The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to transfer the operational reins of the Port Harcourt oil refinery to private operators.
According to reports, the NNPCL expressed its intention to engage reputable and credible operations and maintenance companies, emphasizing the need for reliability and sustainability in the refinery’s operations.
A publication on the company’s website on Monday outlined the contract scope, encompassing various refinery business processes such as long-term and short-term production/operations planning, execution, monitoring, reporting, optimization of operations, maintenance execution, health and safety, environmental management, minor projects, and more
Interested companies vying for this significant opportunity are required to demonstrate a minimum average annual turnover of at least $2 billion for the financial years ending in 2019, 2020, 2021, and 2022, respectively.
The decision comes in the wake of the NNPCL’s recent commencement of crude oil supply to the Port Harcourt refinery for a test run.