May 19, 2024
NNPC, Tecnimont sign $1.5bn PH refinery rehabilitation contract
– By Alison_Godswill

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NNPC, Tecnimont sign $1.5bn PH refinery rehabilitation contract

The Nigerian National Petroleum Corporation, NNPC, has signed the $1.5 billion contract with the Italian firm, Tecnimont SpA for the complete rehabilitation of the Port Harcourt Refinery.
Speaking at a contract signing ceremony in Abuja, NNPC Group Managing Director, Mallam Mele Kyari said: “Me and my colleagues in NNPC, we are over 7,000, and this moment, we are very proud to say we have done the right thing. We have done the right thing because it a very abnormal situation”.

 “First and foremost, we all agree that no one will drag in labor unions, transparency international, infrastructure concenssioning and regulatory agency of the country into a tender process. If we had anything to hide or worry about, we won’t do this.

 “Me and my colleagues, we are very proud that we did this so that this tender process which culminated in this event of today is monumental history for us.

“We are aware of the many of the misgivings in the public space around cost, around political compromises, even around potentially why do we even have to do this. We understand this.

“Some people in their own world because if they have the opportunity, this is what they would do. If they have the opportunity they would hike up the cost, they would have seen it as an opportunity to make or earn income that they have not worked for. They would also see it as an opportunity for political patronage.

 “As we speak, I can confirm to you that if I see the COO Tecniomont, I cannot recognize him. As a matter of fact, when I came in, I had difficulty remembering whether I had met him, with due respect”, he stated.

Kyari also said: “Since 2010, we thought that we will do this rehabilitation work through the original refinery builders. We have said this over and over. Original refinery builders are not in the business of fixing refineries. That is not their line of business”.
Similarly, Tecnimont COO, Mr. Davide Pellizola said the company is proud to have won the contract.

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