Port Harcourt Refinery: Private Investors To Join Management
December 2, 2025
7:03 am
PETROAN says talks are underway for private investors to manage the Port Harcourt refinery under a new LNG-bonding model, with operations eyed for 2026.
Private investors are preparing to take over part of the management of the Port Harcourt refinery under a new LNG-bonding framework, according to the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN). The move marks one of the most significant steps toward opening Nigeria’s downstream sector to broader private participation and improving supply efficiency.
Dr. Joseph Obele, PETROAN’s National Public Relations Officer, said negotiations with an unnamed international oil company have reached nearly 60% completion.
