From Adanna Nnamani, Abuja
Former Group Managing Directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC Ltd) have defended the ongoing overhaul of the Port Harcourt Refinery, dismissing criticisms as misguided.
During an inspection of the refinery as part of the Former NNPC GCEOs Forum in Port Harcourt, the former leaders praised the efforts of the current management team, led by Mr. Mele Kyari, calling the rehabilitation a “magical” achievement.
Dr. Jackson Gaius-Obaseki, who served as GMD from 1999 to 2003, spoke on behalf of the group, explaining that many critics failed to grasp the scope of the work undertaken.
He clarified that the overhaul was not a routine Turnaround Maintenance (TAM) but a comprehensive rehabilitation, modernising the 1965-built facility into a state-of-the-art plant by 2024 standards.
The former GMDs noted that the refinery’s modernisation was a monumental task that involved significant technological upgrades and infrastructure improvements.
They also addressed concerns over petrol pricing, reiterating that pump prices are largely influenced by fluctuating crude oil prices and urging the public to better understand the complexities of the oil market.
“Some of those who criticise do not understand the extent of the work carried out. They mistake it for the usual Turnaround Maintenance. This is a complete rehabilitation—transforming a plant built in 1965 into a modern one in 2024. We appreciate the effort,” Dr. Obaseki stated.
On petroleum pricing, he emphasised that petrol pump prices are influenced by crude oil prices and called for public understanding. He hailed the achievement as a testament to courage and dedication, urging the GCEO, Mr. Mele Kyari, to remain focused on delivering value to Nigerians.
Other former GMDs present at the meeting included Chamberlain Oyibo, Funsho Kupolokun, and Andrew Yakubu, who collectively lauded the success of the project.