NETCO, the engineering service subsidiary of Nigeria’s state hydrocarbon firm NNPC, won six contract awards worth over $57Million in 2020, the company says in its annual report.
Five of the contracts were awarded by NETCO’s fellow subsidiaries in NNPC group. Three of them were for projects relating to rehabilitation of the dilapidated refineries and one was for an engineering study evaluating a westward extension of the Escravos Lagos Pipeline system (ELPS). Only one of the contracts was awarded by an entity outside.
