September 18, 2021

BREAKING: FEC Approves $1.4bn For Rehabilitation Of Warri, Kaduna Refineries

1 min read

The Federal Executive Council has approved contracts for the rehabilitation of Warri and Kaduna refineries at a cost of $1.4 billion.

The breakdown shows that $897 million is earmarked for the Warri refinery and $586 million for Kaduna refinery.

In March, the Federal Executive Council (FEC) approved the sum of $1.5 billion for the rehabilitation Port Harcourt refinery in Rivers State.

The rehabilitation is expected to turn around the refineries and set them up to meet local oil demands.

Copyright © 2020 Swift Reporters. All rights reserved. | Newsphere by AF themes.