Marketers insist on interest for delay in payment of subsidy

The Oil Marketing and Trading (OM & T) companies involved in the importation of petroleum products have insisted that the federal government should pay...

FG to privatise refineries after PIB passage

Director General of the Bureau of Public Enterprises (BPE) Mr. Benjamin Dikki has hinted investors’ interest in the oil and gas sector saying that...

Govt to review investment profile at ports

The Federal Government may soon carry out extensive audit of infrastructural facilities, through direct foreign or local investment, by port concessionaires since 2006 when...

Work begins at Obat Refinery soon

Construction work on Obat Oil Refinery is to begin soon as arrangements have been completed to ensure it meets world standards. Speaking to our reporter...

Only new trucks will access Lagos port next year, says NPA

Management of the Nigerian Ports Authority (NPA) is engaging some private partners that will operate a consolidated truck management system, whereby only new trucks...

Concerns mount over delay of fuel import allocation, N168bn subsidy claims

The delay in the release of the fourth quarter 2013 fuel import allocation by the Ministry of Petroleum Resources and the slow pace of...

Techno Oil to introduce 20 new mega stations nationwide

As part of concerted effort to boost the supply Premium Motor Spirit, PMS also known as fuel to end users in the country, Techno...

DPR to clamp down on illegal products storage facilities

The Department of Petroleum Resources (DPR) has said that it will not hesitate to close down any illegal tank farm’s operation found in Nigeria...

Mobil’s profit up 73% as NSE Index slips

Petroleum marketer, Mobil Oil Nigeria, in its second quarter financial result for the period ended June 30, 2013 reported a profit after tax of...

Cabotage Act: Technical development elusive 10 years after

A maritime expert formerly with Lloyds, Engr. Emmanuel Ilori, is unhappy that more than 10 years after the enactment of Coastal and Inland Shipping...

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