Speaking Thursday during an interview with Bloomberg at the 9th OPEC International Seminar, Ojulari confirmed that a strategic review is currently underway to assess the future of the company’s ailing refineries. The outcome of that review, he said, could include potential divestments.
“We’re reviewing all our refinery strategies now. We hope before the end of the year, we’ll be able to conclude that review,” Ojulari said.
“That review may lead to us doing things slightly differently.”
When pressed on whether a sale was on the table, he responded candidly:
