NNPC CEO Bayo Ojulari says selling Nigeria’s refineries is now on the table as ongoing rehabilitation faces mounting challenges. Despite initial progress at the Port Harcourt refinery, it was shut down again in May.
Ojulari, speaking at the OPEC seminar in Vienna, revealed the company is reassessing its refinery strategy, with a decision expected by year-end. He also noted Nigeria’s oil production cost remains high at $25–$30 per barrel, partly due to increased security spending.
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