Hold NNPCL Accountable for Refinery Renovations - Minister   The Minister of State for Petroleum Resources, Heineken Lokpobiri, stated that the Nigerian National Petroleum Company Limited was responsible for the timely renovation of state-owned refineries. Lokpobiri disclosed this on Friday while responding to questions from State House...

FG Says Port Harcourt Refinery'll Produce 60,000 barrels/day Early 2023   The Minister of State for Petroleum Resources, Chief Timipre Sylva, on Tuesday, said the April 2023 completion date for the rehabilitation of the Port Harcourt refinery was feasible and that the plant would refine 60,000...

Only A Third of NNPC’s Investment In Refinery Will Be Paid In Cash - Dangote       Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 per cent equity taken by the Nigerian National Petroleum Corporation (NNPC) in...

NNPC Signs $1.5bn P/Harcourt Refinery Repair Contract, Targets 18-month Completion       The Nigerian National Petroleum Corporation on Tuesday officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of the Port Harcourt Refining Company. Parties in the agreement also announced the commencement of the project...

The Scandal in Port-Harcourt Refinery, by Eric Teniola     Abracadabra is now commonly used as an incantation in the performance of magic. Literally it is used as the more you look, the less you know or see. Abracadabra is the best word to describe what is...

New Refinery Will Cost FG About $12bn - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following due process, building a new refinery in...