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Nigeria’s state oil company seeks partners as refinery overhaul accelerates

Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash
Safety helmet at an oil field. Photo by Ümit Yıldırım @ Unsplash

Vincent Nwanma

Vincent Nwanma is a seasoned analyst, columnist, and reporter with over 30 years of experience in business and economics journalism across Nigeria and Africa.
  • NNPC profit jumps 64% on transformation drive
  • Refineries face review to determine future and sustainability

 

ABUJA, NIGERIA — Nigeria’s state oil company is reviewing all four of its refineries to determine their commercial future before seeking global operators with proven experience to run them.

The Nigerian National Petroleum Company Limited (NNPC Limited) said on Monday it has begun a technical and commercial assessment of its plants in Kaduna, Warri and Port Harcourt — long plagued by decades of neglect — as part of a sweeping transformation programme to revive domestic refining capacity.

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