NNPC Signs MoU with Chinese Firms to Revive Warri, Port Harcourt Refineries

The Nigerian National Petroleum Company Limited has entered into a Memorandum of Understanding with two Chinese firms to support the rehabilitation, operation, and expansion of Nigeria’s Warri and Port Harcourt refineries.

The agreement, signed on April 30, 2026, in Jiaxing City, China, involves Sanjiang Chemical Company Limited and Xingcheng Industrial Park Operation and Management Company Limited. It is expected to pave the way for a Technical Equity Partnership aimed at completing ongoing rehabilitation works and ensuring efficient refinery operations.

According to a statement by NNPC’s Chief Corporate Communications Officer, Andy Odey, the partnership will see the firms contribute technical expertise and operational support to restore functionality at both facilities.

The Port Harcourt refinery, approved for rehabilitation in 2021 at an estimated cost of $1.5 billion, is designed to regain its 210,000 barrels-per-day capacity. Meanwhile, the Warri refinery is undergoing a separate $897 million upgrade to restore its 125,000 barrels-per-day capacity and integrate petrochemical production.

Both projects form a critical part of NNPC’s strategy to reduce Nigeria’s dependence on imported petroleum products and strengthen domestic refining capacity.

The Port Harcourt facility had briefly resumed operations in late 2024 before shutting down again due to operational and financial constraints.

Under the new arrangement, the Chinese partners are expected to assist in completing outstanding rehabilitation work and participate in the operation and maintenance of the refineries to ensure long-term sustainability.

Speaking after the signing, NNPC Group Chief Executive Officer, Bashir Bayo Ojulari, described the agreement as a major milestone following months of negotiations, adding that it reflects strong prospects for long-term collaboration.

He, however, noted that the agreement remains non-binding and is subject to regulatory approvals and further negotiations.