NUPENG Backs NNPC's MoU with Chinese Firms for Refineries

The Nigerian Union of Petroleum and Natural Gas Workers (NUPENG) praised the Nigerian National Petroleum Company Limited (NNPC) for signing a memorandum of understanding (MoU) with two Chinese firms, Sanjiang Chemical Company Limited and Xingcheng Fuzhou Industrial Park Operating Management Co. Ltd.

This agreement aims to revive the Warri and Port Harcourt refineries, which have faced long-standing challenges, contributing to Nigeria's heavy dependence on imported petroleum products despite being a major oil-producing nation. NUPENG President Salimon Olad emphasized the importance of transparency and accountability in executing the agreement to ensure it translates into tangible economic benefits for Nigerians.

He noted that the revival of the refineries could alleviate the burden of unstable fuel supply, high transport costs, and harsh living conditions caused by the failures in the refining sector. Olad urged the federal government and NNPC to prioritize policies that support national economic development and the welfare of the Nigerian people.