The Nigerian National Peteoleum Company Limited(NNPCL) and Daewoo Engineering & Construction Nigeria Ltd. have signed the contract for maintenance services for quick-fix repairs of the Kaduna Refining & Petrochemical Company Ltd (KRPC).
Mele Kyari, Group Chief Executive Officer(GCEO) of NNPCL , signed the contract with Seung-II Cho, President, Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery on Thursday, in Abuja.
This was a follow up to the Memorandum of Understanding (MoU) and Letter of Intent (LOI) that was signed by NNPC and the Daewoo Engineering and Construction (Daewoo E&C) for the revised strategy of quick–fix maintenance service contract for the Kaduna Refining & Petrochemical Company (KRPC) last year in Seoul, South Korea, when President Muhammadu Buhari visited that country.
EnergyDay gathered that the Kaduna Refinery, a subsidiary of NNPC, which was shut down almost two years ago, is a 110,000 barrels per day oil refinery built by Chiyoda System Technologies Corporation, a Japanese company in 1983.
Over the years, billions of Naira have been spent on Turn- Around- Maintenance(TAM) and salaries of workers of refineries, despite its present state.
EnergyDay, Daewoo Group is also the contractor handling the ongoing rehabilitation works at Warri refinery, which was contracted in August, 2021, and expected to deliver fuel production before the end of 2023.
Following the final award of contract by NNPCL to Daewoo E&C for the emergency repair work of the Kaduna oil refinery, the deal is expected to be performed exclusively in the form of a private contract, as agreed in final contract negotiations agreed between NNPC and Daewoo.