FG approves $1.4b for rehabilitation of Warri, Kaduna refineries

THE Federal Executive Council (FEC) today approved contracts worth $1.4 billion for the rehabilitation of the Warri and Kaduna refineries.

Minister of State for Petroleum Resources, Timipre Sylva, disclosed this to State House correspondents at the end of the FEC meeting presided over by Vice President Yemi Osinbajo at the Presidential Villa, Abuja.

He said the Warri refinery would receive $897 million, while $586 million has been earmarked for the rehabilitation of the Kaduna refinery.

Nigeria has four refineries with two located in Port Harcourt.