NNPC targets refinery revival with financing, EPC, and operations focus
NNPC Ltd CEO Bayo Ojulari outlined three critical elements for Nigeria's refinery revival: financing, a competent EPC contractor, and world-class operational capacity. Speaking at the Nigeria International Energy Summit, Ojulari emphasized the shift from historical financing and EPC delivery focus to sustainable operational models. The corporation is negotiating with refining partners to build self-financing, profitable solutions. Gains in reducing crude oil theft are attributed to improved collaboration with upstream operators and government security interventions in the Niger Delta, including AI-enabled surveillance and CSR initiatives.