USD 1.5 billion EPC contract for refinery complex
09 April 2021
Tecnimont S.p.A (subsidiary of Maire Tecnimont) has been awarded a contract by the Federal Executive Council to carry out Rehabilitation works for the Port Harcourt Refinery Co. Lt, in Port Harcourt, Rivers State, in Nigeria, which is a subsidiary of Nigerian National Petroleum Company (NNPC).
The overall contract's value is about USD 1.5 billion. The project entails engineering, procurement and construction (EPC) activities for full rehabilitation of the Port Harcourt refinery complex, aimed at restoring the complex to a minimum of 90% of its nameplate capacity. The complex is composed of two refineries with an overall capacity of approximately 210,000 bpd (barrels per day). The project will be delivered in phases from 24 and 32 months, and the final stage will be completed in 44 months from the award date.
Pierroberto Folgiero, Maire Tecnimont Group CEO, commented: "With this great result, we confirm the soundness of our business strategy on geography diversification, as one of its key elements is to grow and assist our clients in their revamping initiatives, leveraging on our technological know-how to ensure more efficient and environmentally better performing processes and products. We are eager to keep on supporting a leading player in the area such as NNPC to develop Africa's downstream sector."
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