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Fast-Track Deals With Chinese Firms for Port Harcourt, Warri Refineries ... The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPC), to expedite the conclusion of the proposed Technical Equity Partnership with the two Chinese companies for the completion and operation of the Warri and Port Harcourt Refineries. The partnership with the two firms, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited, was initiated through the signing of a Memorandum of Understanding (MoU) on April 30, 2026, which is aimed at restoring and expanding the refineries' operations. IPMAN's Eastern zonal secretary, Comrade Emmanuel Inimgba, in a statement made available to newsmen in Port Harcourt on Sunday, expressed concern that the delay in concluding the agreement is taking far too long and is depriving Nigerians of the immense economic and social benefits expected from the investment. Inimgba noted that the partnership would strengthen Nigeria's downstream petroleum sector, attract fresh investment, improve refining capacity, enhance product availability, and…

NNPC signs China MoU for Nigeria refinery rehabilitation NNPC signs China MoU to restart, expand Port Harcourt, Warri refineries May 4, 2026 5:00 pm By Damilola Aina Kindly share this story: 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. According to a statement issued on Monday by the Chief Corporate Communications Officer of NNPC Ltd, Andy Odeh, the MoU sets the stage for a potential Technical Equity Partnership ai…

Marketers to NNPC: Fast-track Chinese Refinery deal to slash Marketers to NNPC: Fast-track Chinese Refinery deal to slash petrol prices 29 June 2026 2:30 am WAT By Adewale Sanyaolu Follow Us on Google The Independent Petroleum Marketers Association of Nigeria (IPMAN) has blamed the prolonged delay in concluding a technical equity partnership between the Nigerian National Petroleum Company Limited (NNPC) Limited and two Chinese firms for denying Nigerians the benefits of lower petrol prices and improved fuel supply. The association said the slow pace of the proposed partnership involving Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited has stalled efforts to revive and expand operations at the Warri and Port Harcourt refineries, leaving consumers to continue bearing the burden of high fuel costs. Speaking with journalists on the sidelines of the Good Governance Summit organised by the Working People United (WOPU) in Abuja, the Zonal Secretary of IPMAN Eastern Zone (System 2E), Comrade Inimgba Emmanuel Okubowei, urged the management of NNPC Ltd to urgently conclude the agreement initiated through a Memorandum of Under…

Fast-track Deals With Chinese Firms For Port Harcourt, Warri Refineries ... The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPC), to expedite the conclusion of the proposed Technical Equity Partnership with the two Chinese companies for the completion and operation of the Warri and Port Harcourt Refineries. The partnership with the two firms, Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited, was initiated through the signing of a Memorandum of Understanding (MoU) on April 30, 2026, which is aimed at restoring and expanding the refineries’ operations. IPMAN’s Eastern zonal secretary, Comrade Emmanuel Inimgba, in a statement made available to newsmen in Port Harcourt on Sunday, expressed concern that the delay in concluding the agreement is taking far too long and is depriving Nigerians of the immense economic and social benefits expected from the investment. Inimgba noted that the partnership would strengthen Nigeria’s downstream petroleum sector, attract fresh investment, improve refining capacity, enhance product availability, and…

New deal to end fuel import as two Chinese firms sign MoU to revive ... Share ❮ ❯ . ..build gas hubs The Nigerian National Petroleum Company Limited (NNPC Ltd) has signed a Memorandum of Understanding (MoU) with two Chinese companies to fast-track the completion, operation, and expansion of Warri and Port Harcourt refineries, as part of efforts to restore domestic refining and cut reliance on fuel imports. The agreement was signed on Thursday, April 30, 2026, in Jiaxing City, China, by NNPC Ltd Group CEO Engr. Bashir Bayo Ojulari; Sanjiang Chemical Company Limited Chairman Guan Jianzhong; and Xinganchen (Fuzhou) Industrial Park Operation and Management Co. Ltd Chairman Bill Bi. Under the proposed Technical Equity Partnership, the Chinese firms will work with NNPC to complete outstanding rehabilitation at both refineries and manage operations to deliver sustainable, best-in-class performance. Planned upgrades will lift product quality to cleaner, more profitable standards in line with global specifications. The MoU also covers expansion of petrochemical capacity and the development of co-located, gas-based industrial hubs to harness downstream opportunities from the refineries. Thi…

Nigeria: Fast-Track Deals With Chinese Firms for Port Harcourt, Warri Refineries, IPMAN Urges NNPC [Leadership] The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Nigerian National Petroleum Company Limited (NNPC), to expedite the conclusion of the proposed Technical Equity Partnership with the two Chinese companies for the completion and operation of the Warri and Port Harcourt Refineries.