Continental Focus, International Reach

NNPC Seeks Refining Alliance with Chevron

Monday, July 29, 2019

Nigeria’s state-run Nigerian National Petroleum Corporation (NNPC) has called for an alliance with Chevron Nigeria Limited (CNL), to establish a condensate splinter refinery as part of the government’s drive to grow local refining capacity. Group Managing Director (GMD) of the NNPC, Mele Kyari, made the appeal on July 25 while CNL chief, Jeff Ewing, was visiting Kyari at NNPC Towers in Abuja.

A statement by Group Public Affairs Division, Ndu Ughamadu, quoted the GMD as saying that setting up refineries to end the embarrassment of Africa’s largest crude producer having to import its fuel was not just a responsibility for NNPC alone, but also for its JV partners.

Kyari also urged CNL to work closely with NNPC to evolve modalities for a downward review of the cost structure of crude oil production in Nigeria in order to boost profit and revenue for the country.

“We hold CNL, in a very high esteem for her efficiency and cost optimization. We look more up to the company to increase production and reserve, reduce cost and increase local refining capacity,” Kyari said.