world be procured to manage the plants on an Operations and Maintenance (O&M) basis.
Kyari revealed: “We are going to get an O&M contract, NNPC won’t run it. We are going to get a firm that will guarantee that this plant would run for some time.
“We want to try a different model of getting this refinery to run. And we are going to apply this process for the running of the other two refineries.”
He explained that the plan, ultimately, is to get private partners to invest in the refineries and get them to run on the NLNG model where the shareholders would be free to decide the fate of the refineries going forward.
Kyari stated that this model, which is totally different from previous approach, would guarantee the desired outcome for the refineries.
Study @ Achievers University
