Nigeria’s state oil company, the Nigerian National Petroleum Corporation (NNPC), could allow private investors to install two refineries on two of its sites, it said on Tuesday.
NNPC said in a statement it was considering plans to establish a 100,000 barrel per day brownfield refinery at its Port Harcourt and Warri sites in collaboration with private sector investors. The company said its strategy was “aimed at getting private sector investors to bring in brownfield refineries so that they can share facilities”.
NNPC said investors had already begun relocating a refinery from Turkey to Nigeria to be installed near the state oil company’s Port Harcourt refinery. It did not name any companies or provide a timeline. A spokesman for the NNPC did not immediately respond to a phone call, text message and email.