Electricity: Respite as Buhari, NASS postpone planned increase in tariffs
President Muhammadu Buhari and the leadership of the National Assembly have agreed on the need to delay the planned hike in electricity tariffs following a meeting at the presidential villa, Abuja on Tuesday.
The hike had been slated to!-->!-->!-->…
Read More...
Read More...
$2.8bn, 614km-Long AKK Gas Pipeline Project Must Succeed -BUHARI
President Muhammadu Buhari on Tuesday affirmed the Nigerian government's commitment to ensure timely delivery of the landmark Abuja-Kaduna-Kano Gas (AKK) pipeline project within budgetary allocation and specifications.
Speaking at the!-->!-->!-->…
Read More...
Read More...
Petro-Logistics: OPEC cut oil production by 1.25 million barrels per day in June
Estimates from the Petro-Logistics company to track tankers, concluded that OPEC cut oil production in June, by 1.25 million barrels per day from May levels, as part of the implementation of the agreement to reduce production in the OPEC +!-->…
Read More...
Read More...
Crude Oil Price Update – Trader Reaction to $39.36 to $39.63 Sets The Tone
If the upside momentum continues then look for buyers to make a run at the resistance cluster at $39.35 to $39.36
The U.S. West Texas Intermediate crude oil prices are trading higher, boosted by a weaker U.S. Dollar and!-->!-->!-->…
Read More...
Read More...
We’ll continue to provide guiding price to protect consumers ― PPPRA
The Petroleum Products Pricing Regulatory Agency (PPPRA), Sunday, insisted that it would continue to regulate the downstream petroleum industry, irrespective of the recent deregulation of the sector, to prevent petroleum products marketers!-->…
Read More...
Read More...
PMB Flags-off Construction of 614km Ajaokuta-Kaduna-Kano Gas Pipeline Tuesday
The Federal Government’s aspiration to boost domestic utilisation of gas in Nigeria will receive a boost tomorrow as President Muhammadu Buhari performs the Flag-off of the construction of the 40-inch x 614km Ajaokuta-Kaduna-Kano (AKK) Gas!-->…
Read More...
Read More...
Emirates Transport: 30% up in the volume of transported product
*989 thousand tons of petroleum products transferred to partners
Emirates Transport announced the transportation of more than 989 thousand tons of petroleum products within the framework of the transportation services it provides to!-->!-->!-->…
Read More...
Read More...
India’s Mundra LNG terminal gets 10th cargo
India’s newest LNG import facility at Mundra, Gujarat has received its tenth cargo of the fuel following the launch in January.
Mundra LNG terminal receiving 10th cargo (Image: Kumar Anand/GSPC LNG)
The 174,000 cubic meter TFDE LNG!-->!-->!-->!-->!-->…
Read More...
Read More...
Deregulation: Why FG will not hands-off downstream oil sector – PPPRA
…Insists it no longer fixes fuel price
The Petroleum Products Pricing Regulatory Agency (PPPRA), Sunday, insisted that it would continue to regulate the downstream petroleum industry, irrespective of the recent deregulation of the!-->!-->!-->…
Read More...
Read More...
Kyari pledges more transparency, accountability at NNPC
The head of the Nigeria National Petroleum Corporation promised “a new season of transparency and accountability”, pushing back against critics calling for the break-up of the state oil company as the country struggles to manage the!-->…
Read More...
Read More...

