Tag: Warri refinery
-

Warri, Port Harcourt Refineries Cut Off Crude-Backed Loans in NNPC Shake-Up
By Opeyemi Adelakun The Nigerian National Petroleum Company Limited (NNPC) has ended the use of crude oil-backed loans to finance the Port Harcourt and Warri refineries, marking a significant shift in its strategy to reposition the country’s state-owned refining assets. Under the new policy, the refineries will be expected to operate as commercially viable businesses…