The Nigerian National Petroleum Company Limited says it is seeking equity partners to help revive three of its refineries that have remained inactive despite major rehabilitation efforts.
Group Chief Executive Officer of the NNPCL, Bayo Ojulari, said in a post on X on Thursday that the move aims to ensure the refineries operate efficiently and contribute meaningfully to national energy needs.
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The refineries, with a combined capacity of 445,000 barrels per day, alongside the Dangote Petroleum Refinery, are expected to help Nigeria reduce fuel imports and potentially become a net exporter of petroleum products.
Ojulari added that the company is conducting a detailed review to ensure effective operations, following previous rehabilitation contracts worth $2.5 billion secured under former NNPC chief Mele Kyari.
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