NNPC said the successful bidders must possess the technical expertise and financial strength to effectively manage the refineries and secure a steady supply of petroleum products to meet national energy security needs.
The EOI document highlights the eligibility criteria that interested firms must meet, with the $2bn minimum turnover being a key criterion. This, it said, demonstrates NNPC’s commitment to attracting financially capable and technically proficient companies.
“NNPC is determined to engage reputable and credible Operations & Maintenance companies to operate and maintain the Warri and Kaduna refineries,” the document stated. “These companies must have the financial wherewithal to manage these complex facilities, ensuring their reliability and sustainability to meet the nation’s fuel supply and energy security obligations.”
In addition to the turnover requirement, bidders must demonstrate strong financial health by providing audited accounts for the past four years (2020, 2021, 2022, and 2023). They must also present their latest credit ratings to ensure they have a solid financial foundation for handling the significant operational demands of the refineries.
Beyond financial capacity, NNPC is emphasising technical expertise. The EOI document requires bidders to provide detailed information on their experience with refinery operations and maintenance, particularly in areas such as Fluid Catalytic Cracking units, instrumentation and controls, and turnaround maintenance.
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