NNPC To Acquire Equity In Private Refineries In Line With Fg s Policy thenigerianvoice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thenigerianvoice.com Daily Mail and Mail on Sunday newspapers.
Tue Jun 01 2021
The Nigerian National Petroleum Corporation (NNPC) has revealed that it is currently considering equity participation in a number of private refineries in the country.
The NNPC in a statement last night said the move is in line with a Federal Government’s policy directive, which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping with its statutory role of safeguarding national energy security.
In this regard, the Corporation has identified at least six refinery projects in which it intends to seek equity participation, five of them are at the development stage with the Dangote Refinery being the largest of them, the statement said.
The Nigerian National Petroleum Corporation (NNPC) says it is currently considering equity participation in a number of private refineries in the country.
(AFRICAN EXAMINER) – The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping […]