Nigerian National Petroleum Company (NNPC) Limited has affirmed that the Port Harcourt refinery is not for sale, denying reports and confirming it remains a fully owned federal asset.
In a post on its official X handle, the NNPC clarified that recent claims about the refinery’s sale are false.
The company emphasized that it is committed to completing the rehabilitation project and returning the facility to full operational status.
The statement read, “NNPC Limited wishes to clarify that the Port Harcourt Refining Company is not for sale. The information circulating is false.”
According to the company, all updates relating to its assets or restructuring will be communicated through authorized channels. This recent clarification was made in response to online speculation and unverified reports that the refinery was being privatized.
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NNPC reiterated that the rehabilitation project of the Port Harcourt refinery is progressing steadily and remains under the direct control of the federal government.
From information available on NNPC’s official platform, the company restated its role as a custodian of national energy infrastructure and dismissed any notion of an asset disposal.
Meanwhile, this response aligns with the broader position of the federal government to maintain strategic national assets under public ownership while pursuing efficiency through professional management.
Stakeholders had raised concerns over the refinery’s long-standing underperformance, prompting renewed attention following announcements of ongoing repairs and planned restart timelines.
This declaration by NNPC is part of a broader effort to combat misinformation and reinforce transparency in national energy operations.
Citizens are urged to rely only on verified channels such as NNPC’s official social media pages for updates concerning national oil assets.
