Tag: NNPC
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Presidency Confirms Port Harcourt Refinery Revival Amid Operational Rumours
In a bid to address mounting speculation about the Port Harcourt Refinery’s operations, President Bola Tinubu’s Special Adviser on Information and Strategy, Bayo Onanuga, led a fact-finding mission to debunk claims of ineffective crude oil processing. The delegation, which toured the facility on Wednesday, conducted an extensive inspection of the refinery’s critical sections, including its…
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NNPC Halts Petroleum Imports as Dangote Refinery Takes Centre Stage
In a major change for the petroleum industry in Nigeria, the Nigerian National Petroleum Company Limited (NNPC) has announced the cessation of petroleum products importation, marking the end of decades-long dependence on foreign refined products. This strategic move, coupled with a new partnership with the Dangote Petroleum Refinery, is projected to conserve $10 billion in…
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Fuel Price Controversy Deepens as NNPC Defends Import Quality Amid Market Tensions
The ongoing debate over Nigeria’s fuel pricing mechanism intensified Tuesday as the Nigerian National Petroleum Company (NNPC) Limited defended its import quality standards amid protests at its Abuja headquarters. The controversy highlights the growing tensions in Nigeria’s downstream petroleum sector since the removal of fuel subsidies. NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, strongly rebutted…