Dangote’s 650,000 barrels-per-day (bpd) oil refinery project has been identified as one of the oil distillation companies that would boost global refining capacity by 6.9 million barrels per day between 2021 and 2026. The Organisation of the Petroleum Exporting Countries (OPEC), which made this disclosure in its 2021 World Oil Outlook released recently, said Africa’s […]
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The Nigerian National Petroleum Corporation (NNPC) says it recorded a total crude oil and gas export sales of $219.75m in May 2021, representing 180.29% increase on sales from the previous month of April 2021. This is contained in the May 2021 edition of the NNPC Monthly Financial and Operations Report (MFOR), according to a press […]
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The Board of Transnational Corporation of Nigeria Plc (Transcorp), Nigeria’s largest listed conglomerate, has today announced the appointment of Oliver Andrews to the Board, as an Independent Non-Executive Director. Mr Andrews brings over 35 years of experience in infrastructure development, public-private partnerships and strategic advisory working with regional and international institutions, international corporations and DFIs. […]
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Dangote’s $2 billion Petrochemical Plant located in Ibeju-Lekki, Lagos State, is designed to produce 77 different high-performance grades of polypropylene in the country. With a turnover of $1.2 billion, the 900,000 metric tonnes per annum capacity Dangote Petrochemical plant, situated alongside the Dangote Refinery, has been strategically positioned to cater to the demands of the […]
Read More Nigeria’s domestic gas penetration aspirations have received a major boost as the Nigerian National Petroleum Corporation (NNPC) and the Kaduna State Government have signed a Memorandum of Understanding (MoU) for utilisation and expansion of gas supply in the state. Speaking at the MoU Execution Ceremony which held Thursday at the Sir Kashim Ibrahim House in […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, on Wednesday received accolades from the House of Representatives Committee on Finance for providing detailed explanations on some burning Oil Industry issues at an interactive session on the 2022-2024 Medium Term Expenditure and Revenue Framework (MTERF) and Fiscal Strategy Paper (FSP). […]
Read More The Nigerian National Petroleum Corporation (NNPC), has projected a medium term base crude oil price scenario of $57 to a barrel for 2022; $61 for 2023 and $62 for 2024. The Group Managing Director of the corporation, Mallam Mele Kyari, made the disclosure in his presentation to the House of Representatives, according to a statement […]
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The leaders of Ogoniland in Rivers State under the auspices of the Ogoni Liberation Initiative have pledged to cooperate with the Nigerian Petroleum Development Company (NPDC) in the exploration and production of oil and gas resources in its territory. The Ogoni leaders made the pledge Tuesday at the Ogoni Liberation Day which held in Bori […]
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The Nigerian National Petroleum Corporation, NNPC, has disclosed its intentions to return to Ogoniland and commence oil exploration. The indication was given by its subsidiary, the Nigerian Petroleum Development Company (NPDC) Limited, on Monday when its Managing Director, Mr Ali Zara, spoke at an event organised by the Ogoni Liberation Initiative (OLI) in Bori, headquarters […]
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Road Transport owners across Nigeria have expressed optimism that the 650,000 barrels-per-day Dangote Petroleum Refinery would deepen the downstream sector and positively impact their businesses. The transporters, under the aegis of Nigerian Association of Road Transport Owners (NARTO) after a guided tour of the refinery Plant in Ibeju-Lekki area of Lagos, said they had no […]
Read More The Nigeria National Petroleum Corporation (NNPC), has hailed the recent Appeal Court judgment affirming its operatorship of the Oil Mining License 11 (OML 11), describing it as a huge victory for Nigeria and the beginning of addressing decades of host community restiveness. The Appeal Court sitting in Abuja on Monday upturned the August 23, 2019 […]
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The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has charged members of the Board of the NNPC Greenfield Refinery Limited (NGRL), to explore all available options to bring an end to the current challenge of petroleum products importation. Mallam Kyari gave the charge Thursday while inaugurating the Board of […]
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