NNPC Signs MoU with Chinese Firms for 2 Refineries

The Nigerian National Petroleum Company Limited signed a Memorandum of Understanding on April 30, 2026, in Jiaxing City, China, with Sanjiang Chemical Company Limited and Xingcheng Fuzhou Industrial Park Operation and Management Co. Ltd to pursue a potential Technical Equity Partnership for completing and operating the Port Harcourt and Warri refineries.

The agreement, announced in a statement Monday by NNPC Chief Corporate Communications Officer Andy Odeh, involves NNPC Group Chief Executive Officer Engr. Bashir Bayo Ojulari, Sanjiang Chairman Guan Jianzhong, and Xingcheng Chairman Bill Bi. It aims to finish outstanding rehabilitation work, ensure efficient operations and maintenance, and explore expansions including petrochemical production and gas-based industrial hubs at the sites.

Ojulari described the MoU as a significant milestone after more than six months of technical and management engagements. "All parties recognise mutually beneficial opportunities for the development and long-term sustainable profitability of NNPC's refining assets in Nigeria, and the collective weight required for success," he said. He added that it represents "an important step in the journey...