• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
Nairametrics
Home Business News

Why Baru engaged investors to establish a refinery in Akwa-Ibom State.

Chris Pemu by Chris Pemu
October 12, 2017
in Business News
Why Baru engaged investors to establish a refinery in Akwa-Ibom State.
Share on FacebookShare on TwitterShare on Linkedin

Group Managing Director (GMD) of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru, has said that various investors had been approached to build a refinery in Akwa-Ibom State.

He made this disclosure on Wednesday, during a two-day PENGASSAN’s Triennial Retreat/Synergy workshop which opened in Uyo, Akwa-Ibom State.
According to the GMD, Akwa-Ibom State was well-positioned geographically to own a refinery.

 

MoreStories

Gulf crisis: Nigeria’s embassy in Kuwait, Bahrain issues safety advisory to nationals

Gulf crisis: Nigeria’s embassy in Kuwait, Bahrain issues safety advisory to nationals

March 1, 2026
US-Israel-Iran Escalation: China, Russia, EU, AU, UN react 

US-Iran conflict: Here’s what global leaders are saying

March 1, 2026

Why Akwa-Ibom?

According to Baru, despite the fact that the preferred location of the investors was not Akwa Ibom State, he had convinced them to consider building the refinery in the state in order to leverage, especially on the state’s deep coastline.

He appealed to the Udom Emmanuel-led government to explore partnership opportunities provided by investors towards establishing the refinery in the state. He then called on industry players to brace up for change in the energy sector.

The NNPC Chief commended the Petroleum & Natural Gas Senior Staff Association of Nigeria, PENGASSAN, and the Nigerian Union of Petroleum & Natural Gas Workers, NUPENG, for their role in ensuring harmony in the nation’s Oil and Gas Industry, which according to him, has helped stabilize petroleum products supply across the country.

“The investors have been coming to us and I have seen one that is quite promising. It is in this light that I encouraged these investors to come and see the state government and discuss,” Baru said.

“I would like to appreciate the support given to us by the two unions, PENGASSAN and NUPENG. You have over the years exhibited high level of maturity and partnership. This is evident in your pragmatic approach to issues, your support during difficult times as well as strategic engagement with industry stakeholders which has not only guaranteed industrial peace and harmony, but has also ensured the stable supply of petroleum products across the country,” he stated.

Baru assured that the NNPC would continue to accord priority to staff welfare and ensure that staff are trained to face the current realities of the industry.

 

Tags: News Review
Chris Pemu

Chris Pemu

Christopher B. Pemu has a degree in Political Science from the University of Lagos. He joined Nairametrics in 2014 as News Editor and later as Managing Editor. He currently serves as the General Manager of Nairametrics. He takes pleasure in traveling, enjoys world politics and in sport, he loves watching football and tennis.

Next Post
Intels responds to termination of NPA Agreement

Intels responds to termination of NPA Agreement

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

rabafast

nairametrics








DUNS

Follow us on social media:

  • HOME
  • ABOUT NAIRAMETRICS
  • CONTACT US
  • DISCLAIMER
  • ADs DISCLAIMER
  • COPYRIGHT INFRINGEMENT

© 2026 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Recapitalization
      • Access Holdings Offer
      • Fidelity Bank Offer
      • GTCO Offer
      • Zenith Bank Offer
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Nairalytics
  • Economy
    • Business News
    • Budget
    • Public Debt
    • Tax
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Public Offer & Right Issues
      • Stock Market News
    • Fixed Income
    • Funds Management
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Market Views
    • Op-Eds
    • Research Analysis
  • Login
  • Sign Up

© 2026 Nairametrics