Maire Tecnimont S.p.A. pronounces that its subsidiary Tecnimont S.p.A. has been awarded a contract by the Federal Executive Council to hold out Rehabilitation works for the Port Harcourt Refinery Company Limited, situated in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).
The total contract’s worth is about USD 1.5 billion. The mission entails engineering, procurement and development (EPC) actions for a full rehabilitation of the Port Harcourt refinery advanced, geared toward restoring the advanced to a minimal of 90% of its nameplate capability. The advanced consists of two refineries totaling an total capability of roughly 210,000 bpd (barrels per day). The mission might be delivered in phases from 24 and 32 months and the ultimate stage might be accomplished in 44 months from the award date.
Pierroberto Folgiero, Maire Tecnimont Group Chief Executive Officer, commented: “With this nice consequence we affirm the soundness of our enterprise technique on geography diversification, as one in every of its key components is to develop and help our purchasers of their revamping initiatives, leveraging on our technological know-how to make sure extra environment friendly and environmentally higher performing processes and merchandise. It represents a testomony of our technological DNA, as we’re strongly growing our deal with initiatives for the modernization of the refining sector, akin to these strategic rehabilitation works. Moreover, we improve our footprint in Nigeria and in Sub-Saharan Africa, a market with glorious downstream prospects given its demographics and the need to unlock larger added worth from the transformation of pure sources. We are keen to maintain on supporting a number one participant within the space akin to NNPC to develop Africa’s downstream sector.”
Maire Tecnimont S.p.A., listed on the Milan Stock Exchange, heads an industrial group which leads the worldwide pure useful resource conversion market (downstream oil & gasoline plant engineering, with technological and govt experience).
(Source: Maire Tecnimont – Image: Port Harcour refinery/The Guardian Nigeria)
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