Refineries

The Nigerian National Petroleum Company (NNPC) Limited says it has signed a memorandum of understanding (MoU) with two Chinese companies to explore a partnership for the completion and operation of the Port Harcourt and Warri refineries.…
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The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the state-owned refineries were shut down after internal reviews revealed that they were operating at “monumental losses” and destroying value for the country. Mr Bashir…
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The House of Representatives, on Thursday, resolved to investigate the continued non-functionality of Nigeria’s three state-owned refineries – Port Harcourt, Warri, and Kaduna – despite over $18 billion reportedly spent on their…
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The Economic and Financial Crimes Commission (EFCC) has directed the immediate past Group Chief Executive Officer of the Nigerian National Petroleum Corporation (NNPC), Mele Kyari, to report to its Abuja headquarters daily as the commission…
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The Group Chief Executive Officer (CEO) of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari,  says it is becoming a ‘bit more’ complicated to revamp state-owned refineries. On November 26, the NNPC said the Port…
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A consortium of investors from South Korea has concluded plans to build four 100,000-barrel capacity refineries in various locations in Nigeria, the Federal Government announced on Tuesday. The Minister of State for Petroleum Resources…
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Minister of State for Petroleum Resources (oil), Heineken Lokpobiri says he did not direct the Nigerian National Petroleum Company Limited (NNPCL) to stop operating refineries and focus solely on equity participation in other refineries. …
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Former President Muhammad Buhari appointed Mele Kyari as Managing Director, Nigerian National Petroleum Corporation (NNPC) after the retirement of Maikanti Baru from the corporation on 7 July 2019. Kyari was appointed as the 19th GMD of…
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The Government of Saudi Arabia has pledged investment in the revamping of Nigeria’s refineries. It also indicates interest in providing financial support to sustain the government’s determination of reforming the foreign exchange. …
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The House of Representatives has queried the 2019, 49 million dollars contract for integrity test on Nigerian refineries awarded to Technimont company, by the Nigerian National Petroleum Corporation (NNPC). Rep. Ganiyu Johnson, the…
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