The Nigerian National Petroleum Company Limited (NNPC Ltd.) has commenced a detailed technical and commercial review of its three major refineries in Port Harcourt, Warri, and Kaduna to determine their operational and financial viability.
According to NNPC Ltd., the review is part of a broader strategy to reposition the refineries as modern, revenue-generating assets capable of meeting Nigeria’s fuel needs and aligning with international best practices.
The company disclosed this in an update shared on Wednesday via the verified X handle of its Group Chief Executive Officer, Mr. Bayo Ojulari (@BayoOjulari), describing the initiative as “the beginning of a new era in Nigeria’s refining sector.”
“We are filled with determination and looking ahead with optimism to ensure our refineries operate effectively.
“Our drive is fuelled by the understanding that the prosperity of Nigerian states and the success of our nation will always take precedence over individual interests,” the post read in part.
According to Ojulari, NNPC Limited is currently in the “Technical and Commercial Review” phase, aimed at assessing the operational state of all three refineries and determining whether to high-grade or repurpose the facilities for optimal performance and long-term sustainability.
