Economics, visibility concerns trail NNPC/China refineries deal

Businessday | 06-05-2026 03:37am |

The Nigerian Petroleum Company (NNPC) Limited has initiated discussions with Chinese firms to undertake the rehabilitation of the Warri and Port Harcourt refineries. This development has raised concerns regarding economic implications and the transparency of the deal. Stakeholders are particularly focused on the potential financial impact and the clarity of the terms involved in the agreement. The situation highlights ongoing challenges in the Nigerian oil sector, particularly in relation to infrastructure and operational efficiency.

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