Nigeria’s downstream chaos could sink planned refinery sale
The country's four struggling refineries are to be privatised
Nigeria’s four troubled oil refineries are to be sold to the private sector, according to the petroleum minister, Diezani Alison-Madueke. She told a news agency that the process to privatise the four facilities, owned by the state’s Nigerian National Petroleum Corporation (NNPC), will start before the end of the first quarter of 2014, saying that the government does not want to be “in the business of running major infrastructure entities”. The refineries, which have been beset with operational problems for decades, are undergoing maintenance at present, with work on the two Port Harcourt facilities due to be completed by the end of 201
Also in this section
24 December 2025
As activity in the US Gulf has stagnated at a lower level, the government is taking steps to encourage fresh exploration and bolster field development work
23 December 2025
The new government has brought stability and security to the country, with the door now open to international investment
23 December 2025
A third wave of LNG supply is coming, and with it a likely oversupply of the fuel by 2028
22 December 2025
Weakening climate resolve in the developed world and rapidly growing demand in developing countries means peak oil is still a long way away
