GE in talks on oil refineries
GENERAL Electric (GE) has proposed investing in Nigeria’s oil refineries, potentially convening a consortium of companies to improve capacity at the run-down facilities. GE’s plan and similar promises from companies such as Italy’s Eni to work with Nigeria to rehabilitate the country’s three oil refineries could help the government as it tries to reduce costly imported oil products. The work was raised during a meeting with the Nigerian National Petroleum Corporation (NNPC), a GE spokesperson said late on Tuesday. “We propose that work commences either with the Warri or Port Harcourt refinery as a pilot, as we set a target to improve the refinery capacity before the end of 2017,” GE told the NNPC. The NNPC said it also might co-operate with GE on national power projects.