Downstream pipeline vandalism increases by 92% in March

Latest statistics from the Nigerian National Petroleum Corporation (NNPC) have shown that the number of pipeline sabotages in the country increased to 94 downstream...

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...

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...

N4.74tn spent on fuel imports in 2016 – Kachikwu

In the last one year, the country has spent about N4.74tn on the importation of petroleum products, an amount that is made up of...

Senate alleges NNPC still operating subsidy regime

Nigeria's upper chamber has raised the alarm over the continuous operation of the fuel subsidy regime, The Guardian reports. It said contrary to claims by the...

Kachikwu says no contract with Oando, Eni on refineries, pledges transparent bid process

The Minister of State for Petroleum Resources, Ibe Kachikwu, has clarified that neither Oando nor Agip had been handed over the right of maintenance...

Senate withdraws N5 fuel levy bill

After serious opposition from members, the controversial National Road Fund Bill has been withdrawn from the Senate, The Guardian reports. In sourcing for revenue for...

Kaduna refinery to drive local content by patronizing Nigerian engineers

The Kaduna Refining and Petrochemicals Company (KRPC), said on Friday it would patronise Nigerian engineers to drive the local content policy of the Federal...

Tinubu clarifies Oando’s involvement in Port Harcourt Refinery

The Group Chief Executive Officer of Oando PLC, Wale Tinubu, appeared before the Senate Joint Committee on Petroleum Resources Thursday, to correct allegations regarding...

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...

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