Connect with us

Hi, what are you looking for?


NNPC Set to Collaborate with Dangote Refinery

Damilola Adeyemo

ABUJA – Reports say the Nigeria National Petroleum Corporation (NNPC) has revealed that it has initiated talks with the Dangote Group about purchasing a 20 percent minority equity stake in its 650,000 barrels per day (BPD) refinery.

The Dangote Refinery, currently under construction in the Lekki Free Zone, Lagos, is expected to be Africa’s biggest oil refinery and the world’s biggest single-train facility, upon completion, this was disclosed by Mustapha Yakubu, NNPC chief operating officer, refining and petrochemicals ,as reported by THIS DAY.

In his words, he said: “We have what we call the green field refinery and the Greenfield Refining Projects Division (GRPD) of the NNPC. What we do, our strategy is to collaborate and seek strategic partnerships with private investors.

This news content remains the copyright of TECHNOCRAT MEDIA, to republish, please seek the consent of our News Editor via

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *


Like Our Facebook Page

You May Also Like


The ad-hoc committee on fuel consumption of the house of representatives says it has begun the assessment to determine the daily volume of petroleum...

Oil Sector

The lower chamber of the National Assembly says more than $10 billion worth of the nation’s crude has been allegedly stolen in fraudulent fuel...


Technocrat Media Petrol queues have resurfaced in Lagos as motorists have started encountering difficulties in buying the product on Monday morning, Technocrat Media gathered....


It is no news that fuel queues have refused to disappear in the federal capital territory (FCT) making the petrol black market flourish as...


The National Economic Council (NEC) has said it has not taken a decision on the issues of petrol subsidy removal as planned by the...

Oil Sector

The federal government has hinted at the plan to dissolve the Nigerian National Petroleum Corporation (NNPC) within the next six months as specified by...