The Nigerian National Petroleum Company (NNPC) Ltd has signed a memorandum of understanding (MoU) with Daewoo Group, a South Korean conglomerate, for the rehabilitation of the Kaduna refinery.
According to a statement by Femi Adesina, special adviser to the president on media and publicity, the agreement was signed on the sidelines of the 2022 World Bio Summit on Thursday in Seoul, South Korea
“The President was particularly excited as the signing came against the backdrop of ongoing rehabilitation works at Warri refinery by the same Daewoo Group which will at the first instance, deliver fuels production before the first half of 2023,” the statement read in part.
At the signing, Buhari said, “Daewoo Group has massive investments in the automobile, maritime and other sectors of our economy.
“I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC and her partners.”
He said he looked “forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the NLNG Train Seven,” stressing that “This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria.”
“I thank you for your faith in Nigeria,” Buhari told the Korean conglomerate at the end of the signing ceremony on the last day of his visit to the Asian country to attend the First World Bio Summit.
Culled / Titilayo Kupoliyi
Subscribe to our Telegram Channel and join our Whatsapp Update Group
pub-5160901092443552
Related Posts
