NNPC Rules Out Port Harcourt Refinery Sale - Politics - Nairaland
Nairaland Forum › Nairaland General › Politics › NNPC Rules Out Port Harcourt Refinery Sale (4722 Views)
| NNPC Rules Out Port Harcourt Refinery Sale by Omooba77(op): 3:17pm On Jul 30, 2025 |
The Nigerian National Petroleum Company Limited has officially ruled out the sale of the Port Harcourt Refining Company, reaffirming its commitment to completing high-grade rehabilitation and retention of the plant.https://punchng.com/breaking-nnpc-rules-out-port-harcourt-refinery-sale/ 5 Likes 1 Share
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| Re: NNPC Rules Out Port Harcourt Refinery Sale by budaatum: 3:43pm On Jul 30, 2025 |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by OSUNADC: 4:03pm On Jul 30, 2025 |
Despite the hullabaloo, media frenzy ,reckless spree and unbelievable wanton corruption in the Port Harcourt refinery, they cannot account for anything tangible, not even a drop of refined oil. They are confused in BalaBlu and can't defend their reckless stealing; hence this press release. To call this government a failure is just putting it mildly. ADC: HERE WE COME!!! 5 Likes 1 Share |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by lordm(m): 7:17pm On Jul 30, 2025 |
I pity who will buy Kaduna refinery. What is a refinery doing in Kaduna self? 5 Likes |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by jmoore(m): 7:17pm On Jul 30, 2025 |
Retain it as conduit pipe for looting more money. 7 Likes |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Blitzking: 7:19pm On Jul 30, 2025*. Modified: 12:57am On Jul 31, 2025 |
Omooba77:The day dey sell am...corruption is finally loosing its grip in nigeria 5 Likes |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Smokeybrain(m): 7:21pm On Jul 30, 2025 |
This one must chop na. Maintenance money go choke again . You U will soon hear TAM $1.5 billion Genius J 8 Likes 1 Share |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Oritna94(m): 7:21pm On Jul 30, 2025 |
jmoore:Gbam. This is the main reason. To continue the siphoning scheme. 2 Likes |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Oakenshield: 7:23pm On Jul 30, 2025 |
So meaning more bili of green bills must be galloped by new excos before it sees the light |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Shimbo96(m): 7:24pm On Jul 30, 2025 |
If truly NNPC belongs to Nigerians then until we protest this people will never stop deceiving us. They never account for the 210 trillion stolen but I guess next budget now they will allocate another billions to repair refinery. Be like GOD, OGUN, SANGO and more wan punish this people combine. Until the youths (from all tribes) join hands together to fight this people, they will never stop playing us. 4 Likes 1 Share |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by koxyz: 7:26pm On Jul 30, 2025 |
Several governments in the past have tried to revive these refineries all to no avail.Only God knows when this circus of madness will stop |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by jocelynor: 7:26pm On Jul 30, 2025 |
U mean depor Not enough original content Please take a moment to write a quality post with at least 40 characters. |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Shimbo96(m): 7:27pm On Jul 30, 2025 |
Oakenshield:without assurance say e go work sef... I tire for this country o. No hope at all, criminals everywhere controlling our resources. I mean how is that last NNPC chairman still working freely? 1 Like |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by ufotunang: 7:31pm On Jul 30, 2025 |
Selling the refinery to the private oil operators, entrepreneurs is the solution.. government cannot operate and run the refinery..it's the private sector , private oil operators, entrepreneurs that is good and perfect in running and operating businesses and refineries... the role of government is to provide a conducive environment for businesses companies industries, refineries to thrive.. and not to run businesses companies industries, refineries.. simple |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by onatisi(m): 7:31pm On Jul 30, 2025 |
Lolz ,they have started testing the waters to see Nigerians reactions . The next thing will be a senator or rep raising it on the floor Senate and rep will debate it Fig will setup a committee , Lastly they will approve and do some wonder wonder open bidding Kaput ,matter die For them to even mention it,it means they deliberating on it 1 Like |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by ufotunang: 7:36pm On Jul 30, 2025 |
jmoore:,.abi..they want to use the funds of rehabilitation of the refinery to loot and enrich themselves |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by adamkkk: 7:43pm On Jul 30, 2025 |
propaganda can not stay forever. It will one day open d fowl yanch Make dem continue to pump trillions into it and loot it and keep saying it functional 1 Like |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Love800(m): 7:51pm On Jul 30, 2025 |
Who wants to buy it! Hope its not up to 1billion dollar? 1 Like |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Faposky95: 7:57pm On Jul 30, 2025 |
OSUNADC:If ADC remove That Benue man, that KadunaS kpaier, the PH loser and that Boss wey no get brake.....I go buy into una concept. Until then |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by lowkeybahdguy(m): 8:07pm On Jul 30, 2025 |
“The ongoing review indicates that the earlier decision to operate the Port Harcourt refinery, before full completion of its rehabilitation, was ill-informed and subcommercial. ”Although progress is being made on all three, the emerging outlook calls for more advanced technical partnerships to complete and high-grade the rehabilitation of the Port Harcourt refinery[...]" |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by frog12: 8:14pm On Jul 30, 2025 |
man dey fight back. sapagote wan throw dem out of business  |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Kukutente23: 8:19pm On Jul 30, 2025 |
All man must chop May food not finish when my turn to chop comes Zombies are avoiding this thread |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Itzlinda(f): 8:25pm On Jul 30, 2025 |
Very useless MD. Seems like all the big players in oil industry are corrupt and have no conscience. |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Emu4life(m): 8:38pm On Jul 30, 2025 |
Corruption has hooked this institution. They are scared of losing the "Turnaround Maintenance " loot |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Bankowner: 9:19pm On Jul 30, 2025 |
It must continue as cash cow for a select few. Who kills the goose that lays the golden egg? |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by Gboss247(m): 10:11pm On Jul 30, 2025 |
Omooba77:National cashout ATM retained, more cashout expected from turnaround maintenance (TAM) 1 Like
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| Re: NNPC Rules Out Port Harcourt Refinery Sale by professorPABX: 5:47am On Jul 31, 2025 |
jmoore:That is it. Bayo Ojulari is under serious pressure. The Kigali meeting was a setup for him he never took the decision to have the meeting in Kigali. They want to retain the refineries not just Portharcourt Refinery as a conduit pipe for looting. Yaradua / Jonathan Government is the worst Government in Africa. I have said it severally and stand on what I know and on what I said. OBASANJO fought many battles to sell Refineries. If OBASANJO had done 3rd term those Refineries that were sold would have been turned around within the 4 years by DANGOTE / OTEDOLA Consortium. Money in the Reserve would have been up to $100 billion or more as oil price jumped above $100 per barrel in 2008. Yaradua played to gallery to satisfy anti Obasanjo crusaders and stabilize his rulership. He wasted Independent Power Project, cancelled refineries sale that OBASANJO fought to sell, allow importation of Cement. After $18 billion dollars wasted on refineries maintenance they still want to continue spending money on Portharcourt Refinery. No problem. 1 Like |
| Re: NNPC Rules Out Port Harcourt Refinery Sale by fxexperts: 7:30am On Jul 31, 2025 |
Blitzking:Then boom peter obi will come back in 2027 to reverse the sale and people like you will hail him and he will pump another $1.5B into the refinery again and you people will be jubilating and the refinery will only produce like 10 litres of petrol and shutdown again then the circle continues on and on without end. because we don't learn in this country. 1 Like 1 Share |
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