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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61 Oil Firms Access $293.26m Of $300m NCDMB Intervention Fund
Sixty one companies in the oil and sector have accessed a total of $293.26 million (N32.8 billion) out of $300 million Nigerian Content Intervention Fund (NCIF) as at November 2022.
Fuel Scarcity: ‘Our Experience In Agbara, Egbeda, Badagry’
Amid the alleged rationing of the days of selling petrol among some petroleum products marketers who have formed cartels, Prime Business Africa can report that the fuel scarcity that has bit hard across the Federation in the last one month seems to
Black Marketers Continue To Cash Out As Fuel Scarcity Bites Harder
The average Nigerian motorist and, indeed, every Nigerian are grappling with the lingering nationwide fuel scarcity that has refused to go away. The scarcity, particularly of Premium Motor Spirit (PMS), has paved way for black marketers to make brisk business hawking the
Nigeria Reclaims Largest Oil Producer Spot, Produces $3.09 billion Worth Of Crude
Nigeria reclaimed its top spot as Africa’s largest oil producer in November, after relinquishing the position to Libya in the third quarter of this year. According to the latest oil market report for December 2022 released by Organization of Petroleum Exporting Countries
Savannah Energy Acquires $1.25bn PETRONAS Oil & Gas Portfolio In South Sudan
Savannah Energy PLC, the British independent energy company, has entered into a Share Purchase Agreement (SPA) with PETRONAS International Corporation Limited (PETRONAS) to acquire PETRONAS’ oil and gas business in South Sudan. The agreement is for the acquisition of Petronas Carigali Nile
Crude Oil Production Rises, Nigeria Risk Losing $23 billion
Nigeria’s crude oil production has increased to 1.59 million barrels per day, according to the Chief Upstream Investment Officer at the NNPC Upstream Investment Management Services (NUIMS), Bala Wunti. The figure provided by Wunti is above the 1.01 million barrels per day
Savannah Energy Takes Over $407m ExxonMobil Franchise In Chad, Cameroon
Savannah Energy PLC, the British independent energy company, has announced its completion of $407 million acquisition of ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon.
Oil In the North: What Hope For Better Nigeria? (Part 2)
One must concede that the poor performance of Buhari’s government in the North, especially in his home state, underscores the irrelevance of any argument against his appointment of mostly his tribesmen. It‘s safe to conclude that the government’s poor delivery of its
Spain Tops United States On List Of Nigeria’s 10 Biggest Crude Oil Buyers
In the third quarter of 2022, Spain was the biggest buyer of Nigerian crude oil, with India, France, Netherlands, Indonesia and the United States completing the top five. According to the foreign trade report obtained from the National Bureau of Statistics (NBS),
DSS Issues Warning To NNPC, Oil Marketers, Demands End To Fuel Scarcity In 48 Hours
Nigerian National Petroleum Corporation (NNPC) Limited and oil marketers have been given two days to end the current fuel scarcity across the country. The Department of State Services (DSS) had issued the directive on Thursday, with the spokesman for the DSS, Peter
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