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The Petroleum and Natural Gas Senior Staff Association of Nigeria has implored the Federal Government to increase the nation’s local refining capacity and remove all observed encumbrances to full rehabilitation of all the four refineries. …
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If anybody cares to conduct a public opinion on the state of the nation’s four refineries located in Port Harcourt, Warri and Kaduna respectively, it will be obvious that so much money would be needed to put them back to maximum…
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Africa’s richest man, Aliko Dangote, said on Monday he expected to step up exports of cement and other commodities from Nigeria from this year as he focuses on foreign markets to boost sales and generate much-needed hard currency. …
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* Total is one of the top players in Africa oil sector * CEO urges Nigeria to issue exploration licences French oil group Total will approve plans to proceed with the Ikike project in Nigeria in the coming months, and also plans to…
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Country loses estimated N995.2bn annually A new report on the age-long crude oil theft in Nigeria has revealed how International Oil Companies (IOCs) in the Niger Delta region steal and siphon large volumes of crude oil from the country…
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●As ties with lenders hit all-time low Major privately-owned fuel importing, trading and marketing firms in Nigeria have embargoed investment plan in modular refinery. This decision, which, according to checks by New Telegraph, came…
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MT Africa Gas and MT Sahara Gas has delivered 437,170 metric tons of liquefied petroleum gas (LPG), known as cooking gas to the domestic market thus boosting penetration of the product in the country. The vessels were unveiled in Ulsan,…
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The Nigerian National Petroleum Corporation, NNPC, said it’s in talks with financiers to raise as much as $4.1 billion and will seek to sign service deals to increase production from three leases. The NNPC, is in discussions with…
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For the first time in 2019, the price of oil has risen from $60.00 to $62.70 per barrel as Organisation of Petroleum Exporting Countries, OPEC, intensifies efforts to withdraw excess oil from the volatile market. Specifically, the…
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In an effort to further consolidate the revenue profile of the Nigeria National Petroleum Corporation (NNPC), the Group Managing Director (GMD) Dr. Maikanti Baru and his management team have taken audacious steps to double investments base…
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