How se­nate in­dicted Kachikwu, Baru over P/Har­court re­fin­ery

Daily Trust - - BUSINESS - By Is­mail Mu­dashir

The se­nate, last week, ac­cused the Min­is­ter of State for Petroleum Re­sources, Dr. Ibe Kachikwu, and the Group Man­ag­ing Di­rec­tor of the Nige­rian Na­tional Petroleum Cor­po­ra­tion (NNPC), Mr. Maikanti Ba­rau, of vi­o­lat­ing due process in en­gag­ing AGIP/ENI/ Oando for the re­ha­bil­i­ta­tion of the Port Har­court Re­fin­ery.

The ac­cu­sa­tion fol­lowed the adop­tion of the re­port of the Se­nate Ad­hoc Com­mit­tee on the Con­ces­sion of the Port Har­court Re­fin­ery chaired by Se­na­tor Abubakar Kyari(APC, Borno).

The res­o­lu­tions adopted dur­ing the ple­nary chaired by the Se­nate Pres­i­dent, Bukola Saraki, read in part that the se­nate: “con­demns the non-trans­par­ent process that is seem­ingly be­ing adopted by the Min­istry of Petroleum Re­sources/Nige­rian Na­tional Petroleum Cor­po­ra­tion to en­gage ENI/NAOC and Oando as fi­nanciers to re­ha­bil­i­tate and im­prove per­for­mance of the Port Har­court Re­fin­ery.

“That the process to re­ha­bil­i­tate re­finer­ies must be open, com­pet­i­tive and trans­par­ent, with the par­tic­i­pa­tion of all rel­e­vant stake­hold­ers, other­wise it would be con­strued as back­door trans­fer of the as­set to a pre­ferred in­vestor.”

The se­nate re­solved that the dis­cus­sions with ENI/NAOC with re­spect to re­vamp­ing of the Port Har­court Re­fin­ery must be dis­con­tin­ued forth­with and that an open, com­pet­i­tive and trans­par­ent process be put in place to en­sure that the na­tion de­rived the full ben­e­fits of in­volv­ing pri­vate sec­tor in­vestors.

“That com­pe­tent in­de­pen­dent tech­ni­cal con­sul­tants should be en­gaged to re­view the di­ag­nos­tic re­port (un­der prepa­ra­tion) on the Port Har­court Re­fin­ery and rec­om­mend a suit­able strat­egy for at­tract­ing pri­vate sec­tor in­vest­ment, tak­ing into con­sid­er­a­tion re-ap­praised re­ha­bil­i­ta­tion cost es­ti­mates, en­vi­ron­men­tal con­cerns of host com­mu­ni­ties and labour is­sues,” it stated.

It in­sisted that pub­lic in­vi­ta­tion for bids un­der clearly spelt out terms and con­di­tions should be re-ad­ver­tised.

“That the Min­istry of Petroleum Re­sources, NNPC, Bureau of Pub­lic En­ter­prises (BPE) and In­fra­struc­ture Con­ces­sion Reg­u­la­tory Com­mis­sion (ICRC) should col­lab­o­rate for na­tional in­ter­est in ac­cor­dance with ex­tant laws,” the se­nate said.

Earlier, while pre­sent­ing the re­port of his com­mit­tee, Se­na­tor Kyari said there was no syn­ergy be­tween NNPC, BPE and ICRC on the Port Har­court Re­fin­ery.

“The is­sue of the oil and gas sec­tor needs to be ad­dressed as a na­tional emer­gency but in a trans­par­ent man­ner in or­der to in­crease rev­enue gen­er­a­tion, cre­ate em­ploy­ment and in­fras­truc­tural de­vel­op­ment,” he said.

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