refinery rehabilitation Nigeria
Marketers slam NNPC as N20tn income masks refinery failures
The Nigerian National Petroleum Company Limited (NNPC) has reported an eye-popping revenue of N20.9 trillion between April and July 2025, underscoring its position as the nation’s top revenue generator. However, despite the massive inflow, petroleum marketers and industry stakeholders are voicing strong concerns over the persistent failure of Nigeria’s government-owned refineries, warning that the country […]
Marketers Blast NNPC Boss over Port Harcourt Refinery Snub
Petroleum marketers in Rivers State have openly criticised the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Mr. Bayo Ojulari, for failing to visit the Port Harcourt refinery during his recent tour of the state’s oil and gas facilities. The Host Communities Bulk Retailers Association of Port Harcourt Refinery expressed […]
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 […]
SERAP Drags NNPCL to Court Over Billions Spent on Idle Refineries
In a landmark legal move, the Socio-Economic Rights and Accountability Project (SERAP) has dragged the Nigerian National Petroleum Company Limited (NNPCL) to the Federal High Court in Lagos over the alleged failure to account for a staggering N825 billion and $2.5 billion earmarked for the rehabilitation of Nigeria’s moribund refineries.SERAP Demands NNPCL Account for N500bn […]
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 […]