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Minister of State for Petroleum Resources, Ibe Kachukwu and the Group Chief Executive of Oando PLC, Mr. Wale Tinubu, Thursday reportedly clashed at the Senate Public Hearing over alleged planned concessioning of PortHarcourt Refinery.
Though Wale Tinubu also denied ever making any remark in the media on alleged concession of Port Harcourt refinery to the oil company by the federal government, but the Petroleum Minister accused him of jumping the gun even by his submission that the refinery has been packaged for Oando’s rehabilitation.
The Minister who appeared before the Senator Abubakar Kyari, APC, Borno North Senate Ad -Hoc Committee on the Planned Concession of the Refinery for a one day public hearing, however disowned the Oando boss over statements credited to the former which implied that his company has been granted concession for the Port Harcourt refinery.
With the hearing, strong indications emerged that the concession of the Port Harcourt refinery was still shrouded in confusion as Ibe Kachikwu denied the alleged concession plan, just as he said that a technical committee set up by the government to undertake the review was coming up with a holistic investment figure enough to fix the nation’s refineries, even as the minister vehemently denied making all remarks credited to him on alleged planned concession as reported by some dailies.
The Minister however reiterated that there was no plan to concession, privatise or sell the refinery, for which an estimated $300 million would be required for repairs.
Though Wale Tinubu also denied ever making any remark in the media on alleged concession of Port Harcourt refinery to the oil company by the federal government, but the Petroleum Minister accused him of jumping the gun even by his submission that the refinery has been packaged for Oando’s rehabilitation.
The Minister who appeared before the Senator Abubakar Kyari, APC, Borno North Senate Ad -Hoc Committee on the Planned Concession of the Refinery for a one day public hearing, however disowned the Oando boss over statements credited to the former which implied that his company has been granted concession for the Port Harcourt refinery.
With the hearing, strong indications emerged that the concession of the Port Harcourt refinery was still shrouded in confusion as Ibe Kachikwu denied the alleged concession plan, just as he said that a technical committee set up by the government to undertake the review was coming up with a holistic investment figure enough to fix the nation’s refineries, even as the minister vehemently denied making all remarks credited to him on alleged planned concession as reported by some dailies.
The Minister however reiterated that there was no plan to concession, privatise or sell the refinery, for which an estimated $300 million would be required for repairs.