By Henry Umoru
ABUJA—THE Senate, yesterday, asked the Ministry of Petroleum Resources, the Nigerian Agip Oil Company, NAOC, a subsidiary of ENI, to as a matter of urgency, discontinue revamping or planned concessioning of the Port Harcourt Refinery to the tune of $15 billion.
According to the Senate, the order to stop discussions became imperative against the backdrop that there was the need for an open, competitive and transparent process that should be put in place to ensure that Nigeria as a country gets the full benefits of involving private sector investors and other stakeholders.
The Senate has also condemned the non- transparent process that was seemingly being adopted by the Ministry and the Nigerian National Petroleum Corporation, NNPC, to engage the companies, to rehabilitate and improve the performance of the refinery.
These resolutions of the Senate, yesterday, followed debate on the report of the Senator Abubakar Kyari (APC, Borno Central) led Senate Ad-hoc Committee on the planned concession of the Port Harcourt Refinery.