More
    HomeBusinessMinister Lokpobiri Denies Instructing NNPC to Halt Refinery Operations

    Minister Lokpobiri Denies Instructing NNPC to Halt Refinery Operations

    Published on

    By Aaior K. Comfort

    The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, has denied claims that he directed the Nigerian National Petroleum Company Limited (NNPCL) to cease operating its own refineries. This follows reports that the minister allegedly asked the NNPCL to focus solely on equity participation in other refineries.

    In a statement personally signed on Tuesday, Lokpobiri refuted the claims attributed to Engr. Kamoru Busari, Director of Upstream in the Ministry of Petroleum Resources, who had represented him at a recent conference in Lagos. The minister clarified that no such directive was given and that the claim does not reflect his position or that of the Federal Government.

    Lokpobiri emphasized that NNPCL, which operates under the Companies and Allied Matters Act (CAMA), is an independent entity with its own management and board, and is not directly controlled by the Ministry of Petroleum Resources. The Federal Government, he said, remains committed to promoting local refining and providing strategic guidance without interfering in the operational decisions of the NNPCL.

    “The oil and gas sector is fully deregulated, and we encourage all companies, including NNPCL, to follow global best practices while ensuring transparency and profitability,” Lokpobiri added.

    Latest articles

    Alleged $2.33m Money Laundering:  Court Grants Miyyeti Allah Leader Bodejo ₦2bn Bail

    Justice I.E Ekwo of the Federal High Court sitting in Maitama, Abuja, on Monday,...

    UNILORIN rejects 100% hostel fees hike, approves 30%

    ‎By Ahmed Akanbi ‎The University of Ilorin has rejected a proposal by private hostel operators...

    Terrorism: Troops, police neutralise ISWAP attack in Borno, rescue 46 students

    ‎By Teddy Nwanunobi ‎In what would have been a dent to the fight against terrorism, troops...

    ‎FG committed to boosting access to affordable locally-made medicines

    ‎By Nkechi Onyedika-Ugoeze ‎The Federal Government has expressed its commitment to building a pharmaceutical industry...

    More like this

    Alleged $2.33m Money Laundering:  Court Grants Miyyeti Allah Leader Bodejo ₦2bn Bail

    Justice I.E Ekwo of the Federal High Court sitting in Maitama, Abuja, on Monday,...

    UNILORIN rejects 100% hostel fees hike, approves 30%

    ‎By Ahmed Akanbi ‎The University of Ilorin has rejected a proposal by private hostel operators...

    Terrorism: Troops, police neutralise ISWAP attack in Borno, rescue 46 students

    ‎By Teddy Nwanunobi ‎In what would have been a dent to the fight against terrorism, troops...