Olu Verheijen, special adviser to President Bola Tinubu on energy, says the federal government is open to selling the refineries of the Nigerian National Petroleum Company (NNPC) Limited. Verheijen spoke in an interview with Bloomberg TV on the sidelines of the ADIPEC energy conference in Abu Dhabi, United Arab Emirates (UAE) on Tuesday. The presidential…
The Nigerian National Petroleum Company Limited (NNPCL) on Tuesday, November 26, announced that the Port Harcourt Refinery has commenced operations. Its Chief Corporate Communications Officer Mr Olufemi Soneye disclosed this in a message to The Nation. He said: “A Historic Milestone: Port Harcourt Refinery Begins Operations. “Today marks a monumental achievement for Nigeria as the…
Nigeria’s fuel supply is set to increase as the Federal Government, through the Nigerian Midstream and Downstream Petroleum Authority (NMDPRA) has granted licenses to nine modular refineries, seven construction licenses, and four operational licenses. The development was announced by Farouk Ahmed, CEO of NMDPRA, at the 2024 Oil Trading & Logistics Africa Downstream Energy Week…
Nigeria’s refinery woes persist, with the country’s facilities struggling to function optimally. A SaharaReporters investigation reveals that despite their inability to refine crude oil or generate revenue, these companies have spent billions on employee compensation. An analysis of the Nigeria National Petroleum Company’s audited financial statements shows that the Kaduna, Port Harcourt, and Warri refinery…