The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has advised the Nigerian National Petroleum Company Limited (NNPCL) to discontinue the operation of the Port Harcourt, Kaduna, and Warri refineries.

This announcement came as Lokpobiri urged the NNPCL to acquire a larger equity stake in Dangote Refinery.

Lokpobiri disclosed this on Tuesday at the ongoing Crude Oil Refinery-Owners Association of Nigeria Summit in Lagos.


Represented by Dangana Tende, Deputy Director of Upstream at the Ministry of Petroleum Resources, Lokpobiri declared that the government would ensure that deregulation is implemented 100 percent.

“We urge the state oil company to take equity in the other upcoming refineries rather than running refineries. We would ensure that downstream deregulation is 100 percent,” he said.

This development comes as Nigeria’s four refineries, with a cumulative capacity of 445,000 barrels of crude oil daily, have remained moribund for the last 24 years despite huge investments in turnaround maintenance.

The NNPCL had announced several deadlines to kick off petroleum products production at the Port Harcourt Refinery, but none has materialized.

Meanwhile, Dangote has announced that NNPCL has only a 7.2 percent stake in the Dangote refinery.

Dangote Refinery began Premium Motor Spirit (petrol) distribution on September 15, 2024, with NNPCL as the sole off-taker

Source: https://dailypost.ng/2024/10/08/dump-port-harcourt-refinery-for-dangote-oil-firm-minister-lokpobiri-tells-nnpcl/

Just imagine the advice coming from a so-called minister. Nobody takes responsibility in public service because nobody truly cares about this country. If this man had spent his personal money fixing the PH refinery, would he dump it?

Ok

Nothing can work right in Nigeria if people like Tinubu are in power. Nigeria is a business enterprise set up by the British elites to extend and expand territorial domination. It will fail, it will fall unless wicked evil men like Tinubu are uprooted from our lives.

After spending billions of dollars and giving Nigerians false hope on these scrap yards called refineries, you now want to NNPC to focus on dangote refinery.

After relinquishing bulk of NNPC initial shares in the refinery, you want to reinvest now that the refinery is up and running?

What a whole country can not achieve in donkey years, a private individual has been able to achieve and this so called Minister is not ashame.

Out of hundreds of countries. How I ended up in this joke of a country is still mind boggling.

I no blame Dangote, na the guy fit the thieving Tinubu and his criminal cabal gang.

Dangote hold all of them for blockos

Monopoly loading

Lokpobiri Is the one speaking but the words are the words of dangote

A minister for that matter that should be on the side of nation fighting for the interests of one man just tell us Dangote as bought u over


Monopoly will never be in the interest of Nigerian and we know Dangote loves monopoly

This man is a complete wasted sperm
His father should have used condom to save us from this useless self centered Ikpu

This makes some sense, at least the stake in Dangote refinery will still earn Government some income

Mr Minister, does it mean $1.5bn for the TAM is gone down the drain?

IT IS FINALLY FINISHED

They should dump a non profitable venture that will benefit the citizens for a profitable one??

Okay....

They can't do that. That will be a closure of their looting channel

Eno go better for you!!!!
Thunder fire you and your team

Denial loading

Cursed leaders

Nigeria is the true definition of scam

Nigerians will be shocked when they see how much NNPC will save by shutting down those white elephant refineries.

The only thing left is to get Dangote to build a new refinery for NNPC and we will be all set.

Sell those scraps you have spent billions repainting to Iron condemn so that you stop telling us about commencement dates of the refineries that has turned to scam

No news I hate more than dangote refinery news.


Yuck. Spit.

The minister should just announce the new owner of the refinery.
In saner climes some persons would go to jail for the prolonged failure of our refineries

How

Mr Minister...so, where is our millions of dollars you have used in turnaround maintenance

Useless people .

They have been lying to Nigerians since July that the refinery will commence operations. Now they have changed the story to another. Very useless animals in power.

Where are the billions they have been pumping into that dead refinery? These fools are really taking Nigerians for a ride

the Idiot could have advised privatizing the three refineries in order to make them be efficiently runned but iro ,see his mumu thinking and you' now wonder why we have badly runned institutions.



he want NNPLC to carry the curse on it it jam The new refinery.

Some of these idiots running the country should be given 1million lashes

Realdeals:
Mr Minister, does it mean $1.5bn for the TAM is gone down the drain?

TAM has been going on for 15 years. More than $1.5bn down the drain

Realdeals:
Mr Minister, does it mean $1.5bn for the TAM is gone down the drain?

before nko?

SmartPolician:

Source: https://dailypost.ng/2024/10/08/dump-port-harcourt-refinery-for-dangote-oil-firm-minister-lokpobiri-tells-nnpcl/

They wants to monopolise the whole thing again, just as they did with cement. Why abandon warri/pH refinery after spending that much on it... Is the pH refinery not the one you promised us will be functioning by November??

Cashout for Mele Kyari and Co. So they won't want to be see that happening

what about tinubu's promise that PH refinery will commence operation in december 2023?

this man must be an ipob