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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Lai Mohammed Reveals Why Buhari Can No Longer Remove Fuel Subsidy
The Nigerian government has revealed why the removal of petrol is impossible at this period, while also disclosing the routes oil thieves are using to steal millions of barrels produced by the country. According to the Minister of Information and Culture, Lai
Eroton Blames Oil Spill On Vandals
The spokesperson explained that during Joint Investigative Visits (JIV) conducted by the company, it was found that the entire valves on the Christmas Tree, wellhead accessories such as the control valves, tree caps, etc. were removed.
NCDMB Partners Shell, Exxon Mobil, Agip In Oil & Gas Parks – Wabote
development of the Nigerian Oil and Gas Parks Scheme
NNPC Accused Of Diverting N4.2 trillion, Inflating Fuel Consumption Figure By 50 million Litres
The Nigerian National Petroleum Corporation (NNPC) has been accused by the House of Representatives member, Sergius Ose-Ogun, of using the subsidy regime to divert about $10 billion. $10 billion, going by the official exchange rate as of June 30, 2022, would equal
NNPC Boss Reveals Number Of Illegal Refineries Operating In Nigeria After N434 billion Loss
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC) Limited, Mele Kyari, has revealed over 100 illegal refineries are being operated in Nigeria, as the country continues to lose billions to oil theft. Kyari made the staggering revelation during his
FG Sends Agencies To Shutdown Filling Stations Selling Petrol Above N165
Filling stations selling Premium Motor Spirit (PMS) above N165 will lose their license of operation, the Nigerian government, as its agencies commence joint inspection of retailers in Abuja. The threat followed statement of the Independent Petroleum Marketers Association of Nigeria (IPMAN) regarding
NCDMB Boss Lauds Nivafer For Commitment To Local Content Initiative
Nivafer Engineering and Construction limited unveiled a high-pressure fuel gas treatment skid for Assa North gas project in Lagos
Oando Likely To Delist From Stock Market, As Investors Move To Exit Troubled Oil & Gas Firm
Minority shareholders in Oando have filed a petition demanding for their shares to be acquired by the company or the majority investor in the firm, Ocean and Oil Development Partners Limited (OODP). OODP has 57.37% ownership of Oando, and has agreed to
Oil Price Crashes, As Vladimir Putin Seeks Nigerian Buyers For Russian Oil
Nigeria has become one of the major destinations for Russian oil products, as European Union embargo on Vladimir Putin’s country disrupt Moscow’s supply chains. And in an effort to prevent the restriction from affecting its oil earnings deeply, Russia is looking for
Pres. Buhari Told To Remove Fuel Subsidy After Rejecting IMF, World Bank Advice
Nigeria’s Extractive Industries and Transparency Initiative (NEITI) has expressed its disagreement with President Muhammadu Buhari’s statement over the removal of fuel subsidy, which has suspended for 18 months in January. On Tuesday, President Buhari had said he rejected suggestions to remove the
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