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Tag: oil refineries

NNPC Urged To Fix Nigeria’s Ailing Refineries

Nigerian National Petroleum Corporation (NNPC)
The Chairman of DAS Energy Services Limited, Delta State, Chief Sunny Onuesoke, has said the commercialisation of Nigerian National Petroleum Corporation (NNPC) will make no sense, when the four refineriesRead More

Nigeria’s Private Refineries’ Operators Groan Under Weight Of Crude Scarcity As NNPC Focuses On Export

Nigerian National Petroleum Corporation (NNPC)
he few small-scale refineries operating in Nigeria are facing a huge challenge of crude oil supply, as the Nigerian National Petroleum Company (NNPC) Limited continues to focus on exporting theRead More

Rivers Soot: Stakeholders Seek Amendment Of Law To Accommodate Artisanal Refiners

Senior Special Assistant to President Muhammadu Buhari on Niger Delta Affairs, Senator Ita Enang
Seek CBN, PTDF’s funding Stakeholders including the Senior Special Assistant to the President on Niger Delta Affairs, Senator Ita Enang and representatives of some agencies under the petroleum and environmentRead More

Wike Clampdowns On Illegal Oil Refineries In Rivers Communities

Rivers State Governor, Nyesom Wike
To match his words with action, the Rivers State Governor, Mr. Nyesom Wike yesterday, stormed the forests of Ogbodo community in Ikwerre Local Government Area and Ibaa community in EmohuaRead More

NNPC Fixes Base Oil Price For 2022 At $57, $61 for 2023

Nigerian National Petroleum Corporation (NNPC)
The Nigerian National Petroleum Corporation (NNPC) yesterday projected a medium term base crude oil price scenario of $57 to a barrel for 2022; $61 for 2023 and $62 for 2024.Read More

NNPC Ventures, Shipping, Refineries, Lead In Corporation’s N56.1bn Loss In April

Nigerian National Petroleum Corporation (NNPC)
Oil records longest deficit run since 2019 Seven subsidiaries and business units of the Nigerian National Petroleum Corporation (NNPC) contributed a cumulative N56.177 billion to the national oil company’s totalRead More

OPEC, Allies Agree To Ease Oil Production Curbs

Organisation of the Petroleum Exporting Countries (OPEC)
Transparency influenced financing deal for refinery rehabilitation, says NNPC The Organisation of Petroleum Exporting Countries (OPEC) and its allies, known as OPEC+, yesterday resolved to gradually ease its oil outputRead More

Labour Gives Conditions To Support Refineries’ Privatisation

Nigeria Labour Congress (NLC)
The Nigeria Labour Congress (NLC) yesterday hinged its support for the planned privatisation of the country’s refineries on the process being opened, transparent and allowing every Nigerian, including workers, toRead More

NNPC Seeks $1bn In Oil Prepaid Deal To Revamp Refinery

NNPC
Repayment due in seven years The Nigerian National Petroleum Corporation (NNPC) has begun talks with trading firms to raise about $1 billion in a prepayment deal to refurbish its largestRead More

NNPC Records N20.36bn Trading Surplus In July

Nigerian National Petroleum Corporation (NNPC)
Nigerian National Petroleum Corporation (NNPC) said yesterday that it recorded an increased trading surplus of N20.36 billion in July 2020, compared to the N2.12 billion surplus in June 2020 inRead More