Dangote Refinery Pledges Uninterrupted Fuel Supply, Cites Tariff Policy as Boost to Local Industry
The Refinery currently produces over 45 million liters of PMS and 25 million liters of diesel daily.
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NNPC Justifies FG’s 20% Equity Stake In Dangote Refinery
THE Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mr. Mele Kyari, has justified Federal Government’s decision to have 20% equity stake in Dangote refinery. Kyari said it was a well-calculated decision that would favour the country. The NNPC GMD
No Plan To Increase Fuel Price Yet, Says FG
THE Federal Government has said there is no plan yet to increase the pump price of petroleum products, particularly, Premium Motor Spirit (PMS) also known as fuel. There have been fears of imminent increase in the price of petrol among members of
Lawan Denies Taking Bribe To Pass PIB
PRESIDENT of the Senate, Dr. Ahmad Lawan, has denied the allegation that the leadership of the National Assembly and its members collected huge sums of money to pass the controversial Petroleum Industry Bill into law. The Senate President said the report that
International Oil Firms Owe NDDC $4bn
OIL companies operating in the Niger Delta are owing the Niger Delta Development Commission (NDDC) over $4bn, the Federal Government has said. Minister of State for Niger Delta Affairs, Tayo Alasoadura, said the debt owed the NDDC had been accumulating over a
Petroleum Industry Act Is A Travesty Of Justice, Says Moghalu
A former Deputy Governor of the Central Bank of Nigeria, Prof. Kingsley Moghalu, has said the Petroleum Industry Act signed by President Muhammadu Buhari is a travesty of justice. He described the provision in the Act to give 30% of the Nigerian
Niger Delta Congress Rejects PIB, Calls For Restructuring
THE Niger Delta Congress has rejected the Petroleum Industry Act recently signed into law by President Muhammadu Buhari. The group made its position on the Bill known through a statement signed by its spokesperson, Barr. Ovunda C. Eni, and made available to
Petroleum Industry Act Designed To Enslave Niger Deltans – PANDEF
THE Pan Niger Delta Forum (PANDEF) has expressed displeasure over the Petroleum Industry Bill signed into law by President Muhammadu Buhari on Monday. The forum said the rush by the President to sign the Bill even when there were several complaints after
MSGBC Oil, Gas and Power Conference-exhibition : Senegal wants to Strengthen Investments in the Energy Sector
H.E. Aissatou Sophie Gladima, Minister of Petroleum DAKAR, Senegal, 18 August 2021 -/African Media Agency(AMA)/- The Ministry of Petroleum and Energy, the Permanent Secretariat of COS-PETROGAZ and the Business Council of Renewable Energies of Senegal (COPERES), are organizing, in partnership with Energy Capital
Buhari Approves Committee To Implement Petroleum Industry Act
PRESIDENT Muhammadu Buhari has approved a steering committee to oversee the process of implementing the newly signed Petroleum Industry Act (PIA). A statement released by the Special Adviser to the President on Media and Publicity, Femi Adesina, said the steering committee would
Buhari Signs Petroleum Industry Bill Into Law
President Muhammadu Buhari has signed the Petroleum Industry Bill (PIB) 2021 into law. The President who is currently working from home in five days quarantine as required by the Presidential Steering Committee on COVID-19 after returning from London on Friday, assented to the
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