NNPCL Partners with Chinese Firms for Refinery Operations

The Nigerian National Petroleum Company Limited (NNPCL) signed a Memorandum of Understanding (MoU) with two Chinese firms, Sanjiang Chemical Company Limited and Xingcheng Fuzhou Industrial Park Operation Management Co. Ltd., on April 30, 2026, in Jiaxing City, China.

The MoU, signed by NNPCL's Chief Corporate Communications Officer Andi Odeh and the respective chairmen of the Chinese firms, marks a significant milestone after six months of discussions. The agreement aims to identify technical equity partners to support the restart and long-term profitability of the Port Harcourt and Warri refineries.

NNPCL's Group Chief Executive Officer, Engr. OJULARI, emphasized that this partnership is part of the company's strategy to explore opportunities for co-locating petrochemical projects and enhancing refinery operations.

The MoU follows previous rehabilitation efforts, where the Nigerian government reportedly spent $2.39 billion on the refineries, with the latest rehabilitation phases expected to complete by November 2024.