/ Jun 29, 2026
/ Jun 29, 2026

NNPC moves to restart refineries with new China partnership

Published on

By

The Nigerian National Petroleum Company Limited (NNPC) has signed a Memorandum of Understanding with two Chinese firms to advance plans for the completion and operation of the Warri and Port Harcourt refineries.

The agreement, executed in Jiaxing City, China, on April 30, 2026, involves NNPC Ltd’s Group Chief Executive Officer, Bayo Ojulari, alongside Guan Jianzhong of Sanjiang Chemical Company and Bill Bi of Xinganchen Industrial Park Operation and Management Co., Ltd.

According to a statement issued by NNPC spokesperson Andy Odeh, the MoU outlines a potential Technical Equity Partnership aimed at completing outstanding work and ensuring the efficient operation and maintenance of both refineries.

The partnership is expected to drive upgrades that will improve product quality and boost profitability, while aligning operations with cleaner energy standards.

NNPC Ltd said the collaboration could also support expansion into petrochemicals and gas-based industrial hubs, leveraging opportunities within the downstream sector.

Ojulari described the agreement as a milestone following over six months of engagement between the parties, noting that it reflects a shared commitment to achieving long-term sustainability for Nigeria’s refining assets.

He added that the MoU marks a key step towards identifying technical equity partners to revitalise the country’s refineries and unlock broader industrial opportunities.

The company emphasised that the agreement signals intent, with final terms subject to further negotiations and regulatory approvals.

Source: NNPC Ltd statement

You May Like

Leave a Reply

Your email address will not be published. Required fields are marked *

Most Popular

Must Read

Osasere Okundaye, 16, recognised as Nigeria's youngest chartered accountant after achieving professional ICAN qualification.

16-Year-Old Osasere Okundaye becomes Nigeria’s youngest chartered accountant

A 16-year-old Nigerian student, Osasere Okundaye, has made history by becoming the youngest chartered accountant in Nigeria.   According to TheCable, the achievement was celebrated by the Minister of Youth Development, Ayodele Olawande, who described it as a reflection of hard work, discipline, resilience and an unwavering commitment to excellence. In a statement issued on Monday, Olawande said Okundaye’s success demonstrates the limitless potential of Nigerian youths and serves as an inspiration for young people across the country. > “Osasere has distinguished herself as a shining example of the limitless potential of Nigerian youth. Her accomplishment reminds us that with determination, dedication, and the right support, young Nigerians can break barriers, set new records, and inspire a generation to dream bigger and strive for excellence,” the minister said. He also congratulated her parents, family, teachers, mentors and everyone who contributed to her academic journey, acknowledging their encouragement and sacrifices. The minister added that the Federal Ministry of Youth Development remains committed to implementing policies and programmes that empower young Nigerians to achieve their full potential. Okundaye’s achievement comes a year after Temilola Blossom Arise, then an 18-year-old economics student at University of Ilorin, passed all five papers in the professional stage examination of the Institute of Chartered Accountants of Nigeria to qualify as a chartered accountant. TheCable reported that Okundaye’s milestone sets a new national record for the youngest person to attain chartered accountant status in Nigeria.
Read more

Editor's Pick

Trending News

Newsletter

Enter your email address and receive notifications of news by email.

You have been successfully Subscribed! Ops! Something went wrong, please try again.

© 2026 GongNews. All Rights Reserved.