NNPC Signs Deal to Revive Port Harcourt, Warri Refineries

On April 30, 2026, the Nigerian National Petroleum Company Limited (NNPC) signed a memorandum of understanding with Jiax Citi and Sanjiang Chemical Company Limited, along with Xingcheng Fuzhou Industrial Park Operation Management Co. Ltd., to revive and maintain the Port Harcourt and Warri refineries.

This agreement is seen as a significant milestone following six months of engagement between technical management teams from both parties. The NNPC's Group Chief Executive Officer, Bayo Ojulari, emphasized the mutual benefits and long-term sustainability of the partnership.

The refineries, which have a combined capacity of 445,000 barrels per day, have struggled to operate effectively, with the Port Harcourt refinery complex at 210,000 bpd and the Warri refinery at 125,000 bpd. Despite previous rehabilitation efforts costing between $18 billion and $25 billion over two decades, output remains near zero.

The new agreement aims to complete outstanding rehabilitation work and achieve best-in-class sustainable performance while expanding petrochemical capacity.