NNPCL Considers Refinery Rehabilitation Amid Profit Surge

The Nigerian National Petroleum Corporation Limited (NNPCL) is considering rehabilitating refineries amidst uncertainties. CEO Bashir Bayo Ojulari mentioned plans for maintenance to enhance production of high-grade petroleum products.

The company aims to improve profitability and compete with Dangote Refinery. Ojulari clarified the earlier speculation about refinery sales and highlighted the need for commercial partnerships to boost operations and attract investments.