September 24, 2021
  • September 24, 2021

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Nigeria set up new firm to manage investment in petroleum refineries

by on August 20, 2021 0
State-oil firm, the Nigerian National Petroleum Corporation (NNPC) has inaugurated the board of Nigeria Greenfield Refinery Limited (NGRL), a subsidiary of the corporation to oversee the establishment and operation of new refineries. Group Managing Director of the corporation, Mele Kyari, at the inauguration of the board charged them to explore all options to bring... Read More

Nigeria plans to expand equalisation fund scheme to boost gas utilisation

by on May 10, 2021 0
Nigeria is planning to extend the equalization scheme to Liquefied Petroleum Gas (LPG) as part of measures to boost the nation’s gas resource utilisation, reduce deforestation and greenhouse pollution. Petroleum Equalisation Fund is a scheme adopted in 1975 by the Nigerian government mainly to administer uniform prices of petroleum products throughout the country. Petroleum... Read More

DPR debunks NEITI claim on lack of accurate data on oil production

by on April 16, 2021 0
The Department of Petroleum Resources (DPR) has debunked the claim by the Nigeria Extractive Industries Transparency Initiative (NEITI) that the country’s daily crude oil production remains unknown despite over 60 years of exploratory activities. In a statement in Abuja by the DPR’s Head of Public Affairs, Paul Osu, the regulatory agency for the oil... Read More

No accurate data on Nigeria crude oil production, says NEITI

by on April 16, 2021 0
True data on Nigeria crude oil production, especially at the deep offshore fields, is not known by anyone, the Nigeria Extractive Industries Transparency Initiative (NEITI) has said. According to the NEITI Executive Secretary, Orji Ogbonnaya-Orji, the exact amount of crude oil produced in Nigeria had remained unknown because of the absence of meters at... Read More

Nigeria says 26,000 capacity modular refineries ready for commissioning

by on April 14, 2021 0
…Aiteo, Capital oil, Sifax licenses are inactive By Oludare Mayowa Nigeria on Wednesday said three modular refineries with a combined refining capacity of 26,000 have completed construction work and are at the commissioning stage. According to the latest information from the Department of Petroleum Resources (DPR), the three refineries are among the 28 licensed... Read More