Olaniwun Ajayi advises African Refinery Port Harcourt Limited on Equity Investment by NNPC for 100,000 bpd Refinery Project

Olaniwun Ajayi LP advised African Refinery Port Harcourt Limited (the Company) on the equity investment by the Nigerian National Petroleum Company Limited (NNPC Limited) for developing, constructing, and operating a greenfield deep conversion refinery with a 100,000 bpd capacity. This collaborative investment aims to strengthen the Company’s financial position for implementing the Project.

The Project will be collocated in the Port Harcourt Refining Complex, with the overall objective of enhancing Nigeria’s in-country capacity to supply PMS and other key petroleum products to the local and international markets, as well as generate employment opportunities within the country.

Our role in advising the Company on this Project testifies to our Firm’s commitment to supporting pivotal projects that continue to drive and shape the African energy sector and economy.

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