Nigeria: NNPC Signs MOU With Chinese Firms for Port Harcourt, Warri Refineries Restart
PETROAN said the partnership could restore refining capacity, improve accountability and create jobs as NNPC seeks technical partners for both plants.
- On Thursday, April 30, the Nigerian National Petroleum Company Limited signed a Memorandum of Understanding with Sanjiang Chemical Company Limited and Xinganchen Industrial Park Operation and Management Co. Ltd in Jiaxing City, China, to rehabilitate and expand the Port Harcourt and Warri refineries.
- Nigeria's four state-run refineries, with a combined installed capacity of 445,000 barrels per day, have struggled with operational constraints and safety issues, including shutdowns at Port Harcourt and Warri facilities.
- The Petroleum Products Retail Outlets Owners Association of Nigeria praised the agreement, with National President Billy Gillis-Harry describing the technical equity partnership model as a "decisive shift" toward performance-driven refinery operations.
- NNPC Group Chief Executive Officer Bashir Bayo Ojulari called the agreement a "significant milestone" after six months of engagement between technical teams, marking an important step toward identifying equity partners.
- Beyond rehabilitation, the partnership aims to help both refineries meet cleaner fuel standards while exploring opportunities to expand petrochemical production capacities and develop gas-based industrial hubs, subject to customary approvals.
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27 Articles
Vanguard News
QUICK NEWS AFRICANNPC signs MoU for restart, expansion of Warri, PH refineries
The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese companies for a Technical Equity Partnership (TEP) to support completion and operation of Port Harcourt and Warri Refineries. The MoU was signed with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd. The deal was signed by the Group CEO of NNPC Ltd, Mr Bashir Ojulari; …
Nigeria: NNPC Signs MOU With Chinese Firms for Port Harcourt, Warri Refineries Restart
The Nigerian National Petroleum Company Limited (NNPC) has signed a Memorandum of Understanding (MoU) with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd for a potential Technical Equity Partnership to complete, operate, and upgrade the Port Harcourt and Warri Refineries.
Bold move - PETROAN sends message to Tinubu, NNPCL on partnership to restart Port Harcourt, Warri refineries
The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has hailed the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, for his administration’s bold and strategic efforts toward revitalising the nation’s refining sector. PETROAN, in a statement on Monday by its spokesperson, Joseph Obele, particularly applauded the recent milestone achieved by the Nigerian National Petroleum Company Limited in signing a Mem…
Premium Times Nigeria
The Guardian NigeriaNNPC signs MoU with Chinese firms to revive Warri, Port Harcourt refineries
The Nigerian National Petroleum Company (NNPC) Limited has signed a Memorandum of Understanding (MoU) with two Chinese firms as part of efforts to restart and expand the Port Harcourt and Warri refineries through a potential technical equity partnership. The post NNPC signs MoU with Chinese firms to revive Warri, Port Harcourt refineries appeared first on Premium Times Nigeria.
NNPC Signs China Deal to Revive Refineries - Economi Confidential
The Nigerian National Petroleum Company Limited (NNPC) has signed a new agreement with two Chinese firms to accelerate the rehabilitation and restart of the Port Harcourt and Warri refineries, nearly a year after the Port Harcourt plant was shut for maintenance. The post NNPC Signs China Deal to Revive Refineries appeared first on Economi Confidential.
NNPC Signs MoU with Chinese Companies to Restart and Expand Port Harcourt and Warri Refineries
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd., to form a Technical Equity Partnership (TEP) aimed at restarting and expanding the Port Harcourt and Warri refineries. The agreement was signed […] The post NNPC Signs MoU with Chinese Companies to Restart …
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