December 17, 2006	Sunday	Ziqa'ad 25, 1427

ABUJA, Dec 16: The Nigerian privatisation agency, BPE, renewed its plan to sell at least 51 per cent of the nation's largest refinery complex in southern oil-city of Port Harcourt, a statement said.

The Bureau of Public Enterprises (BPE) said it was seeking prospective core investors “to purchase 51 per cent or more of the federal government shares in Port Harcourt Refining Company Limited (PHRC). The deadline for fresh submission of expression of interest in the refinery was set on January 19.However, the BPE informed existing pre-qualified bidders not to re-apply, while urging those still interested in participating to revise their bids.

The PHRC has two refineries at Alesa-Eleme near Port Harcourt in Rivers State: Port Harcourt 1 and Port Harcourt 2.—AFP