Nigeria: Why We Are Acquiring Stakes in Dangote, Five Private Refineries - NNPC

31 May 2021

The Nigerian National Petroleum Corporation (NNPC) Monday revealed that it was currently considering equity participation in a number of private refineries in the country in line with extant federal government policy directive.

The NNPC stated that the policy stipulates the mandatory participation of the corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping with its statutory role of safeguarding national energy security.

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