Fuel scarcity looms as Warri refinery shuts down

The nation’s pioneer crude oil refining plant, Warri Refinery and Petrochemical Company (WRPC), has again been shut down. LEADERSHIP learnt that the plant was shut...

Scarcity of aviation fuel disrupts flight operations

Many flights were delayed and few others cancelled at the weekend following the inability of most airlines to receive the volume of aviation fuel,...

Apapa gridlock worsens as NNPC fails to load petrol in Ibadan, other depots

In spite of the recent claim by the Group Managing Director of the NNPC, Dr. Maikanti Baru that the reactivation of some of the...

DPR reverses sanctions against Folawiyo Energy

The Department of Petroleum Resources (DPR) has lifted the sanctions imposed on Folawiyo Energy Limited (FEL), ThisDay reports. In a statement issued yesterday by the...

Petroleum subsidy payment drops by 80%

The Federal Government’s daily spending on petrol subsidy has dropped to N7.93 per litre as of Wednesday, December 10, as against N44.94 on November...

12,000bpd modular refinery to start operations in 2018 – Azikel Group

The Group President, Azikel Group, Dr. Eruani Azibapu has signed an agreement for the construction of the 12,000 barrel per day (bpd) Azikel Refinery...

FG to issue safety certificate to petrol stations, gas plants

The Federal Government has said that henceforth, anyone operating petrol stations and gas plants in the country will obtain certificate of safety from the...

LPG stakeholders lose billions of naira to strike

The Liquefied Petroleum Gas (LPG) sub-sector of the oil industry may have lost an estimated N6.6 billion to the last oil workers’ strike, The...

NNPC trading deficit rises by 128% as refineries lose N8.5bn

The Nigerian National Petroleum Corporation (NNPC) saw its trading deficit rise by 128.5% in July to N11.87bn, with the nation’s crude oil refineries responsible...

10 vessels with 259,722mt of petrol expected at Lagos ports

Out of a total of 41 vessels expected to call at the seaports in Lagos from now till May 19, 2016, 10 are laden...

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