The Nigerian Senate has ordered the Ministry of Petroleum Resources to suspend the planned concession of the Port Harcourt Refinery to Agip and Oando, due to concerns over the transparency of the process.
This came as a follow-up to a motion by Senator Sabo Mohammed, who noted that the federal government entered a deal Agip and not Oando.
According to Mohammed said, the deal, which involves the construct ruction of a $15 billion refinery in the Niger Delta region, also includes investment by Agip in a power plant with the Italian company assisting Nigeria in the repairs of the Port Harcourt refinery.
Before now, the minister of state for petroleum resources, Dr. Ibe Kachikwu, stated that the agreement was part of a broader federal government plan to increase capacity for local production and consumption of petroleum products with the aim of ending fuel importation in Nigeria by 2019.
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