The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding with two Chinese firms, Sanjiang Chemical Company and Xinganchen Industrial Park Operation and Management Company, to support the completion and operation of the Port Harcourt and Warri refineries. The agreement was signed on April 30, 2026, in Jiaxing City, China, by the Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, alongside leaders of the two companies.
The development was disclosed in a press release signed by the Chief Corporate Communications Officer of NNPC Ltd, Andy Odeh, on Monday. The strategic framework covers the completion of outstanding work at both facilities and establishes a roadmap for operating and maintaining the refineries to achieve sustainable, best-in-class performance.
The partnership also explores expanding the refineries’ petrochemical capacities and leveraging gas and downstream opportunities through the development of co-located, gas-based industrial hubs. Proposed upgrades are expected to transition the plants to cleaner and more profitable product standards.
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Speaking after the signing ceremony, Ojulari described the agreement as a significant milestone following more than six months of engagement between the technical and management teams of NNPC and the two Chinese partners. The NNPC Group Chief Executive Officer noted that all parties recognise the mutually beneficial opportunities for the development and long-term sustainable profitability of Nigeria’s refining assets. He stated that the Memorandum of Understanding is a critical step in identifying technical equity partners to restart and expand the country’s refineries.
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