Page 11 - AfrOil Week 17 2021

AfrOil PERFORMANCE AfrOil

Meanwhile, the Kaduna and Warri plants have rehabilitate the Port Harcourt complex, adding
capacities of 110,000 bpd and 125,000 bpd that Italy’s Maire Tecnimont would carry out
respectively. the work. He said that Maire Tecnimont would
Meanwhile, in the six months prior to July execute the work in three phases, with the first
2019, utilisation at the refineries was reported phase to bring the unit back to 90% nameplate
to be running at around 5.55%, though Kaduna capacity within 18 months, the second to be
only processed crude during June. Port Har- completed within 24 months and the final stage
court operated during February and March, within 44 months.
while Warri was utilised during the first four The Italian firm was awarded a contract in
months of the year. March 2019 for a two-phase programme with
With the refineries out of service, Nigeria fellow Italian firm Eni contracted as technical
imported 1.68bn litres of petrol (also known as adviser. The roughly $50mn first stage included
premium motor spirit) through direct sale direct a six-month ‘integrity check’ and equipment
purchase (DSDP) deals in January of this year, inspection at the site, as well as ‘relevant engi-
the latest month for which NNPC has provided neering and planning activities’.
data. This was up from 1.58bn litres in Decem- NNPC agreed a loan of around $1bn with
ber 2020. lenders led by Cairo-based African Export-Im-
NNPC’s DSDP scheme provides for the allo- port Bank (Afreximbank) in February. Sylva
cation of the state oil firm’s oil production to cer- noted that once the rehabilitation had been
tain overseas refiners and traders as well as local completed, a “professional operations and main-
firms in exchange for petrol and other refined tenance company [will be hired] to maintain the
petroleum products of the same value. refinery ... This is one of the conditions of the
In March, Nigerian Minister of State for lenders.”
Petroleum Resources Timipre Sylva announced He added: “That’s embedded in discussions
that the government would invest $1.5bn to with the lenders.” ™

POLICY
Nigeria LNG wins tax waiver

NIGERIA THE Nigeria LNG (NLNG) consortium has connect Bonny Island to the city of Port Har-
been granted a tax waiver worth NGN20bn court, and several roads across the Opobo
($52.49mn) for its outlays on road and bridge channels.
construction. They also noted that NLNG had contracted
The country’s Federal Inland Revenue Ser- Julius Berger, a Nigerian company, to build the
vice (FIRS) had granted the concession, also roads and bridge, all of which are in Rivers State.
known as a road infrastructure credit certificate, The value of the project came to NGN120.681bn
to NLNG in a ceremony held last week. ($316.71mn), they stated.
At the event, FIRS officials noted that said The new road infrastructure credit certificate
the consortium had earned the waiver by build- was the fourth such waiver awarded to NLNG
ing the Bodo-Bonny Island bridge, which will within the last three years.

NLNG’s gas liquefaction plant and terminal are on Bonny Island (Photo: KBR)

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