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

    NSCDC Arrests Three Illegal Miners in Kwara

    The Kwara State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has...

    Price Of Cooking Gas Skyrockets In Enugu

    The cost of cooking gas, also known as Liquefied Petroleum Gas (LPG), has drastically...

    NYSC Boosts Community Health with Medical Outreach in Lagos

    The National Youth Service Corps (NYSC) on Wednesday provided free healthcare services to a...

    FCT Residents, Traders Lament Rising Cost of Tomatoes, Pepper

    Some traders and residents of the Federal Capital Territory (FCT) have expressed concern over...

    More like this

    NSCDC Arrests Three Illegal Miners in Kwara

    The Kwara State Command of the Nigeria Security and Civil Defence Corps (NSCDC) has...

    Price Of Cooking Gas Skyrockets In Enugu

    The cost of cooking gas, also known as Liquefied Petroleum Gas (LPG), has drastically...

    NYSC Boosts Community Health with Medical Outreach in Lagos

    The National Youth Service Corps (NYSC) on Wednesday provided free healthcare services to a...