Breaking: NNPC, Daewoo Sign MoU To Rehabilitate Kaduna Refinery

President Muhammadu Buhari has on Thursday in South Korea, expressed joy over the signing of the Memorandum of Understanding (MoU) between Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea to rehabilitate Kaduna refinery.

President Buhari was elated as the signing came against the back of ongoing rehabilitation of Warri refinery by same Daewoo Group which would deliver fuels production before the first half of 2023.

The statement by presidential media aide, Femi Adesina, said the group has investment in Nigerian economic prospects and other sectors.

“Daewoo Group has massive investments in the automobile, maritime and other sectors of our economy. I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC and her partners.

“Forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the NLNG Train Seven.

“This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria. I thank you for your faith in Nigeria,” he said.