The federal government will in September this year, reveal the new investors that will manage the state-owned refineries – Port Harcourt Refining Company (PHRC), Warri Refining and Petrochemicals Company (WRPC), and Kaduna Refining and Petrochemicals Company (KRPC), the Minister of State for Petroleum, Dr. Ibe Kachikwu has said.
Speaking recently in Houston, Texas, Kachikwu explained that the country now has sizeable willing investors for the refineries, adding that by September 2017, the successful investors would be made public.
“When we came on-board, the refineries were not working but as we speak, we have sizeable investment portfolio for them to an extent that we don’t know who to partner with for the investment. By September, we will unveil the investors for the refineries,” the minister said.
