NNPC Ltd has signed an MoU with two Chinese firms to restart and expand the Warri and Port Harcourt refineries after years of failed rehabilitation efforts.
The Nigerian National Petroleum Company Limited (NNPC Ltd) has announced the signing of a Memorandum of Understanding with two Chinese firms to facilitate the restart and expansion of the Warri and Port Harcourt refineries, following years of multi-billion-naira failed investments in their rehabilitation. The agreement, signed on Thursday, April 30, 2026, involves Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd.
According to a statement signed by its Chief Corporate Communications Officer, Andy Odeh, the collaboration is aimed at establishing a potential Technical Equity Partnership to support the completion and operation of the two critical refining assets. The statement noted that the MoU was executed in Jiaxing City by the Group CEO of NNPC Ltd, Engr. Bashir Bayo Ojulari, alongside the chairmen of the partner firms.
The statement partly read: “The MoU was signed by the Group CEO, NNPC Ltd, Engr. Bashir Bayo Ojulari; Chairman, Sanjiang Chemical Company, Guan Jianzhong and Chairman of Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, Bill Bi, in Jiaxing City, China, on Thursday, April 30, 2026. “The potential framework would cover completion of outstanding work at the two refineries, together with operating and maintaining both facilities to achieve best-in-class, sustainable performance. Planned expansion and upgrades would elevate both facilities to cleaner, more profitable product standards. “The potential collaboration also contemplates expanding the refineries’ petrochemical capacities and harnessing gas and downstream opportunities through the development of co-located, gas-based industrial hubs.”
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