Business Jonathan Gives go ahead on Privatization of Refineries

The Head of the Bureau of Public Enterprises, Chigbo Anichebe on Friday has disclosed that President Goodluck Jonathan has approved the commencement of the privatization of the nation’s four refineries, reports THE NATION.

The four refineries are – Port Harcourt Refining Company Limited (PHRC) I, Port Harcourt Refining Company Limited (PHRC) II, Kaduna Refining & Petrochemical Company Limited (KRPC) and Warri Refining & Petrochemical Company Limited (WRPC).

Jonathan also approved the constitution of a steering committee on the privatization process that involves all relevant stakeholder, ministries and agencies.
According to BPE, the decision is in furtherance of the economic reform programme of the present administration.

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