The fresh move for rehabilitation of the Warri and Port Harcourt refineries has sparked reactions as industry stakeholders, policy observers, and civil society groups expressed doubt about the success of the exercise. They have called for a comprehensive audit of billions of dollars spent on past repairs before the Nigerian government proceeds with a new deal …
Group Chief Executive Officer, Nigeria National Petroleum Company (NNPC) Limited, Bayo Ojulari, has stated that the Company is currently in talks with competent technical partners to revive the state-owned refineries. Ojulari said the focus of the NNPC management is on building sustainable and profitable refineries. He stated this during a fireside chat themed “Securing Nigeria’s …
One year after the Nigeria National Petroleum Company (NNPC) Limited declared the resumption of the Port Harcourt and Warri refineries, both facilities are currently shut down, fuelling intense public backlash and scrutiny. Despite multi-billion-dollar investments and celebratory commissioning ceremonies held in late 2024, the state-owned refineries have largely failed to sustain operations. Pinnacle Daily recalls …
President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), Festus Osifo, has said the Federal government should sell only a 51 per cent stake in the refineries managed by the Nigeria National Petroleum Company (NNPC) Limited to private investors. Osifo said PENGASSAN has always maintained that the government should not sell …
The Nigerian National Petroleum Company Limited (NNPC) Ltd has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-graded rehabilitation and retention of the plant. The Group Chief Executive Officer (GCEO) of NNPC Limited, Bashir Bayo Ojulari, announced this at a company-wide town hall meeting on Tuesday at …
