PPMC says it received $205m from Duke Oil

The Petroleum Products Marketing Company (PPMC) received a total of $205,203,891.09 from Duke Oil for products traded between January 2016 and September 2017, Daily...

NDEP set to refine aviation fuel locally

The Managing Director, Niger Delta Exploration and Production Plc (NDEP), Dr. Layi Fatona, has revealed plans by the company to expand capacity and begin...

Redundancy of tank farms imminent as FG moves to end fuel importation by 2019

The commercial investment in tank farms and other storage facilities across the country is looking like a miscalculated business venture for owners who procured...

Applications received for 7 modular refineries in Edo, 3 to be approved – Kachikwu

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, disclosed on Thursday that the ministry had received applications to operate seven modular refineries...

Reps order PPMC to tender proof of $245m payment for oil products

The House of Representatives Ad-Hoc Committee on Oil and Gas yesterday gave the Pipeline Products Marketing Company (PPMC) seven days to submit receipts of...

National LPG policy will unlock industry growth – NLPGA

The Nigerian Liquefied Petroleum Gas Association (NLPGA) has said the national LPG policy will spur a revolution in the LPG industry, urging the Federal...

Nigerian firm, Niger Delta E&P to build 5,000bpd diesel refinery in South Sudan

Nigerian firm, Niger Delta Exploration and Production Company (NDEPC) and NILEPET Joint Venture have been mandated to construct a 5,000 barrels per day capacity...

Nigeria’s three refineries lost N4.54b in August

The Nigerian National Petroleum Corporation (NNPC) has put the losses made by Nigeria’s three refineries in the month of August at N4.54 billion, The...

OPEC says oil remains relevant as surge in car ownership to drive demand growth

OPEC said Tuesday that the cartel expects a surge in car ownership in the developing world to far outweigh the adoption of electric vehicles...

Baru assures of hitch-free supply of petroleum products supply during yuletide

As the festive periods draw near, the Nigerian National Petroleum Corporation (NNPC), has assured that it would ensure a hitch-free supply of petroleum products...

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