The Nigerian National Petroleum Company (NNPC) Limited has announced the commencement of a comprehensive technical and commercial review of its three major refineries located in Warri, Port Harcourt, and Kaduna.
In an update shared on X on Wednesday, the company said the review is aimed at “high-grading or repurposing the refineries as may be required to ensure optimal performance and sustainability.”
According to NNPC, the next phase will involve engaging advanced technical equity partners with a proven record of managing refineries to international standards. The company added that it will finalise all necessary agreements to enable mobilisation for high-grade implementation or repairs where needed.
The NNPC explained that the review and subsequent upgrades form part of its broader strategy to enhance energy security and optimise asset performance.
“To assure NNPC’s capacity to meet PIA requirements as the supplier of last resort for petroleum products,” the company said. “To ensure efficient and profitable operation of the refineries.”
Commenting on the development, Bayo Ojulari, Group Chief Executive Officer (GCEO) of NNPC, said the company is being transformed into a commercially driven and transparent energy organisation dedicated to serving Nigerians.
In a post on X, Ojulari stated that the company is “filled with determination” and has committed significant time to a detailed review of the facilities to ensure effective operations.
“We are looking ahead with optimism to ensure our refineries operate effectively. We are dedicating significant time to a detailed review and are eager to implement our insights,” he said.
Ojulari further emphasised that the company’s motivation stems from its commitment to national prosperity above personal interests, adding, “This very commitment inspires us as we anticipate creating sustainable solutions for our refineries in the near future.”
Earlier, on July 11, Ojulari noted that revamping state-owned refineries had become “a bit more complicated,” but assured that the NNPC is reassessing its strategies and expects to conclude the review before the end of the year.