NNPC says July deadline for low-sulphur fuel remains unchanged

The Nigerian National Petroleum Corporation (NNPC) is working to meet the July 2017 deadline for switching from fuel with higher concentration of sulphur to...

Kachikwu explains why there won’t be open bidding for refineries

The Minister of State for Petroleum Resources, Ibe Kachikwu said refineries repair cannot be done in an open bidding process, Daily Trust reports. While speaking...

Kaduna signs pact with Chinese firm for new Kaduna refinery

Kaduna State government delegation’s visit to China led by Governor Nasir El-Rufai, has brightened prospects for the development of a new 50,000 barrels per...

Nigeria not benefiting from high natural gas reserves – DPR boss

The Department of Petroleum Resources (DPR) has expressed worry that despite the significant natural gas reserves, the country was yet to fully benefit from...

Conoil grows Q1 2017 profit to N3.3bn

Indigenous petroleum marketer, Conoil Plc, has reported a gross profit of N3.318bn for the first quarter of 2017, representing 67.66 per cent earnings rise...

2019 petrol import deadline threatened by regulatory issues – Kachikwu

The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has stated that structured difficulties, such as denial of approval for processes, delays by...

Dangote awards DuPont Clean Technology contracts for oil refinery

DuPont Clean Technologies (DuPont) announced today that Dangote Oil Refinery Company Ltd (Dangote) has commissioned a range of advanced proprietary equipment from DuPont for...

NNPC crashes diesel price nationwide by 42%

Price of Automotive Gas Oil (AGO), also known as Diesel, has crashed to about 42% nationwide, a huge downslide over the last six months,...

Forte Oil unveils its growth plans for improved operations

According to the Group Executive Director, Finance and Risk Management, Forte Oil Plc, Julius Omodayo-Owotuga, the company is planning to deepen its focus on...

Nigerian Refineries: Challenges and the Privatization Option

Nigeria’s minister of Petroleum Resources, Diezani Alisson Madueke, while speaking in London, United Kingdom in November 2013, stated that the country’s four refineries owned...

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