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

    CSO Backs Impeachment Bid Against Fubara Over Budget Snub, Legislative Disregard

    A civil society organisation, the National Vanguard for Democratic Coalition (NVDC), has thrown its...

    THE UNIVERSITY AS A CATALYST FOR SOCIETAL DEVELOPMENT (PART 4) 

      INTRODUCTION   Last week, we discussed the various educational theories in the context of universities and...

    THE UNIVERSITY AS A CATALYST FOR SOCIETAL DEVELOPMENT

      INTRODUCTION   The previous installment examined the history of universities and tertiary institutions worldwide, focusing on...

    Armed forces remembrance: Kogi PDP chairman salutes sacrifices made by fallen heroes, heroines

      Olu Samuel The Kogi State Chairman, Peoples Democratic Party, Hon. Muhammed Sanni Gambo, has joined...

    More like this

    CSO Backs Impeachment Bid Against Fubara Over Budget Snub, Legislative Disregard

    A civil society organisation, the National Vanguard for Democratic Coalition (NVDC), has thrown its...

    THE UNIVERSITY AS A CATALYST FOR SOCIETAL DEVELOPMENT (PART 4) 

      INTRODUCTION   Last week, we discussed the various educational theories in the context of universities and...

    THE UNIVERSITY AS A CATALYST FOR SOCIETAL DEVELOPMENT

      INTRODUCTION   The previous installment examined the history of universities and tertiary institutions worldwide, focusing on...