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Nigeria National Petroleum Company (NNPC) Limited has involved Honeywell UOP, multinational based in the United States, to assess the operational state of the Port Harcourt refinery in preparation for potential investment.
In a statement issued on Sunday by his national publicity secretary, Joseph Obele, Association of Petroleum Nigeria Retail Entrepreneurs (Petroan), illustrates the involvement of international companies as a strategic step towards reviving the facility.
Honeywell UOP, previously known as UOP LLC, is a global leader in the purification of technology, petrochemical production, and gas processing solutions.
The association praised the NNPC group’s Chief Executive Officer, Bayo Ojulari, for giving a contract.
Also read: Although output increases, 82% of Nigerian crude oil is exported in Q1 2025 – NUPRC
This notes that the evaluation will provide accurate potential data investors to guide decision making. Further supporting the company’s plan to rehabilitate the refinery through the technical and equity partnership model (T&E), while calling for transparent and accelerated processes that are free from political interference.
National President Petroan, Billy Gillis-Harry, observed that the T&E model, which was already operating in the Nigerian Liquefied Natural Gas (NLNG) factory in Bonny, would return efficiency to the refinery. He said the move would help stabilize the price of petroleum products, reduce the risk of monopoly in the downstream sector, and ultimately benefit stakeholders, the host community, and consumers.
The group also praised the commitment of the Tinubu Bola President for infrastructure development, quoting an ongoing rehabilitation from Eleme Expressway, an important route for the distribution of petroleum from Port Harcourt Refinery. Petroan stated optimism that reforms would not only strengthen the nation’s purification capacity but also increase energy security and stimulate local economic growth.
