Indonesian firm finalises plans to build refinery in Nigeria
NOVUS ENTERTAINMENT BROADCAST CENTER Indonesian firm finalises plans to build refinery in Nigeria The Nigerian National Petroleum Corporation (NNPC) has announced that an Indonesian engineering firm, PT Intim Perkasa, will soon embark on building a refinery in the country. Disclosing this on Wednesday in a statement, the NNPC spokesman, Ndu Ughamadu, said the engineering firm would be siting a moderate refinery, capable of producing about 10,000 barrels of crude oil per day. “We have embarked on an ambitious plan to fast-track programmes to restore our capacity utilization from 30 per cent to a minimum of 90 per cent in the next 24 months. “To do that, we are working on securing financing from third parties, not just funding, but also technical expertise,” Ughamadu quoted Maikanti Baru, NNPC group managing director, as saying. One of the senior officials, of PT Intimate Perkasa Nigeria Ltd, a subsidiary of the Indonesian company, said, ” We have already indic...