The Warri and Kaduna refineries are to be rehabiltated at a total cost of $1.5 million.
The Federal Executive Council has approved the acquisition of 20 per cent minority stakes by theThe Minister of State for Petroleum Resources, Timipre Sylva, briefed State House correspondents after the virtual FEC meeting presided by Vice President Yemi Osinbajo on Wednesday at the Presidential Villa.He said that council also approved contracts for the rehabilitation of Warri and Kaduna refineries.
“The Executive Council also approved the acquisition of 20 per cent minority stakes by the NNPC in the Dangote Petroleum and Petro-Chemical Refineries in the sum of 2.76 billion dollars.
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