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Petrocam Nigeria Limited has said it would build a refinery in-country only when the Federal Government fully deregulates the downstream subsector of the oil industry. The Chief Executive officer of the firm, Mr. Patrick Ilo, stated…
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Petroleum Minister, Dr. Ibe Kachikwu has challenged crude oil exploration and production companies operating within Nigeria to seek to raise output from the current 2.1m barrels a day to a whopping 7 million barrels within the foreseeable…
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The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said on Thursday that the Federal Government was working assiduously to ensure installation of gas filling plants in each of the 774 Local Government Areas in the country. …
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*Hints on signing PGIB in June The Minister of States for Petroleum Resources, Ibe Kachikwu, has dispelled reports that the federal government is willing to sell off its stake in the refineries, including the Nigerian National…
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...As NNPC denies inflating fuel import figures Lagos Chamber of Commerce and Industry, LCCI, has described fuel subsidy which the World Bank said cost Nigeria N731 billion in 2018, as the biggest fiscal burden currently staring the…
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The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday raised the alarm over the fear of a looming fuel scarcity. Its National Vice President, Alhaji Abubakar Maigandi, who spoke with The Nation in Abuja,…
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Nigeria is in the process of building the world’s biggest oil refinery. Many locals hope it will contribute to alleviating poverty in the country. Aliko Dangote’s idea is to produce 650,000 barrels of oil a day and refine it in Nigeria to…
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A total export sale of $265.15 million was recorded in December by the Nigerian National Petroleum Corporation (NNPC). The corporation’s 2018 financial report said the revenue is 60.34% lower than the previous month. Crude oil export…
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Petrocam Trading Nigeria Limited has unveiled its intentions about local refining saying that the firm does not have any plans of investing in refinery in Nigeria until there is deregulation. The company’s Admin and Sales Manager, Eyo…
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With only 18 per cent of total gas produced utilised locally, the Federal Government has advocated increase in volume made available for power generation and utilisation in industrial firms, especially as almost half of the domestic volume…
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