Home BUSINESS OIL & GAS NNPC Signs MOU With South Korea’s Daewoo To Rehabilitate Kaduna Refinery

NNPC Signs MOU With South Korea’s Daewoo To Rehabilitate Kaduna Refinery

The Nigerian National Petroleum Company (NNPC) Ltd has singed Memorandum of Understanding (MoU) with Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery.

The signing was done in the presence of President Muhammadu Buhari of Nigeria today, October 27 in South Korea, at the end of the visit by Buhari to the Asian country to attend the First World Bio Summit.

The signing of MoU on Kaduna refinery came against the backdrop of the ongoing rehabilitation works at Warri refinery by same Daewoo Group, which will at the first instance, deliver fuel production before the first half of 2023.

“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 seven project and also constructing sea-going LPG vessels for NNPC and her partners.”

Nigerian leader said that he looked forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the NLNG Train Seven.

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“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,” President Buhari told the Korean conglomerate at the end of the significant ceremony on the last day of his visit to the Asian country.

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