NNPC Spends Over N63bn Maintaining Nigeria's Three Idle Refineries The Nigerian National Petroleum Company Limited (NNPC) invested N63.3 billion on its three refineries located in Port Harcourt, Warri and Kaduna. The National Bureau of Statistics report on trade revealed that in 2021 petrol importation jumped by...

Reps To Invite Ministers, NNPC, Others In Refineries, Fuel Consumption Probe   The House of Representatives Ad Hoc Committee on the State of Refineries in Nigeria is billed to invite top Federal Government officials, regulators, marketers, workers’ unions, oil companies, and other stakeholders in the petroleum...

Reps Subsidy, Refineries Repairs’ Panel May Invite NNPC, Marketers   The House of Representatives’ Ad Hoc Committee on the State of Refineries in Nigeria has begun investigation of the current state of the country’s four refineries and the amounts spent on the ‘Turn-Around Maintenance’ of the...

Buhari Won't Fix Refineries, Passes Buck To Next Administration   The administration of President Muhammadu Buhari will not be able to complete the repairs of the comatose refineries and will be expecting the next government to continue with it. The Minister of State for Petroleum Resources, Timipre...

Refineries Rehabilitation Gulped N100bn In 2021 - NNPC   The Nigerian National Petroleum Company Limited has said it spent N100bn on refineries’ rehabilitation in 2021 and that funds were pumped into revamping the facilities on a monthly basis last year. It disclosed this in a report on...

Nigeria Needs $3bn Investment In Refinery     To meet the growing demand of her 17.3 million Metric tons of petroleum products, Nigeria needs to invest about $3.09 billion in refinery projects. The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari, who disclosed this at the...