Nigerian Senate had the Public Hearing by the ADHoc Committee on the Planned Concession of the Port Harcourt Refinery

 The Public Hearing was declared open by Senator Barnabas Gemade on behalf of Senate President Bukola Saraki.
The AdHoc Committee chaired by Senator Abu Kyari also had Senators Matthew Urhoghide, Hassan Mohammed, Sabo Mohammed, Aziz Murtala-Nyako, Dino Melaye, Duro Faseyi, Ben Uwajumogwu present.

Also Present was the Minister for Petroleum Resources, Dr. Ibe Kachikwu, COO(Refineries) of NNPC, Mr. Wale Tinubu of Oando as well as reps of AGIP, ICRC, TUC, BPE, NUPENG, PENGASSAN in which they collectively cleared the air that there are no plans for sale, concessionning or transfer of equity of the Port Harcourt Refinery or any other Refinery.

The Honourable Minister for Petroleum Resources, Ibe Kachikwu also denied several media reports which quoted him signing MOU on behalf of the Nation in this respect. Mr. Wale Tinubu of Oando also spoke on some media reports credited to him.

The Minister answered questions on plans for turn – around maintenance, repairs and repositioning of the Refineries to increase production from the current 30% rates it is. He noted that it was a disgrace that Nigeria is still importing Petroleum Products and as such they were looking for people to fund the repairs of the Refineries while Nigeria pays backs the debt in 2-5Years but not that Nigeria was selling the Refineries which are National Assets.

Distinguished Senators also took time to ask the Honourable Minister and NNPC Officials other questions relating to the management of the 4 National Refineries.




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