NNPC Rules Out PHRC Sale, Plans Fresh Refinery Funding
By Ayomide Otitoju The Nigerian National Petroleum Company Limited (NNPC Ltd.) has officially ruled out the sale of the Port Harcourt Refining Company (PHRC) and announced plans to raise new funding to complete the rehabilitation of its refineries in Port Harcourt, Warri, and Kaduna. Group CEO Bayo Ojulari made the declaration during a company-wide town…