The Nigerian National Petroleum Company Ltd (NNPC) and Daewoo Group have signed a Memorandum of Understanding (MoU) for the rehabilitation of the Kaduna refinery.

This was disclosed via a statement issued on Thursday by the Special Adviser to the President on Media and Publicity, Femi Adesina.

Adesina said President Muhammadu Buhari was excited as the signing came against the back of ongoing rehabilitation works at Warri refinery by same Daewoo Group of South Korea.

The presidential aide stated that the Warri refinery rehabilitation works, when completed, will at the first instance, deliver fuel production before the first half of 2023.

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Adesina quoted President Buhari as saying: “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.”

Buhari said he looked 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,” Buhari told the Korean conglomerate at the end of the significant ceremony on the last day of his visit to the Asian country to attend the First World Bio Summit.

President Buhari is expected back in Abuja from Seoul, South Korea, on Thursday night.

The Star