The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged the Nigerian National Petroleum Company Limited (NNPC) to complete the proposed Technical Equity Partnership with Sanjiang Chemical Company Limited and Xinganchen (Fuzhou) Industrial Park Operation and Management Company Limited. A Memorandum of Understanding (MoU) for the partnership was signed on April 30, 2026, with the aim of restoring and expanding operations at the Warri and Port Harcourt Refineries. According to punchng.com, the MoU was signed by Bashir Bayo Ojulari, Group Chief Executive Officer of NNPC Ltd, Guan Jianzhong, Chairman of Sanjiang Chemical Company, and Bill Bi, Chairman of Xingcheng Industrial Park. IPMAN stated that the delay in concluding the agreement is prolonged and prevents expected benefits, including improved refining capacity and prices. According to allafrica.com, Comrade Emmanuel Inimgba, IPMAN’s Eastern zonal secretary, noted the partnership would strengthen Nigeria's downstream petroleum sector and attract fresh investment. According to thesun.ng, IPMAN attributes the high petrol prices and poor fuel supply in Nigeria to the prolonged delay in concluding the agreement. Comrade Inimgba Emmanuel Okubowei, Zonal Secretary of IPMAN Eastern Zone (System 2E), also urged NNPC Ltd to urgently conclude the agreement.