NNPCL: We will conclude review of Port Harcourt Refinery by December – Ojulari

The Group Chief Executive Officer of Nigerian National Petroleum Company, Bayo Ojulari, has said the state-owned oil firm is planning to conclude its review of the Port Harcourt, Warri, and Kaduna refineries before the end of December 2025.
Ojuari disclosed this in an interview with Bloomberg published on Thursday, at the sideline of the a recent seminar for the Organisation of Petroleum Exporting Countries.
He noted that NNPCL would make a decision on selling the refineries after it had concluded its review process.
According to him, some of the technologies brought in to revamp the refineries have not worked as expected due to the old nature of the plants.
“So our refineries, we have made quite a lot of investment in over the last several years and brought in a lot of technologies. We have been challenged that some of those technologies have not worked as expected so far. As you know, refining a very old refinery that has been abandoned for some time becomes a little bit complicated. So we are reviewing all our refineries strategies now. We hope before the end of the year we will conclude the review.
“The review will lead to us doing things differently.
When asked by Bloomberg whether selling the refineries is an option, Ojulari said, “What we are saying is that a sale is not out of the question; all the options are on the table. That decision will be based on the outcome of the review.
Ojulari’s comments come after NNPCL, on May 24, 2025, announced the shutdown of the Port Harcourt refinery for planned maintenance and sustainability assessment.
In November and December last year, the former GCEO of NNPCL, Mele Kyari, announced the successful rehabilitation and commencement of operations at the Port Harcourt and Warri refineries.
NNPCL: We will conclude review of Port Harcourt Refinery by December – Ojulari