- According to NNPCL, the company has achieved tremendous success and breakthrough under the leadership of the Group CEO, Mele Kyari
The Nigerian National Petroleum Company Limited, NNPCL, has underscored the importance of the resuscitation and restart of the 60,000 barrels per day Port Harcourt refinery.
The company said the restart will fast track Nigeria’s attainment of energy security.
NNPCL stated that it has achieved tremendous success and breakthrough under the leadership of the Group CEO, Mele Kyari.
The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, stated this on Monday in Abuja at the company’s energy relations stakeholders engagement.
He noted that kyari has reshaped and redefined the trajectory of Nigeria’s oil and gas sector.
“The restart of the Port Harcourt Refinery marks a significant turning point in Nigeria’s quest for energy self-sufficiency, reaffirming the company’s commitment to revitalizing the nation’s refining capacity.
“NNPC has also championed the adoption of Compressed Natural Gas, CNG, as an alternative energy source, offering Nigerians a cleaner and more cost-effective solution amidst rising global energy costs,” he said.
According to him, the strategic decision to secure a $1 billion loan backed by NNPCL’s crude was instrumental in supporting the Dangote Refinery during liquidity challenges, paving the way for the establishment of Nigeria’s first private refinery.
He further stated that the initiative underscores NNPCL’s dedication to fostering public-private partnerships that drive national development.
“In a historic achievement, NNPCL, under Kyari’s leadership, declared profit for the first time in decades, marking a significant financial turnaround. The company has already exceeded its profit projections for 2024, a testament to the transformative reforms he has implemented.
“Additionally, Kyari facilitated the $3 billion Gazelle loan, a critical intervention that helped stabilize the federation during a challenging foreign exchange crisis,” he added
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