Political Economist

Top Menu

  • Home
  • About us
  • Contact us

Main Menu

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • Home
  • About us
  • Contact us

logo



Political Economist

  • Local News
  • World News
  • Business & Economy
  • Sports
  • Commentaries
  • New Report on African media shows western sources dominate how the continent’s story is told

  • COVID-19: Community health workers must be better supported in 2021, the Year of the Healthcare Worker – global health technology experts 

  • WIKE MAKES HISTORY, OTHERS MAKE EXCUSES; BY PAULINUS NSIRIM

  • Still too early to gauge how AfCFTA will affect sports, entertainment industry – Centurion Law Group

  • PEBEC receives report exposing pitfalls in some govt. agencies

Breaking NewsLocal News
Home›Breaking News›NNPC to raise Chevron-operated GTL refinery stake to 60%

NNPC to raise Chevron-operated GTL refinery stake to 60%

By Admin
December 24, 2019
201
0

Mele Kolo Kyari, GMD NNPC

 

Nigeria’s state oil company said on Tuesday it will increase its stake in a Chevron-operated gas-to-liquid refinery to 60% as part of a cost dispute resolution with the U.S. oil major.

The Nigerian National Petroleum Corporation (NNPC) has a 20%stake in the plant some 60 miles (100 km) southeast of Lagos.

California-based Chevron, which is trying to sell some Nigerian assets in an effort to focus on its fast-growing U.S. production, did not immediately comment.

The 33,000 barrel-per-day (bpd) plant, which produces synthetic diesel, liquefied petroleum gas and naphtha from natural gas using technology from South Africa’s Sasol, cost around $10 billion to build, four times the original estimate, and its start-up in mid-2014 was years late.

TagsChevronNNPC
Previous Article

Sowore thanks Nigerians, calls for a better ...

Next Article

Death sentence for Khashoggi’s killers would further conceal ...

Related articles More from author

  • Breaking NewsCommentaries

    NNPC, Kyari and transparency

    August 18, 2019
    By Admin
  • NNPC
    Business & EconomyLocal News

    Nigeria paid $14 mn for fuel in June despite subsidy removal – NNPC

    August 31, 2020
    By Admin
  • Special Reports

    Nigeria’s Changing Legal Regime: Is Africa’s Biggest Oil Producer Finally Within Reach of a New Oil Law?

    November 9, 2020
    By Admin
  • Local News

    NNPC reiterates commitment to reduce cost of crude oil production, pledges to deploy new technology

    May 8, 2019
    By Admin
  • Local NewsPress Releases

    CBWN Nigeria announces its official partnership with organisers of the Nigeria International Petroleum Summit 2021

    December 10, 2020
    By Admin
  • Local News

    No excuse is tenable for the failure of refineries to work in the country – NNPC

    October 15, 2019
    By Admin

You may be interested

  • Local News

    Ojo Maduekwe, Elechi Amadi dead

  • DHQ
    Local News

    Stay off conflict zones, terrorists are only trained to kill – Army urges MSF 

  • Local News

    Avengers blow up Shell facility in midnight rage

logo

Political Economist is a liberal news magazine with global affiliations.

We promote free enterprise and act as a catalyst for the growth of knowledge economy. We are proudly pan-Nigeria yet richly spiced with African and global news. We offer a fair and balanced news reportage presented by our team of well-heeled professional journalists...

About us

  • 5 Olutosin Ajayi Street, By CPM Church, Ajao Estate, Lagos State, Nigeria
  • +234 805 680 1124
  • info@politicaleconomistng.com
  • Recent

  • Popular

  • Comments

  • moderna

    Moderna says it believes vaccine will work against new variants

    By Admin
    January 26, 2021
  • Uzodinma

    Orlu Crisis: Gov. Uzodinma declares dusk to dawn curfew in 10 LGAs

    By Admin
    January 26, 2021
  • anti-snake

    Uni Jos research centre develops anti-snake vaccine

    By Admin
    January 26, 2021
  • Governors Agree To Ban Open, Night Grazing Across States

    By Admin
    January 26, 2021
  • Jonathan Sacks IGP Abba, Appoints Arase

    By Admin
    April 21, 2015
  • Zinox iPower Inverter Claws to Market Dominance

    By Admin
    November 24, 2014
  • Police foil another suicide bomb attempt in Borno, kill three bombers

    By Admin
    April 24, 2017
  • Your Kidney is Your Life, Watch Your Lifestyle, Counsels Dr. Amira

    By Admin
    February 27, 2015
  • Justopec
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Good one for the ...
  • Justice Shedrack
    on
    April 24, 2017

    Police foil another suicide bomb attempt in Borno, kill three bombers

    Nice
  • Anonymouse
    on
    February 8, 2017

    Qatar Airways makes history, completes first longest non-stop flight of 16 hours from Doha to New ...

    This is nice...
  • Justice Shedrack
    on
    January 19, 2017

    Confusion in Gambia, Jammeh stays put, Barrow to be sworn in at Gambia embassy in Senegal

    Na wa ooooo

Find us on Facebook

Follow us

  • Home
  • About us
  • Contact us
  • Privacy Policy
© Copyright Political Economist. All rights reserved.