There was a fire outbreak on Wednesday at the Dangote Petroleum Refinery in the Lekki Free Zone, Lagos. Reacting to the incident, the Chief Corporate Communications Officer of Dangote Group, Anthony Chiejina, disclosed in a statement sent to Vanguard that the fire has been contained and there is no cause for alarm. The statement read: “We have swiftly contained a …

President Bola Tinubu says Nigeria remains committed to a balanced approach to energy transition and still requires substantial investments in the oil and gas sector to meet the energy demands and economic needs of its population. Speaking at a meeting on Monday in Abuja with the Group Chief Executive of Standard Chartered Bank, Mr. Bill Winters, the President called for …

The Vice President of Oil and Gas, at Dangote Industries Limited, Devakumar Edwin, has accused International Oil Companies (IOCs), in Nigeria of doing everything to frustrate the survival of Dangote Oil Refinery and Petrochemicals. He said the IOCs were deliberately and wilfully frustrating the refinery’s efforts to buy local crude by jerking up the high premium price above the market …

The delivery date for the completion of the $700 million Obiafu-Obrikom-Oben gas pipeline project, popularly called OB3, has been shifted from March 2024 to August, as the Nigerian National Petroleum Company Limited (NNPCL) announced its readiness to complete the facility. On 28 February 2024, the Federal Government had declared that the project would be completed in March this year, a …

The repeated slump in Nigeria’s monthly oil outputs since January 2024 has resulted in a revenue loss of about N636.3 billion, according to Sunday PUNCH. Oil production data obtained from a Federal Government agency indicated that Nigeria produced 1.43 million barrels of crude oil (excluding condensates) in January this year, but this nosedived to 1.25mbpd in May. Figures obtained by …

The minister of information and national orientation, Mohammed Idris, has described the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project as a pivotal step towards unleashing the immense economic potential of Northern Nigeria. The minister spoke in Kaduna yesterday during a site visit to the River Kaduna AKK Gas Pipeline Project in the company of the minister of finance and coordinating minister of …

Independent marketers have lifted and distributed over 25 million litres of Automotive Gas Oil (AGO), popularly called diesel, produced by the Dangote Petroleum Refinery in less than three months after the plant started releasing AGO to the market. It was also gathered on Saturday that the registration of oil marketers with the $20 billion firm was still ongoing, as more …

The Founder of Dangote Group, Alhaji Aliko Dangote has revealed that both local and international criminal organisations, which he described as “mafia”, made repeated attempts to sabotage his $19bn refinery project located in Lagos. Speaking at the Afreximbank Annual Meetings, Dangote likened the oil cartels to a mafia stronger than the drug mafia hell-bent on maintaining their grip on the …

The Dangote Petroleum Refinery and Petrochemicals has announced that the supply date for Premium Motor Spirit (PMS) has been moved from June to mid-July. The President and chief executive officer (CEO) of the Refinery, Aliko Dangote, attributed the postponement to a slight delay but assured the public that by the second to third week of July, petrol from the Refinery …

NNPC Limited (NNPCL) has refuted media reports alleging that it inflated the ubsidy payments by N3.3 trillion. A report claimed that a forensic audit conducted by a global accounting firm, KPMG had uncovered a significant discrepancy in the fuel subsidy claims made by the national oil company. According to a report by iWitnessLive, the audit revealed that NNPCL inflated its …