Anxiety over fuel price hike thickens with bullish oil price predictions
There are fears that the fuel price hike might be inevitable with banks and other renowned agencies predicting that the price of crude oil will […]
Refineries
NNPC expends N6bn on idle refineries in October
Without production, the three national refineries recorded N6 billion operational expenses in October 2020, The Nation learnt on Tuesday. The total value of output by […]
3 Refineries Incur N5.92bn Expenses At Zero Production – NNPC
The Nigerian National Petroleum Corporation (NNPC) has reported its three refineries incurred N5.92 billion expenses in September 2020 at zero production level. According to its […]
Nigeria Lost N76bn Worth Of Crude To Pipeline Vandals In 2020
Nigeria lost at least 3.1 million barrels of crude worth about $200m (about N76.3 billion) in 2020 due to activities of pipeline vandals and crude […]
Oil Marketers Seek FG’s Approval To Fix Refineries
Oil marketers have expressed willingness and capacity to fix Nigeria’s dysfunctional refineries and get the facilities running in the shortest possible time. Operators of retail […]
Anger, confusion trail fresh hike in petrol price
Adewale Sanyaolu and Lawrence Enyoghasu The downstream sector of the petroleum industry was yesterday thrown into confusion as a leaked memo from the Petroleum Products […]
Dangote refinery will sell petrol at international price, says FG
The Minister of Finance, Budget and National Planning, Zainab Ahmed, has said when Dangote Refinery kicks off next year, it may not significantly reduce the […]
Illegal oil bunkering in Rivers worries Shell, council boss
The Shell Petroleum Development Company (SPDC) and the Ikwere Local Government Area have expressed worries over the increasing activities of oil thieves at the Ogbodo […]
Edo modular refinery: FG’s delegation certifies mechanical work 95% ready
Abuja – The Federal Government has said that the Edo Modular Refinery project, which is 95 percent (mechanical works) completed in Ologbo, Ikpoba Okha Local […]
Refineries earn N3.45bn, incures 160.13bn expenses- NNPC
The Nigerian National Petroleum Corporation says the nation’s refineries generated a total revenue of N3.45bn in 2018 while salaries and other expenses gulped N160.13bn this […]