The Nigerian National Petroleum Corporation on Sunday said that its refineries in Port Harcourt, Warri and Kaduna were now supplying 60 per cent of the Dual Purpose Kerosene being consumed in the country. This, it said on Sunday, was in line with the 2019 target date by the Federal Government to stop the importation of […]
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The Federal Government yesterday said that there was no arrangement to concession the Port Harcourt Refinery. The government also revealed that the planned revamping of the refinery would cost the country about $300 million. Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, made the disclosure at a sitting of the Senate Ad-hoc Committee on […]
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The Nigeria Union of Petroleum and Natural Gas Workers has vowed to shut down the oil sector if the Federal Government fails to rescind its decision on the sale of the Port Harcourt Refining and Petrochemical Company to Oando Plc. The union alleged that the government had ignored the recent resolution by the Senate, which […]
Read More The Senate, yesterday, ordered the Federal Ministry of Petroleum Resources and the Nigerian National Petroleum Corporation (NNPC) to halt further action or planned concession of the Port Harcourt Refinery to Agip and Oando. In a motion sponsored by Senator Sabo Mohammed and tagged, “Non-Transparent Transaction relating to the planned concession of the Port Harcourt Refinery […]
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A Memorandum of Understanding between Italian oil giant ENI and Nigerian National Petroleum Corporation was signed in Rome yesterday, with ENI committing to the refurbishment of the Port Harcourt Refinery. The company also agreed to build Phase 2 of Okpai Power Plant and to further invest in Nigeria’s Oil and Gas industry. The Minister of […]
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