Oando’s new jetty to save Nigeria over $120m in demurrage annually

As part of efforts aimed at salvaging the infrastructure deficit in the downstream sector of the petroleum industry, Oando, Nigeria’s leading indigenous energy player,...

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,...

Discussions still ongoing for crude importation from Niger Republic – NNPC

The Nigerian National Petroleum Corporation (NNPC) is still engaging in discussions for the importation of crude oil from the Niger Republic for the Kaduna...

Prices of diesel, LPG drop by 9.4%, 9% in Q2’17 – NBS

The average prices of Automotive Gas Oil, AGO (diesel) and Liquefied Petroleum Gas (LPG), (cooking gas) decreased by 9.4 per cent and 9 per...

NUPENG urges NNPC to provide alternative loading depots for tankers

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) on Monday appealed to the NNPC to provide alternative loading depots for petroleum tankers...

Fuel smuggling in border towns boom as traders make N55 per litre

The smuggling of petrol across Nigerian borders has increased as illegal traders make N55 per litre on the product, Vanguard reports. Investigations at Idi Iroko...

FG licenses 10 more modular refineries – DPR boss

As part of efforts to expand the nation’s refining capacity, the federal government has licensed 10 more modular refineries, making it 32 so far...

Nigeria’s refineries realize N62bn from refined products in May

Nigeria’s refineries – the Port Harcourt Refining Company Limited Port Harcourt Refineries Corporation (PHRC); Kaduna Refining and Petrochemicals Company Ltd. (KRPC); and Warri Refining...

Senate finally endorses PPP model for refineries’ repairs

The Senate has finally endorsed the private-public partnership (PPP) for the repair of the country’s four refineries, The Nation reports. The lawmakers through the Joint...

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...

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