‎BREAKING: NNPC Rules Out Port Harcourt Refinery Sale

The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant. ‎Group Chief Executive Officer of NNPC Ltd, Bayo Ojulari, made the announcement during a company-wide town hall meeting at the NNPC Towers in Abuja, ending…

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NNPC Refineries May Never Work Again Despite $18 Billion Spent — Dangote

The president of the Dangote Group, Alhaji Aliko Dangote, has said that Nigeria’s state-owned refineries, located in Port Harcourt, Warri, and Kaduna, may never operate properly again despite about $18 billion invested in their rehabilitation. Alhaji Dangote disclosed this while hosting members of the Global CEO Africa, who visited the Dangote Petroleum Refinery yesterday. He…

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$3bn Refinery Fraud: N80bn Found In Sacked MD’s Bank Accounts

The Economic and Financial Crimes Commission has arrested the recently sacked managing directors and some top officials of the Port Harcourt Refining Company, Warri Refining and Petrochemical Company, and Kaduna Refining and Petrochemical Company. The officials were arrested over alleged mismanagement of funds earmarked for the rehabilitation of the facilities. The total amount under investigation…

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Port Harcourt Refinery Working Effectively – Nigerian Society Of Chemical Engineers Knocks Critics

The Nigerian Society of Chemical Engineers, has given the Port Harcourt Refinery a clean bill of health, declaring that the plant is running, contrary to claims made by critics about the facility. National President of the Association, Mr Tony Ogbuigwe, who said this in an interview, declared that chemical engineers who are on the ground…

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Port Harcourt Refinery Halts Operations Few Days After NNPC Announces Resumption

In a shocking turn of events, the Port Harcourt Refining Company (PHRC) has inexplicably ceased crude oil processing, merely days after the Nigerian National Petroleum Company (NNPC) Ltd proudly declared the re-streaming of the refinery. A diligent reporter who visited the refinery on Friday observed that the facility was eerily inactive, with no discernible signs…

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PH Refinery: NNPCL Loaded Old Stock, Not Fresh Products – Host Community Secretary

The Secretary of the Alesa community stakeholders, Timothy Mgbere, has alleged that the petroleum products loaded from the newly rehabilitated Port-Harcourt Refinery were not freshly refined but products left in the storage tank of the facility in the last three years. He also alleged that the refinery only loaded six trucks on Tuesday despite stating…

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FLASH: NNPC Speaks On Selling Products From Port-Harcourt Refinery To Marketers, Fuel Prices

Nigerian National Petroleum Company Limited (NNPC Ltd) on Wednesday night, through the chief corporate communications officer, Olufemi Soneye, has disclosed that the company has not commenced bulk sales of petrol and has not opened the purchase portal for Port-Harcourt refinery. He explained that the company is finalising necessary processes, noting that it currently sells products…

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