Kachikwu urges Dangote to complete refinery before 2019, promises FG support

The Minister of State for Petroleum Resources, Ibe Kachikwu, while visiting the Dangote oil refinery site at Lekki Free Trade Zone, in Lagos, said...

FG may look to sell Warri, Kaduna refineries – Report

There are indications that the Federal Government will sell two of its three crude oil refineries that are found to have become commercially unviable...

Senate halts talks between FG, Agip/ENI, Oando over PH refinery

The Senate has ordered the discontinuance of talks between the Federal Ministry of Petroleum Resources, Agip/ENI and Oando Plc on the rehabilitation of the...

Nigeria’s poor maintenance of its refineries leaves their capacities bottom in Africa

The cost of Turn Around Maintenance of Nigeria’s four refineries from year 2000 to date is nearly the total cost of building the refineries,...

Dangote refinery projected to hit 50% utilization by 2020

The 650,000 barrels per day Dangote Refinery has been projected to hit 50% capacity utilisation by 2020. The capacity utilization of the Lagos-based plant,...

Federal government has approved new oil policy – Kachikwu

The Federal Government has approved a new policy on oil administration in the country. The approval is sequel to a memo presented to the Federal...

NNPC refineries currently supplying 60% of domestic kerosene consumption

Ahead of the 2019 target date for the cessation of petroleum products importation by the Federal Government, the Nigerian National Petroleum Corporation (NNPC) has...

DPR issues new guidelines for establishing modular refineries

The Department of Petroleum Resources (DPR) has issued new guidelines for the establishment of hydrocarbon processing plants. It also issued an addendum “supplementary guidelines...

India’s Power Mech JV unit receives order from Dangote Refinery

Power Mech Projects Limited, an Indian engineering and construction company said its Nigerian JV got an order from Dangote Oil Refining Company. GTA Power Mech Nigeria,...

Dangote says his refinery investment will transform Nigeria’s economy

Alhaji Aliko Dangote, Africa’s richest man and President of Dangote Group has said that his investment in the oil and gas sector was aimed...

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