NNPCL Refineries Shutdown Necessary Reset - Iledare

NNPCL refineries shutdown necessary reset - Iledare

Foremost energy expert and Professor Emeritus of Petroleum Economics, Prof. Wumi Iledare, has reacted to the Nigerian National Petroleum Company Limited, NNPCL, boss, Bayo Ojulari’s remarks on the state-owned Port Harcourt, Warri, and Kaduna refineries. Prof. Iledare said Ojulari’s admittance of realism, which prompted the pause of the refineries, signals that the existing structure risks destroying value rather than creating it. He disclosed th…

Why Nigeria’s State Refineries Keep Failing: The Hard Reset NNPC Is Now Forcing

Nigeria’s refinery failure was never primarily about money; it was about operating truth. Capital without capability destroys value. Ojulari’s candour marks a rare institutional moment where denial gives way to commercial realism.

Why We Shut Down the Refineries — Ojulari - Economi Confidential

Why We Shut Down the Refineries — Ojulari   The Group Chief Executive Officer (GCEO) of the Nigeria National Petroleum Company (NNPC Ltd), Engineer Bayo Ojulari, has given reasons why the operations of the government-owned refineries were stopped. Nigeria has four refineries two in Port Harcourt and one each in Warri and Kaduna. The refineries, […] The post Why We Shut Down the Refineries — Ojulari appeared first on Economi Confidential.

Why we shut down Port Harcourt, Warri, Kaduna refineries, by NNPCL GCEO

The Nigerian National Petroleum Company Limited (NNPC Ltd.) says state-owned refineries in Port Harcourt, Warri and Kaduna were shut down after internal reviews revealed that they were operating at “monumental losses” and destroying value for the country. Mr Bashir Ojulari, Group Chief Executive Officer, NNPC Ltd. said this in a Fireside Chat on Securing Nigeria’s […] The post Why we shut down Port Harcourt, Warri, Kaduna refineries, by NNPCL GC…

NNPC Orders Shutdown of State Refineries Over Value Leakage Concerns

Nigeria’s NNPC Ltd. has ordered the shutdown of the country’s state-owned refineries after internal assessments showed they were running at “monumental losses” and destroying national value, according to Group Chief Executive Officer Bashir Ojulari. Ojulari disclosed this during a fireside chat on securing Nigeria’s energy future at the Nigeria International Energy Summit in Abuja on … The post NNPC Orders Shutdown of State Refineries Over Value…

Refinery Crisis: Iledare Warns of Systemic Value Destruction

The chief executive of Nigeria’s state oil company has defended the pause of national refinery operations, but a prominent energy […]Read more at Media Talk Africa