Downstream

The Federal Government spent a total N650.2bn in subsidising Premium Motor Spirit; latest statistics obtained from the Nigerian National Petroleum Corporation have shown. The PMS, popularly known as petrol, is imported into Nigeria…
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…Earns $54.5bn from export of crude oil Nigeria’s value of petroleum products imported in 2018 was more than its exports of the same year, according to data released by the Organisation of Petroleum Exporting Countries (OPEC). The…
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has said that Nigeria with its huge petroleum resources has no reason to continue to import petroleum products. Speaking at the…
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The Department of Petroleum Resources (DPR) in Kogi State on Tuesday sealed over 15 fuel stations. The operation was carried out during surveillance tour to some of the petrol stations within and outside the state capital, Lokoja. …
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The Nigerian National Petroleum Corporation (NNPC), has attributed the increase in the price of household kerosene in the country to demand and supply pressures. Accoriding to Mr Ndu Ughamadu, the NNPC group general manager, group…
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Managing Director, Aiteo Energy Resources Limited, Ewarezi Useh, in this chat identifies the challenges in the downstream sector that must be tackled for there to be efficiency in the oil and gas sector of Nigeria’s economy. How can…
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The Dangote Refinery’s atmospheric tower – the largest in the world – set sail for Lagos, Nigeria from Ningbo, China, on Monday, 29 July, 2019, taking the project a step closer to its 2020 launch date. Africa is one of the few regions…
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The statement by the new Group Managing Director, GMD, of the NNPC, Mele Kyari, that the N145 per litre was the cheapest in West Africa created widespread anxieties due to the prevailing economic hardship in the country. But in…
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The President and Chief Executive Officer, of Dangote Group, Aliko Dangote has said the yet-to-be completed 650,000 barrels per day capacity refinery being constructed would be dedicated to the production of 344,500 barrels of petrol per…
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The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, on Wednesday, issued a seven-day strike notice to the Federal Government, alerting Nigerians of a possible fuel scarcity. NUPENG wants the President Muhammadu Buhari…
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