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

    Chelsea, Lyon, and Real Madrid Secure Women’s Champions League Quarter-Final Spots

    Chelsea, Lyon, and Real Madrid have all reached the quarter-finals of the 2024 Women's...

    NNPCL Responds to Dangote Refinery’s Suit, Calls It Incompetent

    The Nigeria National Petroleum Corporation Limited (NNPCL) has filed a preliminary objection in response...

    Davido Excited as He Celebrates 32nd Birthday with ₦300m Donation

    Nigerian music superstar, David Adeleke, popularly known as Davido, marked his 32nd birthday on...

    Invest in Agriculture, Obi Urges FG

    Former Governor of Anambra State and 2023 Labour Party presidential candidate, Peter Obi, has...

    More like this

    Chelsea, Lyon, and Real Madrid Secure Women’s Champions League Quarter-Final Spots

    Chelsea, Lyon, and Real Madrid have all reached the quarter-finals of the 2024 Women's...

    NNPCL Responds to Dangote Refinery’s Suit, Calls It Incompetent

    The Nigeria National Petroleum Corporation Limited (NNPCL) has filed a preliminary objection in response...

    Davido Excited as He Celebrates 32nd Birthday with ₦300m Donation

    Nigerian music superstar, David Adeleke, popularly known as Davido, marked his 32nd birthday on...