Nigeria Importing 25 Million Litres Of Petrol Daily – FG
The Nigerian government has revealed that the country now consumes about 50 million litres of petrol daily. Half of this supply comes from local refineries, while the rest is imported. The Executive Director of Distribution Systems, Storage, and Retailing Infrastructure at the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Mr. Ogbugo Ukoha, shared this […]
Nigeria Blocks Export Permits Of Oil Producers Not Meeting Local Refinery Quotas
Nigeria has made a strong move to ensure that oil producers meet their domestic supply obligations by blocking oil export permits for companies that fail to send enough crude to local refineries. This includes the Dangote Refinery, the largest in Africa. The country’s Petroleum Industry Act (PIA) requires oil producers, both local and international companies, […]
Nigeria to Ensure Steady Crude Oil Supply to Local Refineries
The Nigerian government and oil producers have agreed to ensure a steady supply of crude oil to local refineries at market-driven prices. This decision aims to optimize business for operators while guaranteeing enough crude oil for refineries, following concerns raised by Dangote Petroleum Refinery about possible sabotage. The agreement, made during a meeting organized by […]