In a surprising twist to the Dangote Refinery saga, disclosures have been made that the supposed 20percent equity investment by NNPCL in the Refinery is actually 7.5percent. This disclosure was made by Aliko Dangote himself at a media briefing earlier…
PHOTO NEWS: Shell Top Management Staff on facility visit to Dangote Refinery
Photo: L-R: Head of Business Development, Shell Trading and Shipping Company (STASCO), Filippo Bof; Managing Director, The Shell Petroleum Development Company of Nigeria Limited and Country Chair, Shell Companies in Nigeria, Osagie Okunbor; President, Dangote Industries Limited, Aliko Dangote; Managing…
Dangote’s WTI Import Strategy: Nigeria’s High Cost of Crude Oil Grades, Profit Margin, and Freight Drove Dangote to Import Crude Oil from US
The high cost of Nigeria’s 35 crude oil grades including Bonga, Agbemi and others has been attributed as the reason why Dangote Refinery resorts to buying crude oil from the United States. Other factors attributable to Dangote Refinery going to…
NNPC refutes Alleged $2 Billion Oil-for-Cash Loan
The Nigerian National Petroleum Company (NNPC) Limited (NNPC) has stated that it is not currently seeking a fresh $2 billion oil-for-cash loan deal, contrary to some reports. The report had claimed that the NNPC was eyeing a new $2 billion…
Clean Air: Stakeholders Unite to Forge Partnerships for Better Health and Environment
In a bid to tackle the devastating effects of air pollution in Africa, stakeholders are seeking improved partnerships to promote clean air, better health, and a sustainable environment. This was disclosed at the pre-event session of the 5 day Clean…
S&P Global: Dangote Refinery can Resolve Nigeria’s Forex Issues; Boost Economy
International financial analytics corporation, S&P Global, has described the 650,000 barrels per day (bpd) Dangote Oil Refinery and Petrochemicals company as capable of resolving Nigeria’s foreign exchange (forex) issue and its huge pressure on the local Naira currency, while also…
UN deputy chief demands bold policies, innovative solutions for SDGs
The international community must urgently summon the commitment and investments needed to achieve the Sustainable Development Goals (SDGs) by the 2030 deadline, the UN Deputy Secretary-General stressed on Monday. Addressing the opening of the 2024 High-level Political Forum on…
Wien lauds FG’s divestment deals, calla for further approvals
A frontline gender equity advocate group in the energy sector, Women in Energy Network (WIEN), has expressed immense joy at the eventual approval of oil and gas asset divestment transactions by the Federal Government of Nigeria President of WIEN, Mrs…
Logistics Challenges, Flooding Cause of Fuel Queues …As NNPC, Stakeholders Vow To Restore Normalcy
The NNPC Ltd has stated that the fuel queues seen in the FCT and some parts of the country, were as a result of disruption of ship-to-ship (STS) transfer of Premium Motor Spirit (PMS), also known as petrol, between Mother…
NNPCL plans 3 LNG stations, 100 CNG sites nationwide
Some of the 12 CNG stations commissioned simultaneously by Mr Ekperikpe Ekpo, Minister of State Petroleum Resources (Gas) in Abuja and Lagos on Thursday The Nigerian National Petroleum Company (NNPC Ltd.) says the drive to bring Compressed Natural…
