The Nigerian National Petroleum Company Limited (NNPCL) has announced plans to engage technical equity partners to help revive three of its non-functional refineries.
Group Chief Executive Officer of NNPCL, Bayo Ojulari, disclosed this in a post on X on Thursday, noting that the initiative aims to ensure the refineries operate efficiently and sustainably.
Ojulari said the company is optimistic about restoring operations across its facilities through strategic collaboration and technical expertise. “We are looking ahead with optimism to ensure our refineries operate effectively. We are dedicating significant time to a detailed review and are eager to implement our insights,” he stated.
The three refineries — located in Port Harcourt, Warri, and Kaduna — have a combined refining capacity of 445,000 barrels per day. Together with the Dangote Petroleum Refinery, their full rehabilitation is expected to help Nigeria end fuel importation and become a net exporter of refined petroleum products.
The latest development follows earlier rehabilitation efforts initiated under former NNPCL boss Mele Kyari, who secured external partnerships valued at about $2.5 billion for refinery restoration.
Ojulari reiterated the company’s commitment to achieving self-sufficiency in domestic fuel production and repositioning Nigeria’s oil sector for greater efficiency and profitability.
