The Nigerian National Petroleum Company Limited (NNPCL) is to be listed on the Nigerian stock Exchange (NGX) by 2028.
Bayo Ojulari, its Group Chief Executive Officer [GCEO], disclosed this in an interview with Bloomberg on the sidelines of the just concluded 9th OPEC International Seminar in Vienna, Austria.
He said the NNPCL was considering the sale of the Port Harcourt, Warri, and Kaduna refineries.
The NNPCL boss said the country had invested heavily in the refineries without seeing any tangible results and expressed pessimism over their further functionality.
He spoke about the company’s strategic review of NNPCL’s refinery operations, which is underway and expected to be concluded before the end of the year.
