Africa’s richest man, Aliko Dangote, has said his refinery has secured a licence to refine more than 300,000 barrels of Nigerian crude per day and will begin to process gasoline soon. “We don’t want to start our refinery with foreign…
Dangote Refinery Gets 300,000 Barrels/Day from NNPC
The Nigeria National Petroleum Corporation Limited will have the first right of refusal to supply the Dangote refinery with about 300,000 barrels of crude oil per day for the next 20 years. The Group Chief Executive Officer, NNPC Ltd, Mele…
Crude Oil Theft: Figures Claimed By NUPRC, NNPC and Stakeholders are Outrageous, And Impractical – Chief Of Naval Staff
There is a significant miscalculation in determining how much Nigeria is losing in terms of oil theft because oil losses due to other factors are often lumped together as theft. Meaning that the figures given by Nigerian Upstream Regulatory Commission…
PIA: MOMAN commends regulatory body on consultation with stakeholders
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has been commended for its unprecedented consultation with stakeholders towards the successful implementation of the Petroleum Industry Act (PIA) 2021. Mr Olumide Adeosun, Chairman, Major Oil Marketers Association of Nigeria (MOMAN), made the commendation in a…
Deregulation : Nigeria Stands to Save Over N12 Trillion – Rainoil CEO
The Group Managing Director, Rainoil Limited , Dr Gabriel Ogbechie has revealed that the country stands to save over 12 trillion naira, which could be channeled for other areas of development for the country if the downstream sector is fully…