IPMAN Urges Federal Government To Slash Crude Oil Costs For Dangote Refinery
The National President of the Independent Petroleum Marketers Association of Nigeria, Abubakar Garima, has urged the Federal Government of Nigeria to reduce the price of crude oil supplied to the Dangote Petroleum Refinery. He said the move could help reduce the rising cost of petrol across the country. Garima explained that petrol prices, also known […]
Why Nigerian marketers cut fuel price – Dangote Refinery
The Dangote Refinery has explained why fuel marketers in Nigeria recently reduced petrol prices. According to the refinery, the price cuts reflect adjustments in the global oil market and increased local supply, which have made fuel more accessible to consumers. The company noted that improved distribution and the commencement of local refining operations have helped […]
Coalition advises NNPCL GCEO Ojulari not to inherit Kyari’s dollar-chasing reforms
The Energy Justice Forum (EJF), a group of energy rights activists, has advised the new CEO of the Nigerian National Petroleum Company Limited (NNPCL), Bayo Ojulari, to avoid continuing the policies of the former CEO, Mele Kyari. The group described Kyari’s time in office as full of “dollar-chasing reforms” that lacked transparency. In a statement […]
Dangote Refinery eyes fresh crude imports, targets 650,000bpd in June
The Dangote Petroleum Refinery is preparing to bring in crude oil from international sources to support its growing production needs. This step comes as local supplies from the Nigerian National Petroleum Company Limited (NNPCL) fall short of meeting demand. An insider disclosed that the refinery is now producing 500,000 barrels per day (bpd) and plans […]
NNPC Rejected Dangote’s $750m Offer To Manage Nigeria’s Refineries – Obasanjo
In 2007, the Nigerian National Petroleum Corporation (NNPC) made a controversial decision to reject a $750 million offer from billionaire businessman Aliko Dangote. The offer was for a public-private partnership (PPP) to manage the Port Harcourt and Kaduna refineries, which have long struggled with inefficiency. Former President Olusegun Obasanjo shared this story during an interview […]
Warri Refinery Restart: It brings joy to me, Nigerians —Tinubu
The Warri Refinery is back in action! After years of being out of operation, the refinery resumed work on Monday, a development that has been celebrated by President Bola Ahmed Tinubu and millions of Nigerians. The Nigerian National Petroleum Company Limited (NNPCL) has worked hard to restore the refinery, which is now operating at 60% […]
Port Harcourt Refinery: Mayor Akpodoro Calls Tinubu a Jinx Breaker
In a remarkable achievement for Nigeria’s oil industry, the Port Harcourt Refinery has resumed operations, marking a significant milestone in the country’s journey toward energy self-sufficiency. This success has been attributed to President Bola Ahmed Tinubu, who has been praised by the Mayor of Urhoboland, His Excellency Eshanekpe Israel, popularly known as Akpodoro. Akpodoro referred […]
NNPCL Reveals Petrol Prices Across Nigeria After Dangote Refinery Delivery
The Nigerian National Petroleum Company Limited (NNPCL) has announced the estimated retail prices of Premium Motor Spirit (PMS), commonly known as petrol, across various states for September 2024. These prices are based on the latest supply from Dangote Refinery. Nationwide Petrol Price BreakdownAccording to NNPCL spokesperson, Olufemi Soneye, the new petrol prices were released following […]
NNPCL Delivers 30 Million Barrels of Crude Oil to Dangote Refinery, Plans to Supply More
The Nigerian National Petroleum Company Limited (NNPCL) has provided 30 million barrels of crude oil to the Dangote refinery so far. Adedapo Segun, NNPCL’s Executive Vice President of Downstream, shared this news during an interview on Arise Television. He mentioned that the company plans to supply an additional 17 million barrels to the refinery in […]
NNPC Struggles with Funding for Pipeline Repairs, Minister Heineken Lokpobiri Reports
In a recent statement at the Energy and Labour Summit 2024, Heineken Lokpobiri, the Minister of State for Petroleum Resources, addressed a significant concern facing Nigeria’s oil sector: the lack of funds for repairing the country’s aging pipelines. The summit, organized by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja, […]