Bayo Ojulari reveals why NNPC refineries haven’t worked
[NigerianEye - Nigeria] - 6/02/2026
Bayo Ojulari, chief executive officer (CEO), Nigerian National Petroleum Company (NNPC) Limited, says state-owned refineries have not worked in Nigeria due to the focus on financing and contracting exploration, production, and construction (EPC) companies. Speaking during the just-concluded Nigerian International Energy Summit (NIES), Ojulari said the refineries failed to focus on running the facilities. “The reason our refineries have not worked is that we are focused on the first two: EPC and financing. Anybody who wants to do the financing will get value for it,” he said. “The person (…)
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