• No Plans To Sell Refineries, Kachikwu Tells Nigerians

    No Plans To Sell Refineries, Kachikwu Tells Nigerians

    The Federal Government has no plans to sell Nigeria’s refineries to private owners, an official has said.

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, during an official visit to the Port Harcourt refinery in Alesa Eleme in Rivers State.

    “We are not inviting foreign partners to take over the refineries, we do not have the funds.

    “Even now that they are working, they are probably working at about 60 per cent or below capacity (and) we need to upgrade these […]