Warri, Kaduna Refineries: FG approves $2.76 bn acquisition of 20% minority stake by NNPC, $1.4bn for rehabilitation
August 5, 2021 The Federal Executive Council has approved the $2.76 billion acquisition of 20 percent minority stake by the NNPC in Dangote Petroleum and Petrochemical Refinery. This is coming…
Dangote Refinery. What Nigerians should know!
July 19, 2021 After taking FX at concessionary rates from the CBN, Nigeria is inexplicably tied at the apron strings to Mr. Dangote’s now-threatened refinery. Estimates by professional industry analysts…
Nigeria seeks $1bn for key gas pipeline as it awaits Chinese loan
July 16, 2021 Nigeria is seeking $1 billion so work can continue on a gas pipeline costing up to $2.8 billion after Chinese lenders which had pledged to offer most…
PIB faces last battles over fuel, northern drilling
July 15, 2021 Nigeria’s lawmakers are on the cusp of clearing an oil industry overhaul that has eluded the nation for two decades. Final passage of a package of measures…
Nigeria has seen a drastic decline in attacks on oil, gas facilities since 2014 – Minister
July 6, 2021 The Minister of State for Petroleum, Mr Timipre Sylva, on Monday declared that attacks on oil and gas facilities across the country had reduced significantly since 2014….
PIB not worth celebrating in the N/Delta, oil producing states deserve more than 3% allocation – Rivers IPMANÂ
July 2, 2021 Mr Joseph Obele, Chairman, Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria (IPMAN), has expressed his dissatisfaction over the three per cent oil derivation…
Senate Passes PIB 13 years after first presentation
July 1, 2021 The Senate adjourned plenary till July 6, 2021, after it passed the much awaited Petroleum Industry Bill (PIB) on Thursday. The bill it said was passed after…
Military arrests ISWAP terrorist in S/West
July 1, 2021 The Defence Headquarters says the troops of Operation AWATSE, have arrested a suspected member of Islamic States West Africa Province (ISWAP) in Sango Otta area of Ogun….
GMD NNPC to brief Senate on Thursday on certain provisions of the PIBÂ
June 30, 2021 Mr. Mele Kyari, Group Managing Director, Nigerian National Petroleum Corporation (NNPC), is expected to brief the Senate on Thursday on technical aspects of the Petroleum Industry Bill…
Petrol Price: Nigeria engaging on appropriate pricing – Mele Kyari
June 29, 2021 The Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, on Tuesday suggested that the inability to find an appropriate price for petrol has forced the…