NNPC Gives Updates On $741 Million Kaduna Refinery Project

The Nigerian National Petroleum Company Limited (NNPC) has stated it cannot specify a completion date for the Quick Fix Project at the Kaduna Refining and Petrochemical Company (KRPC), despite previous projections.

Earlier, KRPC’s Managing Director, Dr. Mustafa Sugungun, had confirmed that the $741 million rehabilitation project, awarded to Daewoo Engineering & Construction from South Korea, was expected to be finished by the close of 2024.

The project’s goal is to enhance the refinery’s production capacity of 110,000 barrels per day, aiming for at least 60% operational efficiency.

Dr. Sugungun, speaking at the inauguration of a refurbished Rido Community Primary School and a solar-powered borehole in Maraban Rido, Kaduna, reaffirmed NNPC’s dedication to its host communities through Corporate Social Responsibility (CSR) initiatives.

However, he did not provide further details on whether the original completion timeline for the refinery’s rehabilitation remains achievable.

The Kaduna Refinery, which has been non-operational for several years, plays a crucial role in Nigeria’s strategy to reduce dependency on imported petroleum products.

Emmanuel Ajiboye, the Manager of Operations, who represented Dr. Sugungun at the event, underscored that the Quick Fix Project’s successful execution would have significant economic benefits, including job creation, support for local businesses, and a boost to the informal economy.

Ajiboye also explained that the renovated school would offer a better learning environment for both students and teachers, while the borehole project aims to alleviate water shortages in the area.

He further stressed KRPC’s ongoing commitment to sustainable development through various initiatives, including youth empowerment, rural electrification, medical outreach programmes, and other community-based projects.

Ajiboye urged the Rido community to continue supporting the Quick Fix Project, noting that its successful completion would strengthen ties between KRPC and the community.

Meanwhile, NNPC spokesperson, Femi Soneye, addressed recent reports suggesting that the KRPC Quick Fix Project would be completed by December 2024.

We wish to clarify that the project is progressing steadily within the contractually defined scope of work.

“The planned completion date will depend on the successful completion of this scope and any additional work arising from third-party inspections of critical equipment. Once a definitive completion date is determined, it will be communicated accordingly,” Soneye stated.

SOURCE: NaijaNews

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