Nigeria Looks to Revive State-Owned Refineries

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Nigeria's state-owned oil company, NNPC, is planning to revive its three idled refineries with the help of technical equity partners, marking a potential boost to the country's oil production capacity.

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Market impact analysis based on bullish sentiment with 80% confidence.

Sentiment
Bullish
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80%

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NNPC, the state-owned Nigerian oil company, is looking to revive the three state refineries in Africa’s top crude producer and plans to select technical equity partners to help resume operations at the facilities that have been idled for years. In an update on Nigeria’s refineries, NNPC said that it “continues to make measured progress in the comprehensive technical and commercial review of the nation’s three refineries — Warri, Port Harcourt, and Kaduna.” These three refineries have a total…

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Original article published by OilPrice.com on October 30, 2025.
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