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Fuel queues returned to major parts of Lagos metropolis and the Federal Capital Territory yesterday, following announcement of an increase in the ex-depot price of petrol. Majority of the filling station visited by Daily Sun yesterday…
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The Managing Director of Petrocam Trading Nigeria Limited, Mr. Patrick Ilo, is optimistic that the future of global oil and gas industry is bright. Notwithstanding the COVID-19 pandemic, he is optimistic of a boost in the demand and…
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Oilserv Group, an oil and gas company in Nigeria has partnered with Innoson Vehicle Motors (IVM) company with the aim of supporting local production of vehicles to be used in the oil and gas operations. The Chairman/ Group CEO of…
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At least one part of the oil industry should be happy about OPEC+’s easing of production cuts beginning this month, and this part is refiners who have been forced to boost their intake of high-sulfur fuel oil to replace heavy crude their…
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The Nigerian National Petroleum Corporation (NNPC) has recorded an encouraging 43 per cent drop in cases of willful damage of its oil pipeline infrastructure by suspected oil thieves in May, 2020. The corporation, in a release by its…
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The United Bank for Africa, UBA, Plc has announced a $200 million facility support to boost Nigeria’s crude oil production capacity. The facility is part of a $1.5 billion Pre-Export Finance Facility provided by consortium of Nigerian…
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Construction of the $12 billion Dangote Refinery, which has the capacity to refine 650,000 barrels per day/bpd, has reached 71 percent completion stage. The Department of Petroleum Resources, DPR, stated this in its latest report-- List…
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Nigeria, Africa’s biggest crude oil exporter, has hiked the ex-depot price for Premium Motor Spirit (PMS) also known as petrol by N5.32 per litre. The country’s Pipelines and Products Marketing Company (PPMC), which is a subsidiary of…
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The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 per cent. The refining capacity of…
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The delay in reaching Final Investment Decision, FIDs, on some critical oil and gas projects has resulted in the shut in of over 750,315 of crude oil production in Nigeria. Nigeria’s bucket list of oil and gas projects where FID has…
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