EDSG, NNPC Collaborates To Establish 10,000 BPD Condensate Refinery In Edo, Says It Will Reduce Unemployment
Lucky Obukohwo, Reporting The Edo State Government (EDSG) and the Nigerian National Petroleum Corporation (NNPC) Limited have indicated their readiness to partner on establishing a 10,000 barrels-per-day (bpd) condensate refinery in Edo State, saying it would help reduce unemployment in the state. The refinery, slated for completion within 24 to 36 months, will be located […]
At Last NNPC Comes Out Clean, Expresses Inability To Run Nigeria’s Refineries
The Group Chief Executive Officer, lamented that refinery utilisation hovered between 40 and 50 per cent, while operating costs, crude supply losses and contractor payments continued to rise. The result was a system that converted valuable crude oil into low-value products at a net loss to the country.
“No Hope for NNPC Refineries, They’re Practically Dead” — Dangote Declares Monopoly as State Assets Rot
By Toba Owojaiye Africa’s richest man, Alhaji Aliko Dangote, has delivered a damning verdict on Nigeria’s state-owned refineries, declaring them “practically dead” and unfit for any meaningful future operations. With a sweeping tone of finality, the billionaire industrialist cast fresh doubt over the prospects of reviving the Port Harcourt, Warri, and Kaduna […]