According to reports across Rivers, Kaduna, and Delta States revealed that the massive investment has failed to bring the refineries back to life, raising questions about accountability and deepening concerns over Nigeria’s chronic fuel dependency. The Nigerian National Petroleum Company Limited, NNPCL, has repeatedly pledged to revamp the country’s aging refineries. The most recent round […]
The Nigerian National Petroleum Company Limited has dismissed the report of an explosion at the Port Harcourt Refining Company in Rivers State, describing the incident as a minor flare event that posed no threat. NNPC Chief Corporate Communications Officer, Olufemi Soneye,in a statement ,clarified that there was no explosion at the facility and that the […]
The national president of the Petroleum Products Retail Outlets Owners Association of Nigeria, Billy Gillis-Harry disclosed this in an exclusive interview with newsmen. He said his recent visit to the 250 barrels per day refinery showed readiness to produce petroleum products in commercial quantity. Gillis-Harry explained that the full-scale kickoff of Port Harcourt Refinery and […]
NNPCL spokesperson, Olufemi Soneye disclosed this in a terse statement in reaction to Dangote Refinery’s announcement that NNPC’s stake is now 7.2 percent contrary to the 20 percent stake. According to Soneye, NNPCL had several months ago decided to cap its investment at the amount already paid adding that the decision not to invest any further […]