The NNPC Ltd has taken a significant step towards revitalizing Nigeria’s oil refining capabilities.
The company signed a Memorandum of Understanding with two Chinese firms, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd, to restart the Port Harcourt and Warri Refineries. This collaboration aims to complete outstanding work and enhance the operational efficiency of these facilities.
NNPC Ltd Partners with Chinese Firms for Refineries
The agreement was formalized in Jiaxing City, China, on April 30, 2026, with key executives from all parties present. NNPC Ltd’s Group Chief Executive Officer, Bayo Ojulari, emphasized the importance of this MoU, describing it as a significant milestone after extensive discussions over the past six months.
This partnership is expected to lead to the completion and operation of the Port Harcourt and Warri Refineries, focusing on achieving sustainable performance and profitability. The collaboration also includes plans for expanding petrochemical capacities and developing gas-based industrial hubs.
Nigeria: Key figures on refinery collaboration
- Memorandum of Understanding signed on April 30, 2026
- Parties involved: NNPC Ltd, Sanjiang Chemical Company Limited, Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd
Future Plans for the Refineries
The MoU outlines a framework for completing necessary upgrades at the refineries. It also aims to enhance the facilities to meet cleaner and more profitable product standards. Discussions will continue to identify potential technical equity partners for further development.
Next Steps for NNPC Ltd and Partners
- Complete outstanding work at Port Harcourt and Warri Refineries
- Expand petrochemical capacities
- Develop gas-based industrial hubs
- Explore opportunities for sustainable profitability
This partnership marks a pivotal moment for Nigeria’s refining sector, aiming for enhanced productivity and sustainability.
