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Emmanuel Addeh in Abuja
In spite of sustained public criticism over plans to hand over the operations of the Port Harcourt and Warri refineries to private partners after close to $3 billion was spent on their rehabilitation, the Nigerian National Petroleum Company Limited (NNPC) has commenced the evaluation phase of the proposed partnership.
The Group Chief Executive Officer of NNPC, Mr. Bayo Ojulari, disclosed on his X handle yesterday that the recently signed Memorandum of Understanding (MoU) with prospective partners had progressed to a rigorous due diligence stage.
