The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPC Ltd), Engr Bashir Bayo Ojulari, has said the company targets to ensure efficient and profitable operation of Port Harcourt, Warri and Kaduna refineries.
He also said NNPC Ltd was working to ensure it has the capacity to meet Petroleum Industry Act (PIA) requirements as the supplier of last resort for petroleum products.
He explained that the targets are in line with its national energy strategy for energy security and asset optimization.
He stated this in posts on NNPC Ltd’s website.
The GCEO said that NNPC Ltd has continued to make measured progress in the comprehensive technical and commercial review of the nation’s three refineries — Warri, Port Harcourt, and Kaduna.
He added that aligned with Nigeria’s National Energy Strategy, these efforts reinforce the company’s commitment to energy security, asset optimisation, and value-driven service delivery for the nation.
He said currently, the company was engaged in technical and commercial review for comprehensive assessment of all three refineries for them to be high-grade or repurpose as may be required to ensure optimal performance and sustainability.
Ojulari said the next phase, termed advanced technical partnerships, will be to select technical equity who have a track record of operating refineries to international standards and to complete requisite agreements to mobilise towards implementing high grade or repairs as required.
“We’re repositioning as a commercial driven, transparent energy company serving Nigerians,” he said.
