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

    Lady, three others nabbed over kidnap, robbery in Anambra community

      Delight Chinedum Police in Anambra state have arrested four persons, including a woman during a...

    Red Cross urges support for climate-related disasters, mass displacement, others in Anambra.

      Delight Chinedum Nigerian Red Cross Society (NRCS) had called for partnerships to address emerging humanitarian...

    2025 Guber: Why I want to be next Anambra gov – Lawmaker

      Delight Chinedum As the Anambra State Governorship election draws near, a lawmaker, Hon Barrister Jude...

    Anti-corruption Strategy depends on you – RoLAC tells Perm Secs, others

      Delight Chinedum Permanent Secretaries and other accounting officers across government agencies in Anambra State have...

    More like this

    Lady, three others nabbed over kidnap, robbery in Anambra community

      Delight Chinedum Police in Anambra state have arrested four persons, including a woman during a...

    Red Cross urges support for climate-related disasters, mass displacement, others in Anambra.

      Delight Chinedum Nigerian Red Cross Society (NRCS) had called for partnerships to address emerging humanitarian...

    2025 Guber: Why I want to be next Anambra gov – Lawmaker

      Delight Chinedum As the Anambra State Governorship election draws near, a lawmaker, Hon Barrister Jude...