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Breezy News Nigeria

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3 New Articles
  • 55 minutes ago Real Madrid, Man Utd top list of world’s most valuable football clubs – Forbes
  • 1 hour ago Tinubu mourns Kano sports contingent death, orders national emergency response to Mokwa flood
  • 1 hour ago Achi launches free readiness assessment tool, maturity framework to accelerate Africa’s AI adoption
Home Business Oil & Gas (page 10)

Oil & Gas

Port Harcourt refinery shuts down again after $1.5b rehabilitation

By Breezynews
21 December 2024
in :  Oil & Gas
0
27

Less than a month after the Port Harcourt Refining Company appeared to have resumed production, the facility has stopped working. According to Saturday PUNCH, who visited the refinery on Thursday, 19 December 2024, observed that the lifting of Premium Motor Spirit (petrol) had stopped. Saturday PUNCH gathered that the lifting of petrol actually stopped last Friday, 13 December, as the …

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IOCs divestment: Navigating regulations, unlocking growth opportunities for indigenous oil companies 

By Akpandem James
20 December 2024
in :  Oil & Gas
0
8

In recent years, international oil companies (IOCs) operating in Africa have been moving to sell off some of their assets and relocate to more profitable, environmentally and socially friendly operational landscapes. While some considered moving from one jurisdiction to another within the continent, others contemplated a complete exit. About 26 oil blocks were to change hands in the process, amid …

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Emulate Dangote Refinery – PETROAN tells NNPCL

By Breezynews
19 December 2024
in :  Oil & Gas
0
7

The Petroleum Products Retail Outlets Owners Association of Nigeria, PETROAN, has urged the Nigerian National Petroleum Company Limited, NNPCL, to slash its ex-depot price of Premium Motor Spirit, PMS, commonly known as petrol. The spokesperson for PETROAN, Joseph Obele, made this call in a statement on Thursday. This comes after Dangote Refinery reduced its ex-depot petrol price to N899.50 per …

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Dangote slashes petrol price to N899/litre to celebrate Yuletide 

By Breezynews
19 December 2024
in :  Oil & Gas
0
109

Dangote Petroleum Refinery has said that has reduced the price of its Premium Motor Spirit (PMS) (popularly known as petrol) to N899.50 per litre, as against N970. In a statement on Thursday, Group Chief Branding and Communications Officer of the oil major, Mr. Anthony Chiejina said: “Dangote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product …

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Petrol landing cost declined to N970 per litre – MEMAN

By Breezynews
19 December 2024
in :  Oil & Gas
0
16

In a sign of stability in the downstream sector, the Major Energy Marketers Association of Nigeria (MEMAN), has said that the landing cost of Premium Motor Spirit (PMS), also known as petrol declined marginally to N970 in December 2024, from N971 per litre in November 2024. This comes against the backdrop of a similar drop in the crude oil price …

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VAT removed from LPG, CNG – Customs confirms

By Breezynews
19 December 2024
in :  Oil & Gas
0
9

The Nigeria Customs Service (NCS) has announced the removal of Value Added Tax (VAT) on Liquefied Petroleum Gas (LPG) also known as cooking gas, and the Compressed Natural Gas (CNG). It also announced zero per cent import duty for the products. Its National Public Relations Officer, Mr. Abdullahi Maiwada broke the news in a press statement. The statement said: “In …

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NNPCL supported Dangote refinery establishment with $1bn loan – Official

By Breezynews
17 December 2024
in :  Oil & Gas
0
6

The Nigerian National Petroleum Company Limited has said it secured a $1bn loan backed by crude oil to support the coming on stream of the 650,000 barrels per day capacity Dangote Petroleum Refinery. It also stated that the firm facilitated the $3bn Gazelle loan as a critical intervention to help stabilise the federation’s foreign exchange crisis. The Chief Corporate Communications …

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In 5 months, customs seized N86.7m petrol in Adamawa, raked in N500m – Report

By Breezynews
17 December 2024
in :  Oil & Gas
0
5

In what border operations analysts have described as clinical engagements aimed at ending the protracted smuggling activities, the Nigeria Customs Service (NCS) disclosed it has generated over N500 million from petroleum smugglers across the country. Arewa PUNCH investigations revealed that the newly inaugurated customs special task force team called “Operation Whirlwind” generated the said amount following sting operations carried out …

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Reduce ex-depot price from N970/litre to N900, IPMAN urges Dangote 

By Breezynews
15 December 2024
in :  Oil & Gas
0
2

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has urged Dangote Refinery to consider reducing its ex-depot price from N970 per litre since the estimated cost of landing petrol on Nigeria’s shores has dropped to N900.28 per litre. Last 29 July, the Federal Executive Council (FEC) endorsed President Bola Tinubu’s proposal for the sale of crude to local refineries in …

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Naira-for-crude: IPMAN targets petrol price reduction

By Breezynews
15 December 2024
in :  Oil & Gas
0
2

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has sought a reduction in the price of petrol across the country. The group urged the Dangote refinery to consider reducing its ex-depot price from N970 per litre since the estimated cost of landing petrol on Nigeria’s shores has dropped to N900.28 per litre. President Bola Tinubu had during a Federal Executive …

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