Valuechain - Nigeria's foremost Online Energy News Platform

"$450 billion out of this amount would be invested in new refinery projects and expansions of existing units" Despite fears in some quarters that fossil fuel will become irrelevant in some years, the Organisation of Petroleum…
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The Nigerian National Petroleum Corporation, NNPC, has averted what would have led to a bleak Christmas after it took a hard decision to revert to naira denominated invoices for excess capacity for coastal movement using import and…
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The Minister of State for Petroleum Resources, Timipre Sylva has said that the Federal Government has earmarked the sum of N250bn to assist Nigerians who are willing to invest in autogas assembly plants. He made the assertion on…
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“We do not know what is happening in this country and nobody is saying anything concerning the fuel scarcity” Fuel scarcity is gradually biting hard in Damaturu and other parts of Yobe State with the resurfacing of long queues in…
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OPEC and its oil-producing partners have rebuffed President Joe Biden’s calls for increased production amidst rising fuel prices, retorting that if the United States believes the world’s economy needs more energy, then…
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"They sold their products in 10-litre Jerry cans at a price between N2,000 and N2,500 to motorists who could not stay in queues at filling stations" Black marketers of petrol surfaced in parts of the Ilorin metropolis on Tuesday as…
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"They were already out of business because of the rising costs of trucks and spare parts in the fuel haulage sub-sector of the economy" Fuel PumpThe Borno and Yobe States’ chapters of the Independent Petroleum Marketers Association…
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The Federal Government, Nigerian National Petroleum Corporation (NNPC) and Shell Petroleum Development Corporation (SPDC) are working together with a view to producing three billion standard cubit feet of gas per day from four projects…
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The Group Managing Director (GMD/CEO) of the Nigerian national Petroleum Company, NNPC Ltd, Mallam Mele Kyari, has been commended for transforming the fortunes of the NNPC from a position of loss-making into a profit- making…
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"Harnessing Nigeria’s vast gas resources was key to developing the country" …The multinational oil company has also provided access to nearly $1.5 billion in loans to 764 Nigerian vendors under the Shell Contractor Support Fund …
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