The Nigerian National Petroleum Company Ltd (NNPC) and Daewoo Group of South Korea on Thursday in Seoul, South Korea, signed the Memorandum of Understanding (MoU) on the rehabilitation of the Kaduna Refinery in northern Nigeria.
The statement signed by presidential spokesman, Mr Femi Adesina, on Thursday said that Nigerian President Muhammadu Buhari, who witnessed the signing ceremony, stated that he was particularly excited as the signing came against the back of ongoing rehabilitation works at Warri Refinery by the same Daewoo Group which will at the first instance, deliver fuels production before the first half of 2023.
“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.
The Nigerian leader also said that he looked “forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the Nigeria Liquefied Natural Gas (NLNG) Train Seven”.
“This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria,” he added.
President Buhari was in South Korea to attend the First World Bio Summit, hosted by the Asian country.
GIK/APA