By Otobong Gabriel, Abuja
The Nigerian National Petroleum Company Limited (NNPC Ltd) says it is working on a clear strategy to finally get the country’s long-idle refineries operating efficiently.
Group Chief Executive Officer Bayo Ojulari explained that three key factors are central to the plan: adequate financing, reliable engineering contractors, and strong operational management.
Speaking at the Nigeria International Energy Summit in Abuja, Ojulari said the company is engaging experienced partners with proven expertise in refining and petrochemical operations to ensure the facilities are sustainable and commercially viable.
He noted that past efforts focused mainly on funding and construction, but the new approach places greater emphasis on long-term operational efficiency and profitability.
Ojulari also pointed to recent progress in tackling crude oil theft, crediting improved collaboration with industry players and enhanced security measures, including technology-driven surveillance and community partnerships.
According to him, these steps have helped stabilise production and strengthen confidence in Nigeria’s oil and gas sector.
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