Tag: REFINERIES
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Group CEO of Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari, has stated that fixing Nigeria’s refineries has been challenging due to decades of neglect, despite significant investments. He noted that efforts to revive refineries in Warri, Port Harcourt, and Kaduna are hampered by their old state. Ojulari further revealed that technical and commercial reviews…
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Oil marketers and industry stakeholders have supported the proposed sale of Nigeria’s refineries under NNPC management, emphasizing the need for transparency, inclusion, and accountability. They believe that privatizing the Port Harcourt, Warri, and Kaduna refineries—whose rehabilitation has cost trillions of naira with limited results—will promote competition, better pricing, and address financial losses. NNPC CEO Bayo…
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Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC), Bayo Ojulari has announced that the company is reviewing its refinery operations, with a strategic review expected to conclude by the end of 2025. The review may lead to changes, including the potential sale of some refineries, such as those in Port Harcourt,…
