BREAKING NEWS: How NNPC signs China MoU to restart, expand Port Harcourt, Warri refineries

The Nigerian National Petroleum Company Limited has signed a fresh agreement with two Chinese firms in a move aimed at accelerating the long-delayed rehabilitation and commercial restart of Nigeria’s refineries, while opening a new window for technical equity partnerships.

The deal, structured as a Memorandum of Understanding, was signed with Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, marking what the national oil company described as a “critical milestone” in its refinery transformation drive.

The agreement was executed in Jiaxing City, China, on April 30, 2026, by the Group Chief Executive Officer of NNPC Ltd, Bashir Bayo Ojulari, alongside the Chairman of Sanjiang Chemical Company, Guan Jianzhong, and Chairman of Xingcheng Industrial Park, Bill Bi...Read The Complete; Full Original Here.>>>