Tag "NNPC Refineries"

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How Moribund Refineries Expose NNPC’s Financial Recklessness

Charles Ebi Despite official claims that Nigeria’s refurbished refineries were making profits and helping to combat fuel scarcity, AljazirahNigeria has learned that the Warri refinery in Delta State remains a drainpipe, a symbol of the rot in Nigeria’s opaque and

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NNPC’s Refineries Record N137.5 Billion Losses

By Cyril Ogar The three refineries operated by the Nigerian National Petroleum Corporation, NNPC, in Warri, Port Harcourt, and Kaduna, made a profit only once in the last 13 months and recorded a consolidated trading loss amounting to N137.489 billion,

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