The Federal Government of Nigeria has addressed the potential sale of the Nigerian National Petroleum Company Limited (NNPCL) refineries, including those in Kaduna and Port Harcourt.
The Special Adviser to President Bola Tinubu on Energy, Olu Verheijen, made the disclosure in an interview with Bloomberg TV at a recent event in Abu Dhabi.
Verheijen maintained that the federal government has not ruled out the refineries’ sale.
According to Verheijen, the government’s reform agenda under President Tinubu aims to restore market efficiency and transparency, ensuring that the petroleum sector operates on purely commercial terms.
Recall that in May this year, NNPCL announced the shutdown of the Port Harcourt refinery for routine maintenance.
In a recent update, NNPCL Group Chief Executive Officer, Bayo Ojulari, revealed that the state-owned oil company is seeking technical equity partners to operate and manage the Port Harcourt, Warri, and Kaduna refineries in line with international standards.
