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The Digest:

The Nigerian National Petroleum Company Limited (NNPCL) has begun a technical and commercial review of its Port Harcourt, Warri, and Kaduna refineries. According to a statement from Group CEO Bayo Ojulari, this assessment will determine if the facilities are upgraded or repurposed for sustainability.

Key Points:
  • NNPCL is conducting a detailed technical and commercial viability review.
  • The assessment covers all three major refineries in Port Harcourt, Warri, and Kaduna.
  • The goal is to decide whether to high-grade or repurpose each facility.
  • High-grading means transforming them into modern, competitive assets.
  • The company plans to engage global technical equity partners with proven expertise.
  • This initiative is part of Nigeria's broader National Energy Strategy.
  • The refineries have a combined capacity of 445,000 barrels but have been non-operational for years.
This review represents a critical step in a long-standing challenge, moving beyond mere rehabilitation to a fundamental reassessment of their role and value. The outcome will reveal if these national assets can be salvaged to navigate the turbulent waters of the energy sector.


Sources: NNPCL Official Communication