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

    Bishop Elect ,Mercy Opoga Consecrated, Enthroned As A Bishop

      By Onoriode Etatsemi / Delta State A Bishop Elect, Mrs Mercy Etchie Opoga of Dominion...

    Tinubu Re-election Bid: Ebonyi Holds Grand Endorsement Rally Monday

      Chinedu Nwafor,Abakaliki The government of Ebonyi State and the rruling All Progressives Congress (APC) in...

    Foundation donates furnished 4-bedroom bungalow to widow in Kogi community

      Olu Samuel There was jubilation and emotional celebration in Obehira-Uvete, Okene Local Government Area of...

    Governor Mutfwang grants pardon to four  prisoners 

      From Yakubu Wuyep, Jos  Following the recommendations by the Plateau State Advisory Council on the...

    More like this

    Bishop Elect ,Mercy Opoga Consecrated, Enthroned As A Bishop

      By Onoriode Etatsemi / Delta State A Bishop Elect, Mrs Mercy Etchie Opoga of Dominion...

    Tinubu Re-election Bid: Ebonyi Holds Grand Endorsement Rally Monday

      Chinedu Nwafor,Abakaliki The government of Ebonyi State and the rruling All Progressives Congress (APC) in...

    Foundation donates furnished 4-bedroom bungalow to widow in Kogi community

      Olu Samuel There was jubilation and emotional celebration in Obehira-Uvete, Okene Local Government Area of...