Senate probes NNPC over $396 million spent on maintaining refineries

The Senate on Thursday mandated its Committee on Downstream Petroleum Sector to carry out a holistic investigation on the turnaround maintenance expenditure and current state of the refineries in the country.

The resolution was sequel to a Point of Order raised by Yusuf Yusuf (APC-Taraba Central) during plenary.

It also mandated the committee to convoke a stakeholder’s conference with the aim of finding the best way to revamp ailing refineries in order to favourably compete in the international market within the shortest period of time.

The Senate also urged the Nigerian National Petroleum Corporation (NNPC) to completely evaluate the dilapidated state of the refineries or total overhauling and rehabilitation to international standard.

This, it said, would save the country from…

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