The Senate and the Federal Government have resolved to revamp the Port Harcourt Refinery as against rumoured plans to concession the facility.
Chairman, Senate’s Ad Hoc Committee on Planned Concession of the Refinery, Sen. Abubakar Kyari, disclosed this at a public hearing on the issue yesterday in Abuja.
At the hearing, Minister of State for Petroleum Resources, Dr Ibe Kachukwu, debunked the claims, saying there was no such plan.
The minister said as the driver of the policy of the petroleum industry, there has not been any approval from anybody or President Muhammadu Buhari to concession the refinery.
He added that his work was a policy work and that he was not the one running the refineries, explaining that the idea was for Nigerians to maintain the refineries.
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