Valuechain - Nigeria's foremost Online Energy News Platform

Production of petrol by modular refineries in the country may not commence unless a clear pricing template for pricing locally refined petrol is agreed upon by the investors and government agencies to pave the way for a more competitive…
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• Cost of production, investment, hurdles cast shadow to 40b reserves• Stakeholders pick holes, say $500m signature bonuses an economic buffer • Bid more of ability to pay than play, says Iledare About $7 billion (N3 trillion)…
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By Teddy Nwanunobi Chinese XCMG Construction Machinery will be working together with Dangote Industries Limited on the world’s largest oil refinery project to be located at Lekki Free Zone in Lagos State, and has already deployed a team…
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...Hails Kyari's reforms at the Corporation A group under the auspices of Nigeria Reforms Support Forum (NESF) has alleged that some top management staff of the Nigerian National Petroleum Corporation (NNPC) are eyeing and  lobbying for…
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The Federal Government has said a policy on the operations of artisanal refineries in the country would soon be unveiled. The Senior Special Assistant to the President on Niger Delta Affairs, Senator Eta Enang, explained that the policy…
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By Teddy Nwanunobi Nigeria still retained its position as the 5th biggest crude oil supplier to India, as Africa’s share in India’s oil imports surged to a seven-month high in April. The United States, however, suffered a heavy blow,…
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The Department of Petroleum Resources (DPR) yesterday concluded the 2020 marginal oilfield bid round, the first successful bid since 2003 when 24 assets were put on offer. The process, which culminated in the presentation of letters to…
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LONDON (Bloomberg) --OPEC+ stuck to its plan to hike oil output in July, but Saudi Arabia’s energy minister kept the market guessing as to whether the group will add more supply later this year to keep pace with the accelerating global…
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By Hilary Ojeh The UNICORN Incubation Campus, reputed to be Africa's largest incubation campus, was commissioned by the Honourable Minister of State for Petroleum Resources Chief Timipre Sylva on Tuesday in Lagos.The mission is to…
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The N250 billion gas expansion fund set aside by the Central Bank of Nigeria (CBN) to ramp up the production and consumption of Liquefied Petroleum Gas (LPG) is capable of significantly improving the overall industry output, some industry…
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