The Nigerian National Petroleum Company (NNPC) Limited saysit has commenced a comprehensive technical and commercial review of Warri, PortHarcourt, and Kaduna refineries. In an update posted on X on Wednesday, the company said thereview is aimed at high-grading or repurposing the refineries as may berequired to ensure optimal performance and sustainability. “Ongoing technical and commercial review for comprehensiveassessment of all three refineries,” the national oil company said. “To high-grade or repurpose as may be required to ensureoptimal performance and sustainability.” According to NNPC, the next phase of the process willinvolve engaging advanced technical equity partners with a proven track recordof operating refineries to international standards. The company said it would also complete all requisiteagreements to enable mobilisation for high-grade implementation or repairs asrequired. NNPC said the review and subsequent upgrades are part of itsstrategy aimed at enhancing energy security and optimising its assets. “To assure NNPC’s capacity to meet PIA requirements as thesupplier of last resort for petroleum products,” the company said. “To ensure efficient and profitable operation of therefineries.” Commenting on the updates, Bayo Ojulari, group chiefexecutive officer (GCEO) of NNPC, said the company is being repositioned as acommercially driven and transparent energy organisation serving Nigerians. In a post on X, Ojulari said the company is “filled withdetermination” and is dedicating significant time to a detailed review of thefacilities to ensure effective operations. “We are looking ahead with optimism to ensure our refineriesoperate effectively. We are dedicating significant time to a detailed reviewand are eager to implement our insights,” he said. The group CEO added that the company’s motivation stems fromits commitment to national prosperity above personal interests. “This very commitment inspires us as we anticipate creatingsustainable solutions for our refineries in the near future,” Ojulari said. On July 11, Ojulari said it is becoming a ‘bit more’complicated to revamp state-owned refineries. The GCEO said the NNPC is currently reassessing its refinerystrategies and aims to finalise the review by year-end.
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