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NNPC, Daewoo sign MoU for rehabilitation of Kaduna refinery

The Nigerian National Petroleum Company Ltd (NNPC) and Daewoo Group have signed a Memorandum of Understanding (MoU) for the rehabilitation of the Kaduna Refinery.

The President’s Special Adviser on Media and Publicity, Femi Adesina, in a statement yesterday in Abuja, said the president was particularly excited as the signing came on the back of on-going rehabilitation works at the Warri Refinery by the same Daewoo Group of South.

He said when completed, the Warri Refinery rehabilitation works will at the first instance, deliver fuels production before the first half of 2023.

Adesina quoted President Muhaamadu Buhari as saying: “Daewoo Group has massive investments in the automobile, maritime and other sectors of our economy.

“I am also aware that Daewoo is currently engaged in the execution of the NLNG Train 7 project and also constructing sea-going LPG vessels for NNPC and her partners.”

The President said he looked forward to the delivery of on-going projects, especially at the Warri and Kaduna refineries, and the NLNG Train 7.

“This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria.

“I thank you for your faith in Nigeria,” Buhari told the Korean conglomerate at the end of the significant ceremony on the last day of his visit to the Asian country to attend the First World Bio Summit. (NAN)

When completed, the Warri Refinery rehabilitation works will at the first instance, deliver fuels production before the first half of 2023.

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