NNPC's Ojulari Explains Refinery Revamp and Post-PIA Transformation

Ojulari, a representative of NNPC, discusses the rationale behind the corporation's decision to overhaul Nigeria's refineries. He highlights the importance of evolution and adaptation in the face of global competition and emerging opportunities.

NNPC aims to transition into a commercially-driven entity post-Petroleum Industry Act (PIA), leveraging partnerships and emphasizing transparency. The move towards a more partnership-oriented approach involves changing NNPC's legacy culture to align with regulatory requirements and industry best practices.

Ojulari emphasizes the significance of listening to feedback from partners and stakeholders, with a focus on transparency and accountability. The corporation's transformation post-PIA involves restructuring processes and systems, with the first audit expected by 2023.

NNPC's shift towards a more partnership-focused and transparent model reflects a strategic move to enhance efficiency and competitiveness in the oil and gas sector.