Port Harcourt Refinery
PETROAN Slams NNPC Over Port Harcourt Refinery Control
In a bold critique of the Nigerian National Petroleum Company Limited (NNPC), the National Publicity Secretary of the Petroleum Products and Retail Outlets Owners Association of Nigeria (PETROAN), Joseph Obele, has publicly opposed the company’s decision to retain control of the Port Harcourt Refinery. Obele, who is also a university lecturer and key stakeholder in […]
NNPC Declares Port Harcourt Refinery Not for Sale
The Nigerian National Petroleum Company Limited (NNPC Ltd) has reaffirmed its stance that the Port Harcourt Refining Company (PHRC) is not up for sale, putting to rest recent speculations fueled by ambiguous remarks at international forums. Instead, the state-owned oil company has disclosed plans to seek additional funding and forge advanced technical partnerships to complete […]
Fuel Marketers Approve Refinery Divestment, Project Price Relief
Oil marketers and industry stakeholders have expressed strong support for the proposed sale or privatisation of Nigeria’s long-dormant refineries under the management of the Nigerian National Petroleum Company Limited (NNPC Ltd), citing the potential for increased market competition, operational efficiency, and ultimately lower fuel prices for consumers. Their reactions follow the candid remarks by NNPC’s […]
NNPC Mulls Refinery Sale as Rehabilitation Challenges Mount – Bayo Ojulari
The Nigerian National Petroleum Company (NNPC) Limited is re-evaluating its refinery rehabilitation strategy and may consider selling off its long-troubled state-owned refineries due to increasing complexities, according to its Group Chief Executive Officer, Bayo Ojulari. Speaking during an exclusive interview with Bloomberg on the sidelines of the 9th OPEC International Seminar in Vienna, Austria, NNPC […]
‘NNPC Refineries May Never Work Again’ — Dangote Drops Bombshell
Africa’s richest man and President of the Dangote Group, Alhaji Aliko Dangote, has cast serious doubt over the future viability of Nigeria’s state-owned refineries, stating bluntly that the Port Harcourt, Warri, and Kaduna facilities may never become operational again — despite consuming over $18 billion in public funds. Dangote made the remarks on Thursday during […]
Mele Kyari Faces Heat as Protesters Demand Probe of $2bn
A wave of public outrage over alleged mismanagement within the Nigerian National Petroleum Company Limited (NNPCL) has reached a boiling point, as a coalition of civil society groups on Tuesday demanded a full-scale probe into the tenure of former NNPCL Group Chief Executive Officer, Mele Kyari. The protesters, under the umbrella of Concerned Citizens Against […]