Downstream

The Nigerian National Petroleum Corporation (NNPC) has said the official price of a litre of Premium Motor Spirit (PMS), otherwise known as petrol, will remain N162 in July. This is even as the crude oil price has hit $74.72 per barrel…
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Mele Kyari, the Group Managing Director of Nigerian National Petroleum Corporation (NNPC), says Nigerians ought to be paying at least N256 per liter for petroleum. Mr Kyari uncovered this at a stakeholders meeting organized by the NNPC to…
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Green Energy International Ltd (GEIL), operator of the Otakikpo Marginal Field in OML-11 has commenced installation of 12MMSCFD LPG Extraction Plant at the Otakikpo Marginal Field and is on track to be completed by Q4 2021. The LPG…
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The Managing Director, Total Nigeria Plc, Mr. Imrane Barry, says removal of petrol subsidy will help government to redirect its earnings to support infrastructure development for economic growth and development. Barry made this known…
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Alhaji Yahaya Ahman Alhassan, chairman of the Independent Petroleum Marketers Association (IPMAN), during a chat with journalist, stated that the Abuja/Suleja unit has threatened to go on strike over alleged extortion by officials of the…
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Ibadan-based firm Total Grace Oil & Gas opens filling station with electric car charging point in Lekki, the first in Nigeria Total Grace Oil and Gas has inaugurated a new filling station in the Lekki area of Lagos State. The new…
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The International Monetary Fund said on Thursday it was concerned by Nigeria’s move to renew petrol subsidies and urged the government to continue efforts to unify its exchange rates. Nigeria which still has to import almost all its…
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The Federal Government has paid N940.2 billion to clear backlog of subsidy debts to oil marketers and others. A document from the Debt Management Office (DMO) sighted by New Telegraph on Sunday showed that the payment made in…
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AA Rano Petroleum Company over the weekend opened a mega station at Danbushiya, Millennium city in Kaduna State. This is the 4th station the company is opening in Kaduna State. The company provided free fuel for residents during the…
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*Aviation fuel to increase by 30 per cent There are indications that the Federal Government might face further revenue crisis after staking about N720 billion subsiding Premium Motor Spirit (popularly known as petrol) as crude oil price…
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