Nigeria, South Korea Sign MOU Over Kaduna Refinery

Written by on October 27, 2022

The Federal Government of Nigeria has signed a Memorandum of Understanding between Nigerian National Petroleum Company Ltd. and Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery.

The signing of the Memorandum of Understanding happened today in Seoul, South Korea in the presence of President Muhammadu Buhari, according to a statement signed by the Special Adviser to the President on Media and Publicity, Femi Adesina, titled ‘Kaduna refinery rehabilitation gets boost as President Buhari witnesses signing of MoU between NNPC Ltd and Daewoo Group in Seoul.’

According to the statement, the President expressed excitement with the latest development, saying the signing of the MOU 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.

President further stated his desire to deliver the ongoing projects, especially the Warri and Kaduna refineries, stressing that both refineries will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria.


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