Sunday, May 3, 2026
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
Advertisement
  • Home
  • News
  • Business
    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

    Dangote Refinery Raises Petrol Price To N1,175, Diesel Now N1,620

    Dangote Refinery Raises Petrol Price To N1,175, Diesel Now N1,620

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    Why I’m Married To SFG Akume – Zaynab

    Why I’m Married To SFG Akume – Zaynab

    How I Broke Free From Man Who Held Me Captive All My Years In My Dream — Tonto Dikeh

    How I Broke Free From Man Who Held Me Captive All My Years In My Dream — Tonto Dikeh

    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Nollywood Mourns as ‘Ms Koi Koi’ Star, Oby Kechere Dies

    Nollywood Mourns as ‘Ms Koi Koi’ Star, Oby Kechere Dies

    Eniola Sisi Alagbo Apologises Over Viral Threesome Video

    Eniola Sisi Alagbo Apologises Over Viral Threesome Video

    Veteran Actor Solomon Akiyesi Dies in His Sleep

    Veteran Actor Solomon Akiyesi Dies in His Sleep

    Rosy Meurer Breaks Silence as Rumours of Marital Crisis Swirl

    Rosy Meurer Breaks Silence as Rumours of Marital Crisis Swirl

    Toyin Abraham Begs Fans to Stand Down as Abike Shugaa Feud Reaches Boiling Point

    Toyin Abraham Begs Fans to Stand Down as Abike Shugaa Feud Reaches Boiling Point

    Laide Bakare Opens Up on Third Marriage Plans, Calls It Her “First Official Union”

    Laide Bakare Opens Up on Third Marriage Plans, Calls It Her “First Official Union”

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Mercedes-Benz Drags Osimhen to Police Over €90,000 Car Dispute

    Mercedes-Benz Drags Osimhen to Police Over €90,000 Car Dispute

    Ex – Super Eagles Striker Eneramo Collapses, Dies During Match In Kaduna

    Ex – Super Eagles Striker Eneramo Collapses, Dies During Match In Kaduna

    “Earn It on the Pitch” — Italy Rejects Talk of Replacing Iran at World Cup

    “Earn It on the Pitch” — Italy Rejects Talk of Replacing Iran at World Cup

    Family Suspends Funeral of Speaker Abbas’ Late Deputy Chief of Staff Over Rising Tensions in Hometown

    Family Suspends Funeral of Speaker Abbas’ Late Deputy Chief of Staff Over Rising Tensions in Hometown

    Chelsea Axes Rosenior After Goal Drought Nightmare

    Chelsea Axes Rosenior After Goal Drought Nightmare

    Boxing: Lawrence Okolie Fails Doping Test Days Before Tony Yoka Showdown

    Boxing: Lawrence Okolie Fails Doping Test Days Before Tony Yoka Showdown

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    FAAC Windfall: FG, States, LGs Share N2.04tn for March, Record N150bn Revenue Increase

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Court Dismisses UBA’s Suit, Rules Banks Answerable To FCCPC

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    Pelican Valley Estates Surge In Value As Tinubu Unveils Ogun Gateway Int’l Airport, Airline

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    UK Property Goldmine Book Launch Sets a New Benchmark for Cross Border Nigerian – UK Investment Dialogue

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

    ‘My Brand Will Stand,’ Classic Kitchen Boss Declares amid Sabotage Attempts 

    Dangote Refinery Raises Petrol Price To N1,175, Diesel Now N1,620

    Dangote Refinery Raises Petrol Price To N1,175, Diesel Now N1,620

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    Why I’m Married To SFG Akume – Zaynab

    Why I’m Married To SFG Akume – Zaynab

    How I Broke Free From Man Who Held Me Captive All My Years In My Dream — Tonto Dikeh

    How I Broke Free From Man Who Held Me Captive All My Years In My Dream — Tonto Dikeh

    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    ‘My Marriage Is Over, It’s Like Death’ – Pastor Tolu Odukoya

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    Celebrity Chef Hilda Baci Eyes Another Feat, Begins Cooking In World Largest Jollof Pot

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    ‘Meeting President Tinubu and Prime Minister Pierre Is a Very Inspiring Moment For Me’ – Nigerian Medical Student In Saint Lucia 

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Amosun’s Wife, Other Descendants of Ogunbona Agboketoyinbo Mark 164th Memorial of their Revered Egba Warlord

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    Nollywood Mourns as ‘Ms Koi Koi’ Star, Oby Kechere Dies

    Nollywood Mourns as ‘Ms Koi Koi’ Star, Oby Kechere Dies

    Eniola Sisi Alagbo Apologises Over Viral Threesome Video

    Eniola Sisi Alagbo Apologises Over Viral Threesome Video

    Veteran Actor Solomon Akiyesi Dies in His Sleep

    Veteran Actor Solomon Akiyesi Dies in His Sleep

    Rosy Meurer Breaks Silence as Rumours of Marital Crisis Swirl

    Rosy Meurer Breaks Silence as Rumours of Marital Crisis Swirl

    Toyin Abraham Begs Fans to Stand Down as Abike Shugaa Feud Reaches Boiling Point

    Toyin Abraham Begs Fans to Stand Down as Abike Shugaa Feud Reaches Boiling Point

    Laide Bakare Opens Up on Third Marriage Plans, Calls It Her “First Official Union”

    Laide Bakare Opens Up on Third Marriage Plans, Calls It Her “First Official Union”

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Mercedes-Benz Drags Osimhen to Police Over €90,000 Car Dispute

    Mercedes-Benz Drags Osimhen to Police Over €90,000 Car Dispute

    Ex – Super Eagles Striker Eneramo Collapses, Dies During Match In Kaduna

    Ex – Super Eagles Striker Eneramo Collapses, Dies During Match In Kaduna

    “Earn It on the Pitch” — Italy Rejects Talk of Replacing Iran at World Cup

    “Earn It on the Pitch” — Italy Rejects Talk of Replacing Iran at World Cup

    Family Suspends Funeral of Speaker Abbas’ Late Deputy Chief of Staff Over Rising Tensions in Hometown

    Family Suspends Funeral of Speaker Abbas’ Late Deputy Chief of Staff Over Rising Tensions in Hometown

    Chelsea Axes Rosenior After Goal Drought Nightmare

    Chelsea Axes Rosenior After Goal Drought Nightmare

    Boxing: Lawrence Okolie Fails Doping Test Days Before Tony Yoka Showdown

    Boxing: Lawrence Okolie Fails Doping Test Days Before Tony Yoka Showdown

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
No Result
View All Result
Home Business

NNPCL Invites Obasanjo For Tour Of Port Harcourt Refinery, Other

The Daily Crucible by The Daily Crucible
January 2, 2025
in Business, News, Politics
0
NNPCL Invites Obasanjo For Tour Of Port Harcourt Refinery, Other

By Jane Okafor, Abuja

 

You might also like

ADC Crisis: No Defection Yet, I’m Still Weighing Options – Kwankwaso

Army Justifies Arrest of “Justice Crack,” Alleges Blogger’s Bid to Stir Discontent Among Troops

Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle

ABUJA; The Nigerian National Petroleum Company Limited (NNPCL) has extended an invitation to former President Olusegun Obasanjo for a tour of the Port Harcourt Refinery to verify its operational status.

 

The Daily Crucible reports that the challenge followed the elder statesman’s interview with Channels Television, where he recently reiterated advice from Shell Petroleum Development Company (SPDC) to the effect that the refinery would not function effectively for a quartet of reasons.

 

Obasanjo had in the interview which was aired earlier today, Obasanjo touched the issues of the Port Harcourt, Warri, and Kaduna refineries during his presidency(between 1999 and2008) and recounted how he sought help from Shell to revive them but the oil firm giant refused.

 

He also recalled that when  Shell turned down the proposal, he approached the Africa’s richest man, Aliko Dangote, who assembled experts and paid $750 million to operate the refineries through a public-private partnership but that was equally frustrated.

 

Obasanjo even expressed skepticism about the refinery bouncing back to operations again and deployed a Yoruba proverb to allege that NNPCL was misleading Nigerians about the refinery’s functionality.

 

He said, “I asked Shell to come and run it for us and Shell said they wouldn’t I said, Please come and take equity they said no. I said okay, don’t take equity, come and run it, they said no.

 

“Later on, I called them. I called the boss of Shell to come and tell me what the problem was and he gave me four or five reasons. He said, first of all, they make a major profit from upstream, not from downstream. He said they run downstream just to keep their head above water.

 

“Two, our refineries were too small: 60,000 barrels 100,000 barrels and I think 120,000 barrels. He said that at that time, the average refinery was going for 250,000 barrels.

 

“Three, he said our refineries were not well maintained. Four, he said that there was too much corruption around the activities of our refinery and they would not want to get involved in that.

 

“Aliko got a team together and they paid $750m to take part in PPP (Public–Private Partnership) in running the refineries. My successor refunded their money and I went to my successor, I told him what transpired, he said NNPC said they wanted the refinery and they could run it and I said but you know they cannot run it.

 

“I was told not too long ago that since that time, more than two billion dollars have been squandered on the refinery and they still will not work.

 

“If a company like Shell tells me what they told me, I will believe them. If anybody tells you now that it is working, why are they now with Aliko? And Aliko will make his own refinery work; not only make it work, he will make it deliver.

“They say after he has harvested 100 heaps of Yam, he will also have 100 heaps of lies. You know what that means,” Obasanjo said.

 

However, countering the ex – president’s claims, the NNPCL’s Chief Corporate Communications Officer, Mr. Olufemi Soneye, respectfully invited Obasanjo to visit the facility, harping on the company’s commitment to transparency and accountability.

 

Not done, Soneye also invited the ex – President to join the NNPCL team in its avowed determination to guarantee the nation’s energy security.

 

“Furthermore, we extend an open invitation to President Obasanjo for a tour of the rehabilitated refineries to witness firsthand the progress made under the new NNPC Limited.

 

“We invite our esteemed former president to join us in this effort as we continue to deliver energy security for our nation and provide tangible benefits to Nigerians.

 

“His wisdom and experience are invaluable, and we assure him that his advice will always be welcomed and appreciated.

 

“As part of this transformation, NNPC Limited has gone beyond oil and gas to become an integrated energy company.

 

“One of our notable achievements is the complete rehabilitation of the Port Harcourt Refining Company (PhRC) and Warri Refinery.

“This process was not merely the Turnaround Maintenance (TAM) of the past but a full-scale overhaul designed to meet world-class standards. Similarly, we are currently conducting the same comprehensive rehabilitation of the old Port Harcourt Refinery and Kaduna Refinery.”

 

According to Soneye, NNPCL has evolved from being a government corporation to a private entity with limited liability, also having moved on from being a loss-making organization to profit -driven international energy firm.

The new NNPC Limited, he said, is committed not only to enhancing these refineries but also to maintaining them to global standards.

 

He said: “Regarding his recent comments, we would like to respectfully clarify the current state of the NNPC.

 

“The NNPC has undergone a transformative journey, evolving from a government corporation into a private entity—NNPC Limited.

 

“This transition has marked a significant shift from being a loss-making organization to a profit-oriented global energy company.

 

“We deeply respect and hold President Obasanjo in the highest regard as a distinguished statesman who has contributed significantly to the progress of our nation.

 

“He has every right to share his perspectives on national issues, and we value his insights and counsel.

 

“We remain grateful for his leadership and enduring commitment to the growth and development of Nigeria. Together, we can continue to build a brighter future for our great nation.”

 

Soneye, also said there was no need to react to a media report that NNPCL was to stop the supply of crude oil to Dangote Refinery, dismissing the report as falsehood.

 

“No need to respond to falsehood,” he said.

Previous Post

Governor Otu Lauds TETFUND For  Developing Education 

Next Post

We’re Closer To Achieving Independent Yoruba Nation — Igboho

The Daily Crucible

The Daily Crucible

The Daily Crucible Newspaper is an authoritative independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, progress and greatness, given the heterogeneity of her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the public with robust information they need to make informed decision on issues and matters that affect them, promote human - capital development, freedom and free market enterprise. Our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

ADC Crisis: No Defection Yet, I’m Still Weighing Options – Kwankwaso
News

ADC Crisis: No Defection Yet, I’m Still Weighing Options – Kwankwaso

by The Daily Crucible
May 3, 2026
Army Justifies Arrest of “Justice Crack,” Alleges Blogger’s Bid to Stir Discontent Among Troops
News

Army Justifies Arrest of “Justice Crack,” Alleges Blogger’s Bid to Stir Discontent Among Troops

by The Daily Crucible
May 2, 2026
Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle
News

Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle

by The Daily Crucible
May 2, 2026
“God Has Chosen Nigeria’s 2027 President,” Adeboye Declares
News

“God Has Chosen Nigeria’s 2027 President,” Adeboye Declares

by The Daily Crucible
May 2, 2026
Ogun Tertiary Institutions’ Scholars Back Tinubu, Yayi for 2027
News

Ogun Tertiary Institutions’ Scholars Back Tinubu, Yayi for 2027

by The Daily Crucible
May 2, 2026
Next Post
We’re Closer To Achieving Independent Yoruba Nation — Igboho

We're Closer To Achieving Independent Yoruba Nation — Igboho

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

No Result
View All Result

Advertisement

Advertisement

Recent News

Why South Africans Murder Nigerians In Cold Blood

Why South Africans Murder Nigerians In Cold Blood

May 3, 2026
ADC Crisis: No Defection Yet, I’m Still Weighing Options – Kwankwaso

ADC Crisis: No Defection Yet, I’m Still Weighing Options – Kwankwaso

May 3, 2026
Army Justifies Arrest of “Justice Crack,” Alleges Blogger’s Bid to Stir Discontent Among Troops

Army Justifies Arrest of “Justice Crack,” Alleges Blogger’s Bid to Stir Discontent Among Troops

May 2, 2026
Nollywood Mourns as ‘Ms Koi Koi’ Star, Oby Kechere Dies

Nollywood Mourns as ‘Ms Koi Koi’ Star, Oby Kechere Dies

May 2, 2026
Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle

Businesswoman Loses Luxury Ikoyi Mansion, Ordered to Refund N478m in Bitter Post-Divorce Battle

May 2, 2026
“God Has Chosen Nigeria’s 2027 President,” Adeboye Declares

“God Has Chosen Nigeria’s 2027 President,” Adeboye Declares

May 2, 2026
Ogun Tertiary Institutions’ Scholars Back Tinubu, Yayi for 2027

Ogun Tertiary Institutions’ Scholars Back Tinubu, Yayi for 2027

May 2, 2026
OGSIEC Concludes Stakeholders’ Meeting, Fixes June 6 For Iperu III Ward 5 Bye-Election

OGSIEC Concludes Stakeholders’ Meeting, Fixes June 6 For Iperu III Ward 5 Bye-Election

May 2, 2026
Ogun Assembly Aspirant, Akin Sorunke Backs Adebutu’s 2027 Governorship, Cites Integrity, Solid Roots 

Ogun Assembly Aspirant, Akin Sorunke Backs Adebutu’s 2027 Governorship, Cites Integrity, Solid Roots 

May 2, 2026
Atiku, Obi, Kwankwaso Are Tinubu’s Most Reliable Campaigners

Atiku, Obi, Kwankwaso Are Tinubu’s Most Reliable Campaigners

May 2, 2026
The Daily Crucible

The Daily Crucible Newspaper is an authoritative and independent online news medium established to deliver professional journalism for the purpose of fostering Nigeria's unity, peace, progress, and greatness, given the heterogeneity of its citizens.

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.

No Result
View All Result
  • Home
  • News
  • Politics
  • Property
  • Business
  • Education
  • Health
  • Entertainment
  • About Us

© 2022 The Daily Crucible - Designed by CYBERWARRIOR.