Wednesday, July 30, 2025
  • About Us
  • Advertisement
  • Privacy Policy
The Daily Crucible
  • Home
  • News
  • Business
    Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

    Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

    We’re Working to Ensure Food Security – Abiodun

    We’re Working to Ensure Food Security – Abiodun

    First Bank, Oba Otudeko End Court Battle As Bank Drops N12.3bn Fraud Case

    First Bank, Oba Otudeko End Court Battle As Bank Drops N12.3bn Fraud Case

    Export, Import: Single Window Project To Begin 1st Quarter 2026 – FG

    Export, Import: Single Window Project To Begin 1st Quarter 2026 – FG

    Lafarge Africa’s Revenue Leaps As Profit After Tax Hits N84.03bn

    Lafarge Africa’s Revenue Leaps As Profit After Tax Hits N84.03bn

    After Rebasing, Nominal GDP Hits $243bn In 2024 – NBS 

    After Rebasing, Nominal GDP Hits $243bn In 2024 – NBS 

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘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

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Tinubu Hails Super Falcons For WAFCON Victory 

    Tinubu Hails Super Falcons For WAFCON Victory 

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Trending Tags

    • Champions League
    • Explore Bali
    • Harbolnas
    • United Stated
    • Market Stories
    • Litecoin
No Result
View All Result
The Daily Crucible
  • Home
  • News
  • Business
    Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

    Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

    We’re Working to Ensure Food Security – Abiodun

    We’re Working to Ensure Food Security – Abiodun

    First Bank, Oba Otudeko End Court Battle As Bank Drops N12.3bn Fraud Case

    First Bank, Oba Otudeko End Court Battle As Bank Drops N12.3bn Fraud Case

    Export, Import: Single Window Project To Begin 1st Quarter 2026 – FG

    Export, Import: Single Window Project To Begin 1st Quarter 2026 – FG

    Lafarge Africa’s Revenue Leaps As Profit After Tax Hits N84.03bn

    Lafarge Africa’s Revenue Leaps As Profit After Tax Hits N84.03bn

    After Rebasing, Nominal GDP Hits $243bn In 2024 – NBS 

    After Rebasing, Nominal GDP Hits $243bn In 2024 – NBS 

    Trending Tags

    • Market Stories
    • Bitcoin
    • Litecoin
    • Harbolnas
    • United Stated
    • Property
  • Politics
  • Education
  • Lifestyle
    ‘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

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Surveyor Haleemat Oluwatoyin Yusuf’s Day Of Double Celebration 

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    Giant Of African Literature Ngũgĩ wa Thiong’o Departs At 87

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    If Akeredolu Had Listened To Me, I Wouldn’t Be a Widow, Laments Ex – Governor’s Wife, Betty

    Trending Tags

    • Bitcoin
    • Champions League
    • Explore Bali
    • Golden Globes 2018
    • Grammy Awards
    • Harbolnas
  • Entertainment
    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Ireke: Rise of the Maroons’ Set for Debut July 25

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    ‘Steeze,’ Glamour As Ijebu Celebrates Ojude Oba Cultural Carnival

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Tinubu, Gov Mbah Mourn Nonagenarian Highlife Music Icon Ejeagha

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    Drug Cartel Members Abdúct, Kíll 5 Musicians On Way To Concert Venue

    I’m Still Saving My Virginity – Actress Olayode

    I’m Still Saving My Virginity – Actress Olayode

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    My Ultimate Vision Is To Elevate African Sounds On the Global Stage – Ebonny Musik

    Trending Tags

    • Golden Globes 2018
    • Grammy Awards
    • Explore Bali
    • Champions League
    • Harbolnas
  • Sports
    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Nigeria Wins 10th WAFCON Title In Stunning Comeback Against Morocco

    Tinubu Hails Super Falcons For WAFCON Victory 

    Tinubu Hails Super Falcons For WAFCON Victory 

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    Family, Friends Mourn As World Wrestling Champion, Hulk Hogan Dies At 71

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    NSF Tragedy: Abiodun Mourns, Sends Delegation To Kano, Supports Victims’ Families With N31m

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    Gateway Games: Protesting Ogun Athletes Lift Siege At Games Village

    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

Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

Tinubu Rewards 200 NYSC Honourees With Automatic Jobs, N250,000 Cash, Scholarships

Elephant Gores Farmer In Ogun

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.

 

ADVERTISEMENT

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 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 her citizens. We shall vigorously pursue this vision and anchor it on tripod of truth, justice and fairness. We shall feed the general 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. And our loyalty shall be to Nigeria and public interest, and shall respect ethnic, religious and political diversity without being partisan and sectional.

Related Posts

Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August
Business

Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

by The Daily Crucible
July 30, 2025
Tinubu Rewards 200 NYSC Honourees With Automatic Jobs, N250,000 Cash, Scholarships
Education

Tinubu Rewards 200 NYSC Honourees With Automatic Jobs, N250,000 Cash, Scholarships

by The Daily Crucible
July 30, 2025
Elephant Gores Farmer In Ogun
News

Elephant Gores Farmer In Ogun

by The Daily Crucible
July 29, 2025
Peter Obi Decries Nigeria’s N187 Trillion Debt, Fears It May Hit N200trn Soon
News

Peter Obi Decries Nigeria’s N187 Trillion Debt, Fears It May Hit N200trn Soon

by The Daily Crucible
July 29, 2025
Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory
News

Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

by The Daily Crucible
July 30, 2025
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 *

Recommended

Realtor Adeyemo Joins 250,000 – Member Prayer Platform, Leads Abeokuta Unit

Realtor Adeyemo Joins 250,000 – Member Prayer Platform, Leads Abeokuta Unit

May 27, 2024
OOU Matriculates 7,000 New Students

OOU Matriculates 7,000 New Students

November 17, 2022

Categories

  • Business
  • Column
  • Education
  • Entertainment
  • Health
  • Interview
  • Lifestyle
  • Metro
  • News
  • Opinion
  • Politics
  • Property
  • Sports
  • World

Don't miss it

Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August
Business

Pelican Valley CEO To Explore Ontario, Winnipeg Business Horizons August

July 30, 2025
Tinubu Rewards 200 NYSC Honourees With Automatic Jobs, N250,000 Cash, Scholarships
Education

Tinubu Rewards 200 NYSC Honourees With Automatic Jobs, N250,000 Cash, Scholarships

July 30, 2025
Elephant Gores Farmer In Ogun
News

Elephant Gores Farmer In Ogun

July 29, 2025
Peter Obi Decries Nigeria’s N187 Trillion Debt, Fears It May Hit N200trn Soon
News

Peter Obi Decries Nigeria’s N187 Trillion Debt, Fears It May Hit N200trn Soon

July 29, 2025
Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory
News

Tinubu Splashes Cash On Triumphant Super Falcons Over WAFCON Victory

July 30, 2025
Nigerian Doctors In Diaspora, Stop Waiting For Retirement To Make Impact Back Home
Column

Nigerian Doctors In Diaspora, Stop Waiting For Retirement To Make Impact Back Home

July 29, 2025
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.