Downstream

The Nigerian National Petroleum Corporation (NNPC) has said it imported 15,874,734.82 metric tons of Premium Motor Spirit (PMS) otherwise called petrol through the Direct Sales Direct Supply (DSDP) arrangement in 2018. The national oil…
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Nigeria’s deepwater oil field, Egina, achieved first oil production late on Saturday, raising the country’s daily oil production above 2.09 million barrels in December 2018, the Nigerian National Petroleum Corporation has announced. …
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, said that the country’s refineries had not undergone Turn Around Maintenance (TAM) for an aggregate of 42 years. Baru disclosed this…
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The Group Managing Director (GMD) of the Nigerian National Petroleum Corporation (NNPC), Mr. Maikanti Baru, has urged Nigerians to report any filling station selling petrol above N145 per litre. Mr. Baru gave the charge in a…
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Nigerians consumed a total of 479 million litres of petrol from January 2018 to September 2018, representing an average of 53.2 million litres daily for nine months, the Nigerian National Petroleum Corporation (NNPC), has disclosed. …
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The Nigerian National Petroleum Corporation, NNPC has revealed that oil refineries owned by the federal government lost N96.34 billion between January and September this year. This was against the N95.09 billion the refineries lost…
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With crude oil price at $69 per barrel in January 2018 against the budget price of $51 per barrel, Nigeria’s economy witnessed a turn-around of sorts in its crude oil output as production was sustained at 2.2 million barrels per day for…
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Shell Petroleum Development Company of Nigeria Limited (SPDC) say it is targeting 300 million standard cubic feet of gas per day from Assa North Gas Development Project in Imo State when it comes on stream. The gas is expected to be…
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The massive importation of petroleum products better explained how the Federal Government avoided fuel scarcity this Yuletide season, even as 18 more ships laden with Premium Motor Spirit (PMS) also known as petrol, are currently waiting…
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The Department of Petroleum Resources, Kaduna Zonal Office, says it has taken adequate measures to tackle fuel diversion to the Republic of Benin, Chad and Niger. The DPR Zonal Operations Controller, Isa Tafida, stated this at a press…
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