The Nigerian National Petroleum Company Limited has said it is ending the practice of financing the Port Harcourt and Warri refineries with loans backed by crude oil production, opting instead for a performance-driven funding model aimed at making the facilities commercially sustainable. The NNPC said both refineries must become financially self-sustaining, as the national oil company moves to a new commercial model that requires the plants to raise financing for their operations rather than rely on loans.........................READ MORE