NNPC turns to private sector investors for funding, begins refineries TAM in Q2
Having studied the body language of federal lawmakers in delaying possible approval for the release of about $1.8bn, originally calculated as the total sum needed for the fixing of all four national refineries’, the Nigerian National Petroleum Corporation (NNPC) has…
NNPC changes plan, engages original builders to revamp 4 refineries
An indication that the Nigerian National Petroleum Corporation (NNPC) may have dumped its earlier gigantic, but well criticized plot to bleed away about $1,8bn in the Turnaround maintenance (TAM) of the four national refineries has emerged. Currently, the Corporation has…
Two new private refineries coming in Rivers, Delta states this year—NNPC
Two consortia, LRR Group and JALEMBA Group are currently applying finishing touches and documentation ahead of take off of construction activities for their private refineries in both Rivers and Delta states before the end of the year. The two refineries…
Performing below 15% after repairs pushing NNPC to sale refineries as scraps
Another season of debate on whether to sale or not to sale some refineries that have remained unmanageable after all manner of refurbishments is back at the table of the Nigerian National Petroleum Corporation (NNPC). Weekend, NNPC chief operating officer,…
NNPC silent on its 2016 pledge to make all refinery work at full capacities this year
Three months into the 2017 production year, signals are yet to emerge that by the end of the year, all refineries in Nigeria will be working and producing products at full capacities. Nigeria currently has four refineries including two in…
