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NNPC GCEO Says Reopening Port Harcourt Refinery Was a Waste of Resources

February 5, 2026

The Group Chief Executive Officer of NNPC Limited, Engr. Bayo Ojulari has described the reopening of the Port Harcourt Refinery and Petrochemical Company as a waste of resources, citing the national oil company’s inability to operate refineries profitably, leading to the decision to shut it down to prevent further financial drain.

Written by Adeyemi Adewale

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