Port Harcourt Refinery, managed by NNPCL through the Port Harcourt Refining Company Limited has commenced operations after undergoing rehabilitation and modernisation The refinery with 210,000 bpd refining capacity located at Alesa, Eleme, in Port Harcourt, comprises two operational units established in 1965 and 1989. The old plant refines a capacity of 60,000 barrels per…
The Lagos-based mega Dangote refinery has accused the Nigerian National Petroleum Corporation (NNPC) of failing to meet its crude oil supply obligations under the naira-for-crude agreement. Edwin Devakumar, the Vice President of the Dangote Group, disclosed this in a statement reported by Reuters. Devakumar explained that the national oil company had committed to supplying the…
The Nigerian National Petroleum Company Limited has made significant leadership changes, appointing key executives to strengthen its operations. In a press statement released on Wednesday, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, shared the new appointments aimed at boosting efficiency and corporate governance. The changes include the appointment of Mr. Adedapo A. Segun as the…
The Nigerian National Petroleum Company (NNPC) Limited has started settling its $6 billion debt to petrol suppliers, according to Nigeria’s Minister of Finance and Coordinating Minister of the Economy, Wale Edun. Speaking at an investors’ forum on the sidelines of the 2024 annual meetings of the International Monetary Fund (IMF) and the World Bank in…
