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 Rakes In N2.129trn From Product Sales In One Year
NNPC THE Nigerian National Petroleum corporation (NNPC) has made total revenue of N2.129 trillion from the sales of petroleum products between March 2020 and March 2021. The Federal Government owned oil company disclosed this in its Monthly Financial and Operation Reports (MFOR),
Petroleum Consumption Leaps To 340m Litres In One Month – NNPC
NNPC Figures released by the Nigerian National Petroleum Corporation (NNPC) has shown that the consumption of petroleum in Nigeria has increased by 340 million litres within a space of one month. According to data contained in its March 2021 financial and operations
Shell Appoints Elohor Aiboni As First Female MD
Elohor Aiboni. Photo credit: Google Elohor Aiboni has been named as Managing Director of Shell’s Nigeria deep water business, Shell Nigeria Exploration and Production Company, which took effect from 1st August 2021. This was announced in a statement released on Sunday which
Buhari Explains How AKK Project Will Enhance Gas Utilization For Industrialisation
President Muhammadu Buhari has explained that successful completion of the Ajaokuta-Kaduna-Kano, AKK Project in 2023 would enhance domestic gas utilisation as the mainstay for national industrialisation. Buhari stated this at the opening ceremony of the 2021 Gas Sector Stakeholders (AKK) Forum organised
DPR Shuts 13 Gas Stations In Akwa Ibom State
No fewer than 13 cooking gas stations were sealed in July by the Department of Petroleum Resources(DPR), Eket Field Office, for illegal operation. This was disclosed on Thursday by Operations Controller if DPR, Mr Victor Ohwodiasa in Akwa Ibom. Ohwodiasa said the
Oil Price Gains 0.54%, Closes At $75
Brent Crude on Monday gained 0.54% to close at $74.5 per barrel, with WTI also recorded a 0.31% increase in price and Bonny Light growing 1.27% to close at $72.8 per barrel. However, Natural gas recorded a decline of 0.07% to close
Benue, Abia Record Highest Petrol Prices
CONSUMERS of premium motor spirit (PMS) in Benue, Abia and Cross Rivers states paid the highest price per litre last month, data by the National Bureau of Statistics have revealed. In Benue, the average price of PMS in June was N183.29, a
GAS FLARING: Nigeria Among Top Seven ‘Law Breakers’
…Stop the killings, don’t flare gas except during emergencies, Bassey warns Nigeria is among top seven gas flaring countries for nine years running, according to World Bank’s gas flaring satellite data from 2020 released in April 2021. Gas flaring has been a
Nigerians Reel Under High Cost Of Cooking Gas
The surge in costs of cooking gas is a major source of worry to many Nigerians, who now purchase gas at very high prices. In less than months, prices jumped by as much as 45 percent, from N4700 (for 12.5kg cylinder) to
Nigeria Set To Lose N319.56bn To Gas Flaring By End Of Year
Nigeria stands to lose as much as N319.56 billion to gas flaring by the end of the year, according to data analysed by Prime Business Africa. Latest data from the Nigerian National Petroleum Corporation (NNPC), as reported earlier by Prime Business Africa
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