Nigeria has further expanded oil and gas jobs for South Korea Engineering firm, Daewoo Engineering and Construction.
With President Muhammadu Buhari had on Thursday in Seoul, South Korea, offered the company the right to rehabilitate Kaduna refinery, Daewoo is now more engaged in juicy oil and gas contracts in the country.
The President had signed a Memorandum of Understanding (MoU) between Nigerian National Petroleum Company (NNPC) Ltd and Daewoo Group of South Korea for the rehabilitation of the Kaduna refinery to boost local petrol production in Nigeria.
The President believed that the endorsement of the Letter of Intent between the NNPC Ltd and Daewoo Engineering and Construction would result to a quick fix of the Kaduna Refinery.
The Company is equally handling the ongoing rehabilitation works at Warri refinery which will at the first instance, deliver fuels production before the first half of 2023.
Buhari commended Daewoo Group for it massive investments in the automobile, maritime and other sectors of the Nigerian economy.
According to him, Daewoo Group is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC & her partners.
“Daewoo Group has massive investments in the automobile, maritime & other sectors of our economy. I am also aware that Daewoo is currently engaged in the execution of the NLNG train seven project and also constructing sea-going LPG vessels for NNPC & her partners.”
The President said he looked “forward to the delivery of ongoing projects, especially at the Warri and Kaduna refineries, and the NLNG Train Seven,” stressing that “This no doubt will open many more windows of opportunities for Daewoo and other Korean companies in Nigeria.
He added, “I thank you for your faith in Nigeria,” President Buhari told the Korean conglomerate at the end of the significant ceremony on the last day of his visit to the Asian country to attend the First World Bio Summit.