Nigeria’s state-owned oil giant, NNPC Ltd, is actively seeking technical equity partners to revive three of its long-idle refineries, which together have a combined capacity of 445,000 barrels per day. CEO Bayo Ojulari emphasized that restoring these facilities, alongside the Dangote Petroleum Refinery, could help Nigeria end its heavy reliance on imported fuel and position the country as a net exporter. Ojulari noted that the company is conducting a thorough review to ensure the refineries operate efficiently once reopened. Previous efforts by former NNPC head Mele Kyari secured $2.5 billion in contracts for rehabilitation, but the refineries remain non-functional. The renewed push reflects optimism for a revitalized domestic refining sector.
Reuters
