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 May Spend N201 Billion To Clean Up Dirty Fuel
To clean up the 170.25 million litres of methanol-laden premium motor spirit (PMS) imported into the country, the Nigerian National Petroleum Company (NNPC) may need as much as N201 billion, an equivalent of some $480.8 million in conservative exchange rate. The Chief
Dirty Fuel: Oando Denies, Vows To Assist NNPC Identify Root Causes
Nigerian indigenous oil marketer, Oando Plc, early Friday morning, denied involvement in the raging controversy over the importation of about 170.25 million litres of methanol-blended Premium Motor Spirit (PMS), which, new reports claim, could cost as much as N201 billion to clean
MRS Denies Importing Contaminated Fuel Into Nigeria
MRS Oil, one of the major players in the downstream sector of Nigerian oil and gas industry has debunked the allegation in circulation on media platforms that it imported contaminated Premium Motor Spirit (PMS) also known as fuel into the country.
Adulterated Petrol: 100 Million Litres Affected, Say Marketers
Emerging reports claimed that oil marketers estimated that about 100 million litres of contaminated petrol were imported into Nigeria and had been recalled by the Pipelines Product Marketing Company, a subsidiary of the NNPC. Therefore, federal government is said to overseas supplier,
NMDPRA Confirms Supply Of Petrol With Methanol Above Specification
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has confirmed petrol, with methanol quantities above Nigeria’s specification. NMDPRA disclosed this in a statement issued on Tuesday confirming concerns by Nigerians and other stakeholders over the importation of crude above Nigeria’s grade to the
Three Survivors, One Dead Body Found In SEPCOL Oil Vessel Explosion
Prime Business Africa reports that three crew members from the oil vessel that exploded in Delta State on Wednesday have been found alive. The vessel belonged to the Shebah Exploration & Production Company Ltd (SEPCOL) in Receivership. The SEPCOL Management confirmed the
Oil Revenue Drops As Nigeria Misses January OPEC Quota
Nigeria’s crude oil output target for January 2022 has dropped to 1.46 million barrels per day against a target of 1.683 million bpd as approved by the Organisation of Petroleum Exporting Countries. Officials of the Federal Ministry of Petroleum Resources and the
Nigeria’s Crude Oil Production Jumps By 50,000 BPD In A Month
Nigeria’s crude oil production increased by 50,000BPD in a month, from 1.41 million barrels a day average in December 2021 to 1.46 million barrels a day in January 2022, from a monthly output target of 1,683,000 BPD. Prime Business Africa obtained this
Nnimmo Bassey Hails US Court Ruling Against Sale Of Gulf Of Mexico Oil Lease
Nigerian environmental activist, Nnimmo Bassey has commended a United States Court ruling which blocked a highly controversial sale of oil and gas drilling leases across 80m acres of the Gulf of Mexico, by Joe Biden's administration.
Petrol Landing Cost Rises To N282/litre, Oil Hits $90 – Reports
Emerging reports have claimed that the landing cost of Premium Motor Spirit (petrol) imported into Nigeria to over N282 per litre. Prime Business Africa gathered that the further rise in the landing cost of petrol means increased subsidy as the pump price
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