The Dangote Petroleum Refinery is going to need about N1.7 trillion worth of crude oil monthly following the directive of President Bola Tinubu mandating the Nigerian National Petroleum Company Limited (NNPCL) to sell crude to the plant and other domestic refineries in naira. On Monday, President Tinubu directed NNPCL to sell crude to the Dangote refinery and other upcoming refineries …

President Bola Tinubu has directed NNPC Limited (NNPCL) to sell crude to Dangote Refinery and other upcoming refineries in Naira. In a post via his official X handle on Monday, Special Adviser to the President on Information and Publicity, Mr. Bayo Onanuga said that the move, which is to ensure the stability of the pump price of refined fuel and …

As the scarcity of petrol worsens in Lagos and the Federal Capital Territory, the Nigerian National Petroleum Company Limited (NNPCL) and oil marketers have blamed the development on a disruption of supply at key depots in the two cities. Sunday PUNCH reports that some oil marketers and transporters in the two cities reduced the number of trucks they sent out …

The House of Representatives has vowed to call for the dismissal of the Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari, if he continues to work against the smooth operation of the Dangote Refinery. The Deputy Spokesman of the House, Philip Agbese, disclosed this on Saturday while briefing journalists in Abuja, the nation’s capital. This …

Oando Plc yesterday absolved itself from an allegation of owning any form of interest in Maltese Oil Storage and Blending Facility- Ras Hanzir Oil Terminal Limited In a statement by its Company Secretary, Ayotola Jagun, a copy of which was made available to newsmen, Oando stated such claims remain untrue. According to the statement, Oando maintained that it conducted a …

The NNPC Limited (NNPCL) is set to hire more workers. The NNPCL spokesperson, Olufemi Soneye, confirmed this in a statement on Friday. Soneye said the recruitment would be for various positions across various departments within the energy company. He directed interested applicants to visit the NNPCL careers page for application instructions. “NNPC Ltd is pleased to announce that we are …

The Federal Government has spent over $1.5 billion from 2020 to date to protect the nation’s oil installations and curb crude oil theft. The Secretary of the Government of the Federation (SGF), George Akume, made this known on Thursday at a public hearing of the House of Representatives on crude oil theft. Akume was represented by the Permanent Secretary, General …

Owners of local refineries in Nigeria, including the Dangote Petroleum Refinery, say they can help the country stop the importation of refined petroleum products in 18 months if the Federal Government works with their plans. The refiners, who spoke under the aegis of the Crude Oil Refiners Association of Nigeria (CORAN), said there are other refineries at different stages of …

The Nigerian Upstream Petroleum Regulatory Commission (NUPRC), on Wednesday, inaugurated the metering audit and advanced cargo declaration project teams following the recent approval for the implementation of two key projects by the Federal Executive Council. The projects are the Audit of Upstream Measurement Equipment and Facilities in the Nigerian Oil and Gas Industry and the Advance Cargo Declaration Solution. The …

The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, Mallam Mele Kyari has said he does not own a blending plant outside Nigeria. Kyari stated this on Tuesday, reacting to claims by the President of the Dangote Group, Alhaji Aliko Dangote, that some officials of the NNPC have blending plants in Malta. Amid the crisis surrounding his …