The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL), Engr. Bashir Bayo Ojulari, has disclosed that the company is reviewing the technical performance of its refineries ahead of plans to bring in new partners for their rehabilitation.
Ojulari, in a post on his official X handle, said the ongoing technical and commercial assessments would determine whether the refineries would undergo “high-grade repairs or repurposing to ensure optimal performance and sustainability.”
The move marks a shift from Ojulari’s earlier stance suggesting that the refineries might be sold, following years of failed rehabilitation efforts and billions of dollars spent without tangible results.