NNPC Engages U.S. Firm for Port Harcourt Refinery Assessment and Investment
NNPC Limited has engaged Honeywell UOP, a U.S. firm, to assess the operational state of the Port Harcourt refinery for potential investment. The move is seen as a strategic step towards reviving the facility, with the assessment aimed at providing accurate data for prospective investors.
The engagement with Honeywell UOP, a global leader in refining technology, is part of NNPC's efforts to rehabilitate the refinery using a technical equity partnership model. This initiative is expected to enhance the efficiency of the refinery and contribute to stabilizing petroleum production in Nigeria.
The partnership model has been successfully implemented in other sectors, showing promise for the refinery's future.
Plus234Feed summary based on reporting from Ripples Nigeria. Read the original report below.
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