NNPC Outlines Three-Pronged Strategy to Reactivate Nigerian Refineries
The Nigerian National Petroleum Corporation Limited (NNPC Ltd) has identified financing, a competent engineering, procurement, and construction (EPC) contractor, and advanced operational capacity as the three critical pillars required to restore the nation’s refineries to full production.
Group Chief Executive Officer (GCEO) Bayo Ojulari made the statement during a fireside chat at the Nigeria International Energy Summit in Abuja. He emphasised that while historical efforts centred on securing project financing and EPC delivery, the current strategy prioritises establishing a sustainable operating model to ensure long-term viability.
“Getting refineries up and running requires three critical elements: financing, a competent EPC contractor, and world-class operational capacity. That is exactly our focus at the moment,” Ojulari stated.
He further disclosed that NNPC is actively engaged in discussions with potential partners recognised for their expertise in refining and petrochemical operations. The objective is to forge partnerships that will develop self-financing and profitable solutions for the refineries, moving beyond mere rehabilitation toward commercial sustainability.
The GCEO linked this operational shift to the corporation’s broader transformation agenda, asserting that NNPC Ltd is now better positioned for sustained profitability and commercial success, which is central to securing Nigeria’s energy future.
In a related development, Ojulari highlighted significant progress in reducing crude oil theft, attributing the gains to strengthened collaboration with upstream operators and targeted interventions. He described a new engagement model with partners focused on improving systems and processes to accelerate production and enhance contracting outcomes.
A decisive factor, he noted, was the Federal Government’s structured
