Close Menu

    Subscribe to Updates

    Get the latest news as they happen

    What's Hot

    FAAN Issues Deadline for Vehicle Standards, Tariff for Airport Taxis

    June 26, 2026

    FCMB Brings Everyday Banking Rewards with New Mobile App

    June 26, 2026

    Providus And Unity Bank In Integration, Merger Reaches Final Phase

    June 26, 2026
    Facebook X (Twitter) Instagram
    Megastar Magazine
    • Politics

      President Tinubu Congratulates Oyebanji On Re-election As Ekiti Governor

      June 21, 2026

      Voting Exercise Commences Peacefully With INEC Ad-hoc Staff Early Arrival In Ekiti State. 

      June 20, 2026

      Itsekiri, Ijaw Decide on Rotation of Proposed Warri Federal Constituency II Seat

      June 13, 2026

      INEC Warns on Party Disputes, Set to Issue Portal Codes June 26

      June 10, 2026

      Musiliu Obanikoro Appointed as Campaign DG for 2027 Lagos APC Governorship Bid

      June 5, 2026
    • Entertainment
      1. People
      2. Events
      3. Fashion
      Featured
      Entertainment June 25, 2026

      Joshua Bamiloye Dismisses Mount Zion Films Demonising Yoruba Culture

      Recent

      Joshua Bamiloye Dismisses Mount Zion Films Demonising Yoruba Culture

      June 25, 2026

      Davido’s World Cup 2026 Performance Hit 3.92 Billion, 156 Countries ~ Report

      June 24, 2026

      Tiredness Is Not Laziness ~ Timi Dakolo Advises Men To Rest

      June 19, 2026
    • Business

      Lafarge Turns Name to HBM Nigeria Plc, Unveils New Corporate Identity

      June 25, 2026

      NCGC Partners SMEDAN to Boost MSME Access to Loans

      June 25, 2026

      NCC, CAC Unveil Requirement For Approving Telcos’ Shareholding, Ownership Changes

      June 22, 2026

      NDPC Partners Meta to Unveil Two-year Data Protection Initiative

      June 8, 2026

      inDrive Unveils International Social Initiative Against Bullying

      June 1, 2026
    • Health

      Ebola Precaution: Tinubu Approves N10bn Emergency Funding 

      June 10, 2026

      FG to Minimize Medical Equipment Imports, Unveils $1.2bn Reform Plan for Local Manufacturers

      June 4, 2026

      Ultra-processed foods may significantly increase heart disease risk

      May 17, 2026

      Ebola outbreak in Congo kills at least 80, spreads concern to Uganda

      May 17, 2026

      New Ebola Outbreak Confirmed in Eastern Congo as Death Toll Rises

      May 15, 2026
    • Culture

      FCMB Reiterates Commitment for Ojude Oba as Key Driver of Heritage

      June 7, 2026

      Rite Foods Lightens Ojude Oba 2026, Refreshes Thousands

      June 2, 2026

      Ojude Oba 2026: Glo Rewards Age Grades, Horse Riders. 

      May 30, 2026

      FCMB Commends Ojude Oba’s Role In Strengthening Culture And Economy

      May 26, 2026

      Gov Adeleke Presents Staff of Office to Afilaka as Alatorin

      May 14, 2026
    • Lifestyle

      Nigeria: The Belly of the Beast

      June 24, 2026

      The Room We Never Left: Trauma, Insecurity, and the African Child

      May 25, 2026

      Airbnb Expands Into Hotels, Car Rentals and Grocery Services Amid Global Regulatory Pressure

      May 21, 2026

      DStv, GOtv Price Hike Pushes Nigerians Toward Local Streaming Alternatives

      May 14, 2026

      World Bank Highlights Early Childhood Development as Key to Nigeria’s Economic Future

      April 19, 2026
    • Sports

      Bosnia Defeat Qatar to Advance to First-ever World Cup Knockout Round

      June 25, 2026

      South Africa Reach World Cup Knockout Stage Beating South Korea 1-0 to Make History

      June 25, 2026

      Access Bank UK Polo Day 2026: Windsor Hosts Captivating Season of Most Anticipated International Gatherings 

      June 25, 2026

      Davido’s World Cup 2026 Performance Hit 3.92 Billion, 156 Countries ~ Report

      June 24, 2026

      Chelle Takes Charge of Olympic Eagles Coach Job

      June 23, 2026
    • Contact
    YouTube Facebook Instagram WhatsApp
    Megastar Magazine
    Home » NNPCL gives an invite to former President of Nigeria to go on tour of PH, Warri Refineries
    News

    NNPCL gives an invite to former President of Nigeria to go on tour of PH, Warri Refineries

    Ifetayo AdeniyiBy Ifetayo AdeniyiJanuary 4, 20255 Mins Read
    Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email Telegram
    Share
    Facebook Twitter WhatsApp Telegram Email

    NNPCL gives an invite to former President of Nigeria to go on tour of PH, Warri Refineries

    NNPCL gives an invite to former president of Nigeria to go on tour of PH, Warri Refineries

    Former President Olusegun Obasanjo received a special invitation yesterday: a tour of the Port Harcourt and Warri refineries to confirm their operational status.

    The Nigerian National Petroleum Company Limited (NNPCL) assured Obasanjo the days of inefficiency were gone and that the one-time corporation is now a profit-driven company.

    NNPCL was reacting to an interview Obasanjo granted Channels Television, in which he said Shell Petroleum Development Company (SPDC) told him that the NNPCL could not run a refinery.

    According to him, SPDC was invited to buy equity in the plant but complained that corruption would never allow it to function.

    Obasanjo expressed the view that NNPCL had been very deceptive about the functionality of the refineries.

    The Port Harcourt Refinery started working in November, while Warri began operation last month.

    NNPCL Chief Corporate Communications Officer, Mr. Olufemi Soneye, extended the company’s invitation to the former president for a tour of the refineries.

    He said: “We extend an open invitation to President Obasanjo for a tour of the rehabilitated refineries to witness firsthand the progress made under the new NNPC Limited.

    “We invite our esteemed former president to join us in this effort as we continue to deliver energy security for our nation and provide tangible benefits to Nigerians.

    “His wisdom and experience are invaluable, and we assure him that his advice will always be welcomed and appreciated.”

    According to Soneye, NNPCL did not merely carry out turnaround maintenance but did a complete overhaul of the refineries.

    He said: “As part of this transformation, NNPC Limited has gone beyond oil and gas to become an integrated energy company.

    “One of our notable achievements is the complete rehabilitation of the Port Harcourt Refining Company (PhRC) and Warri Refinery.

    “This process was not merely the Turnaround Maintenance (TAM) of the past but a full-scale overhaul designed to meet world-class standards.

    “Similarly, we are currently conducting the same comprehensive rehabilitation of the old Port Harcourt Refinery and Kaduna Refinery.”

    The spokesman said NNPCL has also moved on from being a loss-making organisation to profit -driven international energy firm.

    The new NNPC Limited, Soneye said, is committed not only to enhancing the refineries but also to maintaining them to global standards.

    He said: “The NNPC has undergone a transformative journey, evolving from a government corporation into a private entity—NNPC Limited.

    “This transition has marked a significant shift from being a loss-making organisation to a profit-oriented global energy company.

    “We deeply respect and hold President Obasanjo in the highest regard as a distinguished statesman who has contributed significantly to the progress of our nation.

    “He has every right to share his perspectives on national issues, and we value his insights and counsel.

    “We remain grateful for his leadership and enduring commitment to the growth and development of Nigeria.

    “Together, we can continue to build a brighter future for our great nation.”

    Obasanjo expresses doubts

    Obasanjo said his successor, the late President Umaru Musa Yar’Adua, rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt and Kaduna refineries in 2007.

    Speaking on the television programme, the former president said he sought external help to rehabilitate and manage the facilities but faced resistance.

    “When I was president, I wanted to do something about the three refineries: Port Harcourt, Warri, and Kaduna.

    “Aliko got a team together after I asked Shell to come and run it for us. And Shell said they wouldn’t.

    “Later on, I called them. I called the boss of Shell to come and tell me what the problem was and he gave me four or five reasons.

    “He (Shell boss) said, first of all, they make a major profit from upstream, not from downstream. He said they run downstream just to keep their head above water.

    “Two, our refineries were too small: 60,000 barrels, 100,000 barrels and I think 120,000 barrels. He said that at that time, the average refinery was going for 250,000 barrels.

    “Three, he said our refineries were not well maintained. Four, he said there was too much corruption around the activities of our refinery and they would not want to get involved in that.

    “After that, Aliko got a team together and they paid $750million to take part in PPP (Public–Private Partnership) in running the refineries.

    “My successor refunded their money and I went to my successor and told him what transpired.

    “He said NNPC said they wanted the refineries and they could run it.

    “I said: ‘But you know they cannot run it.’”

    Obasanjo was confident in Dangote’s ability to manage his refinery effectively, unlike those of the NNPCL.

    “I was told not too long ago that since that time, more than $2 billion have been squandered on the refineries and they still will not work.

    “If a company like Shell tells me what they told me, I will believe them.

    “But here we are, over $2 billion squandered, and the refineries still won’t work,” Obasanjo said.

    Presidents of the Nigerian Labour Congress (NLC), Joe Ajaero, and the Trade Union Congress (TUC), Festus Osifo, in November confirmed the operational status of the Old Port Harcourt Refinery.

    Ajaero and Osifo, along with other union leaders, visited the rehabilitated refinery and verified its functionality, including the quality of its petroleum output.

    The confirmation of the refinery’s operations by the labour centre presidents came days after the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) confirmed the resumption of production.

    Last month, NNPCL insisted that the Old Port Harcourt Refinery was up and running, with loading operations in full swing.

    Group Chief Executive Officer, Mr Mele Kyari, extended an invitation to human rights lawyer, Mr Femi Falana (SAN), and all those in doubt to join a tour of the refineries to verify their status.

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp Reddit Tumblr Email
    Previous ArticleReason behind Peter Obi’s visit to Obasanjo in Lagos
    Next Article FAO reports, Global food prices drop 2% in 2024 
    Ifetayo Adeniyi
    • Website

    Adeniyi Ifetayo Moses is an Entrepreneur, Award winning Celebrity journalist, Luxury and Lifestyle Reporter with Ben tv London and Publisher, Megastar Magazine. He has carved a niche for himself with over 15 years of experience in celebrity Journalism and Media PR.

    Related Posts

    News June 26, 2026

    Access Bank Financing Initiative Offers Loan To Acquire Vehicles with 10% Deposit

    News June 26, 2026

    Dangote Cement Ibese Commissions Cassava Processing Plant, Tackles Rising Food Prices In Ogun

    Energy June 25, 2026

    King of Gas ~ Julius Rone Celebrates 52nd Birthday, Gets Industry’s Accolades

    News June 25, 2026

    Accounts of 6 Terrorism Suspects, 4 BDC Operators Freezed ~ CBN

    News June 25, 2026

    Rescue Mission 2.0: Why Zamfara Must Return Governor Dauda Lawal in 2027

    News June 25, 2026

    Trump Declares US 250th National Anniversary Party Open with Rally-style Speech

    Leave A Reply Cancel Reply

    Don't Miss
    TRAVELS $ GUIDE June 26, 2026

    FAAN Issues Deadline for Vehicle Standards, Tariff for Airport Taxis

    The Federal Airports Authority of Nigeria (FAAN) has given October 2026 deadline for taxis operating…

    FCMB Brings Everyday Banking Rewards with New Mobile App

    June 26, 2026

    Providus And Unity Bank In Integration, Merger Reaches Final Phase

    June 26, 2026

    Dangote Refinery Further Lowers Petrol Gantry Price To N1125 Per Litre

    June 26, 2026

    Subscribe to Updates

    Get the latest news as they happen

    Stay In Touch
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Our Picks

    2021 Keffi Polo: Immortalize Late Capt Hosa Organizers Urged FG

    November 12, 2021

    Mars E&P secures $274 million facility from AFREXIM Bank

    November 25, 2021

    Benin Club @90: Leemon Ikpea, Gregory, Others To Be Invested As Patron, Trustees

    November 25, 2021
    New Comments
    • Anozie okolo on Supreme Court Affirms President Tinubu’s Victory As Atiku, Peter Obi Lose
    • Mc richman on Nigeria and South African Music histories
    • Moses Ibrahim on Olu of Warri: Pictorial @ The Ogiame Atuwatse III Economic Summit.
    • Sen Rich Kay on MALARIA ERADICATION: Prince Ned Nwoko & NMEP Meet for joint action.
    Megastar Magazine
    YouTube Facebook WhatsApp Instagram
    • Privacy Policy
    • Terms of Use
    • Contact Us
    © 2026 Megastar Magazine. Designed by MANNDI

    Type above and press Enter to search. Press Esc to cancel.