The Nigerian National Petroleum Company Limited (NNPC Ltd) has released its 2023 Audited Financial Statement (AFS), declaring a net profit of N3.297 trillion at the close of the financial year which ended in December 2023, an increase of over N700billion…
Angola Oil & Gas (AOG) 2024 Ministerial Panel to Outline Strategies for Accelerating Regional Integration
As Angola strives for increased oil and gas production, opportunities for regional collaboration in exploration, refining and petroleum distribution emerge With an investment pipeline of $60 billion planned for the next five years, Angola is well on track to maintain…
Ministers Lokpobiri, Uzoka-Anite, and Dangote endorse inaugural Nigerian Crude Oil Refining Summit
Feature Image Caption: L – R: CEO, Waltersmith Refinery, Muhammad Musa; Chairman CORAN/OPAC Refinery, Momoh Jimah Oyarekhua; President/CEO Dangote Refinery, Aliko Dangote; Executive Director, Dangote Group, Halima Aliko Dangote; Chairman/CEO Integrated Oil & Gas/Chairman, CORAN Board of Trustee, Captain Emmanuel Iheanacho (rtd); Chief Strategist, Legend & Legacy, Kunle Odusola-Stevenson & Group Chief Strategy Officer, Dangote Group, Aliyu Suleiman during a courtesy visit by Crude Oil Refinery-owners Association of Nigeria (CORAN) to Dangote Refinery in Lagos recently
Matrix Energy Group Debunks Allegations of Importation of Dirty Fuel
One of Nigeria’s downstream giant, Matrix Energy Group, has refuted allegations of importing dirty Premium Motor Spirit (PMS), also known as fuel. It says petroleum products it imported and supplied meet the specifications set by the Nigerian Midstream and Downstream…
NOGC: Moneda Invest to Raise $250 Million to Capitalize African Operators in Oil and Gas
The forth-coming Namibia Oil and Gas Conference (NOGC) billed for 20-22 August with the theme “THE NEXT STEP TOWARDS A PROSPEROUS OIL AND GAS INDUSTRY TO POWER NAMIBIA’S SUSTAINABLE FUTURE has speakers drawn from all around Africa and beyond. Mr.…
FINANCE MINISTER LEADS STRATEGIC MEETING ON NNPCL CRUDE SALES IN NAIRA
In a bold move to ensure the full implementation of the President Bola Ahmed Tinubu’s directive for the Nigerian National Petroleum Corporation Limited (NNPCL) to sell crude oil to local refineries in Naira, the Honourable Minister of Finance and Coordinating…
CORAN’s Inaugural Summit to Set Nigeria on the Path to Oil Refining Leadership
The Crude Oil Refinery-owners Association of Nigeria (CORAN) is launching the first Nigerian Crude Oil Refining Summit on October 7-8, 2024, at Eko Hotel & Suites, Lagos. The summit, themed “Making Nigeria a Net Exporter of Petroleum Products,” comes at…
“We have always gotten crude supply from NNPC” – Clarifies Dangote
Insists on NUPRC enforcing PIA Domestic Obligations The Management of Dangote Refinery has clarified its stand on crude supply to its Refinery, stating there was never a time they denied receiving crude supply from NNPC Ltd. This clarification arose in…
11Plc Shuts down Mobil Service Station at Ikeja – Regrets Fire Incident, Loss and Damages.
The Management of 11 PLC, formerly Mobil Oil Nigeria Plc, and owners of the Mobil Service Stations in Nigeria, have expressed their regrets for the fire incident that engulfed the Mobil Service Station at Obafemi Awolowo Way, Ikeja, Lagos. The…
NNPCL CEO, Mele Kyari Denies Economic Sabotage Allegations
Mr. Mele Kyari, the Group Chief Executive Officer of NNPC Limited, has emphatically stated that the company has not violated any laws in its dealings with partners and should not be implicated in any claims of economic sabotage. Addressing the…
