The Nigeria National Petroleum Company Limited (NNPC Ltd) management has extended invitation tour of the rehabilitated Old Port Harcourt Refinery and Warri Refinery to former President, Chief Olusegun Obasanjo.
This is even as NNPC declared that it has transitioned from the old corporation to “NNPC Limited, a private entity that has transitioned from being a loss-making organization to becoming a profit-oriented global energy leader.”
NNPC declared this in a statement by the Chief Corporate Communications Officer, Olufemi Soneye, in response to Chief Obasanjo’s scepticism about the transformation of the NNPC and and rehabilitation and operations of the old Port Harcourt and Warri Refineries.
According to Soneye, “A notable achievement of NNPC Limited is the complete rehabilitation of the Port Harcourt Refining Company (PhRC) and Warri Refinery. This is not the typical Turnaround Maintenance (TAM) of the past but a comprehensive overhaul designed to meet world-class standards.
“Similar efforts are underway at the old Port Harcourt Refinery and Kaduna Refinery, ensuring these facilities are enhanced and maintained to global standards for sustainable operation.
“This progress has been driven by the visionary leadership of the NNPC Limited board and the management team led by GCEO Mele Kyari, alongside President Bola Ahmed Tinubu’s transformative policies in the energy sector. Together, they have achieved unprecedented milestones, setting NNPC Limited on a path to redefine energy security for Nigeria while positioning the company as a leader on the global energy stage.
“We extend an invitation to our esteemed former president to join us in this historic journey. His wisdom and experience are invaluable, and we deeply appreciate his insights and guidance, which will always be welcomed and cherished.
“Additionally, we warmly invite President Obasanjo to tour the rehabilitated refineries and witness firsthand the progress made under the leadership of NNPC Limited.
“We hold President Olusegun Obasanjo in the highest regard as a respected statesman who has made significant contributions to the growth and progress of Nigeria. His dedication to national development and his right to speak on matters of national importance are both deeply respected.
“In response to his recent comments, we would like to respectfully highlight the remarkable transformation of the NNPC. Today, NNPC has evolved into NNPC Limited, a private entity that has transitioned from being a loss-making organization to becoming a profit-oriented global energy leader.
“Under this new model, NNPC Limited has expanded beyond oil and gas to become an integrated energy company. Our focus is not only on harnessing traditional resources but also on developing cleaner, cheaper, and sustainable energy solutions to meet Nigeria’s growing demands.
“We remain grateful for his enduring contributions to Nigeria’s development and are committed to building a brighter, more prosperous future for our nation. Together, we can continue to ensure energy security and deliver sustainable value to all Nigerians.”
Former President Obasanjo had alleged that the then Nigerian National Petroleum Corporation (NNPC) blocked Aliko Dangote, Africa’s richest man’s $750 million offer for local refineries.
Obasanjo made this revelation during an exclusive interview with Channels Television, alleging that although the NNPC was aware of its inability to effectively manage the national refineries, it still rejected a $750 million offer from Aliko Dangote to manage the Port Harcourt, Warri and Kaduna refineries in 2007, during his administration.
According to Obasanjo, “Aliko got a team together and they paid $750m to take part in public–private partnership (PPP) in running the refineries. My successor refunded their money and I went to my successor and told him what transpired. He said NNPC said they wanted the refinery and they could run it and I said but you know they cannot run it. “
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