The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has hailed the President of the Federal Republic of Nigeria, Bola Ahmed Tinubu, for his administration’s bold and strategic efforts toward revitalising the nation’s refining sector.
PETROAN, in a statement on Monday by its spokesperson, Joseph Obele, particularly applauded the recent milestone achieved by the Nigerian National Petroleum Company Limited in signing a Memorandum of Understanding with reputable Chinese firms, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Limited, aimed at accelerating the rehabilitation, restart, and expansion of the Port Harcourt and Warri refineries.
Commenting on the development, the National President of PETROAN, Billy Gillis-Harry, described the agreement as a timely and strategic intervention that signals a new direction for Nigeria’s refining sector.
He noted that the introduction of a technical equity partnership model would bring much-needed operational discipline, efficiency, and accountability that had been lacking in previous refinery rehabilitation efforts.
Billy Gillis-Harry further emphasised that this development represents a decisive shift from past approaches that yielded limited results to a more performance-driven model that ensures long-term sustainability.
According to him, PETROAN sees this initiative as a critical step toward restoring Nigeria’s refining capacity and reducing the nation’s overdependence on imported petroleum products.
Billy Gillis-Harry also outlined the wide-ranging benefits of the successful rehabilitation and expansion of the Port Harcourt and Warri refineries, including massive job creation.
Recall that NNPCL recently signed an MoU with Chinese firms to restart the Port Harcourt and Warri refineries.
Eze Chidiebere Paul
I'm dedicated to creating high-quality content that informs, inspires, and delights. If you have any questions or suggestions, don't hesitate to get in touch. Happy reading!
