The Dangote Petroleum Refinery has clarified it has not received any payments from the Independent Petroleum Marketers Association of Nigeria (IPMAN) to purchase refined petroleum products. In a statement made available to the media, the refinery stated that although discussions…
NMDPRA: Nigeria’s Daily Fuel Consumption Could Reach 50 Million Liters – Farouk Ahmed
The Chief Executive of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Farouk Ahmed, has stated that petrol consumption had fallen to 4.5 million liters following the removal of subsidies by President Bola Tinubu. He made this disclosure at…
We Have Enough Fuel Stock, Major Energies Marketers Reassure Nigerians
Addressing the recurring concerns of a perceived tightness in the petroleum supply market, the Major Energies Marketers Association of Nigeria (MEMAN) have reassured the public and all stakeholders that MEMAN has a robust supply of petroleum products readily available. Reaffirming…
OTL Africa: Pinnacle CEO Highlights Major Changes in Nigeria’s Downstream Sector Following Subsidy Removal
* Highlights Transformations in Nigeria’s Downstream Sector Robert Dickerman, CEO of Pinnacle Oil and Gas Limited, has emphasized that the downstream sector of Nigeria’s oil and gas industry is experiencing significant changes and challenges following the removal of subsidies. He…
OTL Africa: Nigeria’s Oil Industry Targets 3 Million Barrels Daily and Increased Gas Utilization to Become a Net Exporter – NMDPRA
* Issues Nine Licenses to Establish (LTEs), Seven Licenses to Construct (LTCS), and Four Licenses to Operate (LTOS) for modular refineries. With the spate of ongoing reforms and investments in the oil and gas sector, Nigeria is set to become…
Unleashing Potential: Mainland Oil Reiterates Commitment to Lubricant Production and CNG Utilization in Africa – Chris Igwe
Mainland Oil has reiterated it’s commitment to service provision in the oil and gas industry, showcasing its strengths in lubricant production and compressed natural gas (CNG) utilization, towards driving energy security and sustainability across Nigeria and beyond. This, according to…
OTL Africa 2024: Seeks Increased Collaboration Between Industry Stakeholders To Drive Sectoral Growth
The upcoming Annual Oil Trading and Logistics (OTL) Africa Downstream Energy Week 2024 conference is set to explore critical topics such as health and wellness, as well as the impact of Artificial Intelligence and Big Data on decision-making within the…
NMDPRA Calls for Investments to Tackle Inefficiencies in Nigeria’s Petroleum Supply Chain
Mr. Ogbugo Ukoha, the Executive Director, Distribution, Storage System and Retail Infrastructure at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), has highlighted significant inefficiencies and cost challenges in Nigeria’s petroleum distribution infrastructure. Speaking at Day Two of the…
HEDA Writes AGF, Urges Recovery of Over $55 Billion Owed to Nigeria by International Oil Companies (IOCs)
The Human and Environmental Development Agenda (HEDA Resource Centre) has called on the Honourable Attorney-General of the Federation, Prince Lateef Fagbemi, SAN, to take immediate action to recover over $55 billion owed to the Nigerian government by International Oil Companies…
Tantita reiterates commitment to combating crude oil theft, improving lives of communities
Capt. Warredi Enisuoh, Executive Director, Technical and operations,Tantita Security Services Ltd., has reiterated the company’s commitment to combating crude oil theft, increasing oil production in the country and improving the lives of communities. Enisuoh said this in a statement on…
