Private Sector Funding For Refineries Hampered By Interest Rates, Others   Interest rates on pre-funding loan and commercial pricing for Direct Sale-Direct Purchase of crude between the Nigerian National Petroleum Corporation and international oil companies, among few other concerns, are issues that stalled the provision of...

We'll Repair Refineries Without FG's Funds - Kachikwu The repair of Nigeria’s four refineries will be done without the Federal Government’s money, President Muhammadu Buhari has said. It was also gathered that the current administration has not spent any dime on the repairs of Nigeria’s refineries...

Kachikwu - Two Modular Refineries Set For Inauguration In December       The Federal Government has said that two of the 38 modular refineries granted licences to operate in the Niger Delta region will be completed and ready for inauguration by December this year. It noted that the...

NNPC’s Refineries Contributed Only 0.55% To Nigeria’s GDP In 2016, Says Report   A study commissioned by the Nigerian Natural Resource Charter (NNRC) and conducted by the Centre for Petroleum, Energy Economics and Law (CPEEL), University of Ibadan on the contributions of the four refineries owned...

NNPC Still Negotiating Financing Terms For Refineries’ Revamp Project - Baru   The Nigerian National Petroleum Corporation (NNPC) is still negotiating the terms of funding for the revamp of its four refineries in Kaduna, Port Harcourt and Warri, with potential financiers, the corporation’s Group Managing Director,...

NNPC About Selecting Financiers for Refineries The Nigerian National Petroleum Corporation (NNPC) is inching closer to arriving at the choice of financiers for the Port Harcourt Refining Company Limited (PHRC), Warri Refining and Petrochemical Company Limited (WRPC) and the Kaduna Refining and Petrochemical Company Limited. The...