Digital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Facebook X (Twitter) Instagram
Trending
  • Empowering The Displaced: NITDA, NCFRMI Strengthen Alliance For Digital Inclusion
  • Nigeria’s Digital Future Gets Feminine Edge As NITDA Champions Women In AI
  • Nigeria Customs Warns Public Over Rising Online Scams Impersonating Officials
  • Nigeria Launches $11.2m Innovation Hub With Japanese Support To Drive Tech Growth
  • Access Holdings Reaffirms Financial Strength Amid CBN’s Regulatory Forbearance Directive
  • ALTON Clarifies New USSD Billing Policy, Confirms Direct Charges To Subscribers From June 18
  • Otti Receives Winners Of Civic Connect Hackathon, Directs Integration Of Youth Innovation Into Abia ICT Platform
  • Konga Health Sparks Nationwide Rush With 50% Discount On L’Oréal Products
Facebook X (Twitter) Instagram
Digital Times NigeriaDigital Times Nigeria
  • Home
  • Telecoms
    • Broadband
  • Business
    • Banking
    • Finance
  • Editorial
    • Opinion
    • Big Story
  • TechExtra
    • Fintech
    • Innovation
  • Interview
  • Media
    • Social
    • Broadcasting
Digital Times Nigeria
Home » I Did Not Direct NNPCL To Stop Running Its Own Refinery- Lokpobiri
OIL & GAS

I Did Not Direct NNPCL To Stop Running Its Own Refinery- Lokpobiri

He clarified that such reports are false and do not reflect his position or the Federal Government's stance.
DigitalTimesNGBy DigitalTimesNG10 October 2024No Comments2 Mins Read92 Views
Facebook Twitter Pinterest Telegram LinkedIn Tumblr WhatsApp Email
NNPCL
Sen. Heineken Lokpobiri, Minister of State for Petroleum Resources
Share
Facebook Twitter LinkedIn Pinterest Telegram Email WhatsApp

News Highlights:

  • Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, has refuted claims that he directed the Nigerian National Petroleum Company Limited (NNPCL) to stop running its refineries.
  • Lokpobiri emphasized that NNPCL operates independently under the Companies and Allied Matters Act (CAMA), with its own board and management.

Senator Heineken Lokpobiri, the Minister of State for Petroleum Resources, has responded to reports claiming he instructed the Nigerian National Petroleum Company Limited to cease operating its own refineries and instead concentrate solely on equity participation in other refineries.

He said this on Tuesday following reports from a statement by the Director of Upstream, Ministry of Petroleum, Engr. Kamoru Busari, who represented the Minister at a conference in Lagos.

Lokpobiri said in a statement: “My attention has been drawn to statements made by Engr. Kamoru Busari, Director of Upstream in the Ministry of Petroleum Resources, who represented me at a recent conference in Lagos.

“I wish to categorically state that the claim that I directed the Nigerian National Petroleum Company Limited (NNPCL) to stop running its own refineries and focus solely on equity participation in other refineries is false.

“This does not represent my position as Minister overseeing the oil sector, nor does it reflect the stance of the Federal Government.

“It is important to clarify that NNPCL is a company governed under the Companies and Allied Matters Act (CAMA), with a functional board and management.

“The Ministry of Petroleum Resources does not control or run NNPCL, as it operates independently like any corporate entity.

“The oil and gas sector is fully deregulated, and the Nigerian government remains committed to promoting in-country refining.

READ ALSO  Marketers Project Dangote Petrol To Cost N600 Per Litre

“We encourage companies, including NNPCL, to operate independently, following global best practices. While we provide strategic guidance, we do not interfere directly in the operations of these companies.

“I reaffirm our commitment to supporting the growth and independence of NNPCL, ensuring that its operations are in line with international standards for efficiency and transparency and profitability.”

#NNPCL #Petroleum Resources #Refinery
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
Previous ArticleGOCOP 2024: Online Publishers Urged To Drive Nigeria Towards Global Financial Inclusion
Next Article AfDB Names Nnenna Nwabufo VP For Regional Development, Integration And Business Delivery
DigitalTimesNG
  • X (Twitter)

Related Posts

NNPCL Welcomes New GCEO Ojulari, Appreciates Kyari’s Leadership

2 April 2025

Tinubu Sacks NNPCL CEO Kyari, Board, Names Ojulari As New CEO

2 April 2025

NNPC Announces Dangote Petrol Prices: N950/Litre In Lagos, N992/Litre In Abuja, N1,019/Litre In Borno

16 September 2024

NNPCL Denies Paying Fuel Subsidies

20 August 2024

FG Committee, Dangote Refinery Agree On Sept. Petrol Rollout

20 August 2024

Marketers Project Dangote Petrol To Cost N600 Per Litre

13 August 2024

Comments are closed.

Categories
About
About

Digital Times Nigeria (www.digitaltimesng.com) is an online technology publication of Digital Times Media Services.

Facebook X (Twitter) Instagram
Latest Posts

Empowering The Displaced: NITDA, NCFRMI Strengthen Alliance For Digital Inclusion

21 June 2025

Nigeria’s Digital Future Gets Feminine Edge As NITDA Champions Women In AI

21 June 2025

Nigeria Customs Warns Public Over Rising Online Scams Impersonating Officials

21 June 2025
Popular Posts

Building Explainable AI (XAI) Dashboards For Non-Technical Stakeholders

2 May 2022

Building Ethical AI Starts With People: How Gabriel Ayodele Is Engineering Trust Through Mentorship

8 January 2024

Gabriel Tosin Ayodele: Leading AI-Powered Innovation In Web3

8 November 2022
© 2025 Digital Times NG. Designed by Max Excellence LLC.
  • Advert Rate
  • Terms of Use
  • Advertisement
  • Private Policy
  • Contact Us

Type above and press Enter to search. Press Esc to cancel.