NNPC Indicates Interest In Stakes Acquisition In 6 Private Refineries

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 3,722 total views,  2 views today The Nigerian National Petroleum Corporation (NNPC) has expressed its consideration of equity participation in six private refineries in the country. The NNPC this disclosure in a statement by its Group General Manager, Group Public Affairs Division, Kennie Obateru, on Monday. The corporation said the move was in line with the federal government’s policy directive, which stipulates the mandatory participation of the corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity. The directive enables the corporation to uphold its statutory role of safeguarding national…

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