NNPC blames refinery failures on weak operations, not funding The Nigerian National Petroleum Company Limited (NNPC) has attributed the long-standing underperformance of the country’s state-owned refineries to weak operational capacity rather than inadequate funding or failure by engineering contractors. Speaking at the 2026 Nigerian International Energy Summit in Abuja, NNPC Group Chief Executive Officer, Bayo Ojulari, said billions of dollars had been spent over the years on financing arrangements and engineering, procurement and construction (EPC) contracts, yet little attention was paid to how the refineries would be efficiently operated over their...