NNPC Evaluates Partners for Warri, Port Harcourt Refineries
The Nigerian National Petroleum Company Limited (NNPC Ltd) is currently assessing potential technical and financial partners for the Warri and Port Harcourt refineries, indicating that no definitive commercial arrangements have been established for these facilities. This situation arises amidst increasing pressure from petroleum marketers for the Federal Government and NNPC Ltd to expedite the refineries' return to production.
Joseph Obele, the National Public Relations Officer of the Petroleum Products Retail Outlets Owners Association of Nigeria, has urged the government and NNPC to restart operations, citing petrol prices reaching ₦1,400 to ₦1,500 per litre and diesel exceeding ₦2,000 per litre. A senior NNPC official stated the company's commitment to restoring the refineries to sustainable operations.
NNPC signed a memorandum of understanding with Sanjiang Chemical Company Limited on April 30, 2026, to explore technical and operational opportunities related to the refineries. Preliminary assessments of both refineries have been conducted as part of this process.
Plus234Feed summary based on reporting from The Will. Read the original report below.
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