GE eyes Nigerian refineries

ABUJA, January 25, 2017 – A day after Eni signed a memorandum to refurbish one of Nigeria’s ageing refineries, GE on Tuesday also expressed interest in investing in the facilities.

“We were involved in the tenders that started around last year, which were subsequently withdrawn but our commitment to bringing the refineries on-stream is still very deep and we are very serious about it,” GE said in a presentation cited by Nigeria National Petroleum Corporation.

“We propose that work commences either with the Warri or Port Harcourt Refinery as a pilot, as we set a target to improve the refinery capacity before the end of 2017,” the statement continued.

Competition among multinationals for these contracts has heated up recently, Reuters reported, with Chevron and Total also expressing an interest in rehabilitating Nigeria’s refineries.

Similarly to Eni, GE also reportedly expressed an interest in power and projects offshore exploration and development activities.

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