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 …

The President of the Dangote Industries Limited (DIL), Aliko Dangote, has called on the House of Representatives to investigate the quality of diesel and petrol at filling stations. Dangote made the call yesterday when he received the leadership of the House of Representatives led by Speaker Tajudeen Abbas and his deputy Benjamin Kalu in his refinery located at Ibeju-Lekki, Lagos. …

The importation of refined petroleum products into Nigeria is going to continue alongside the production of the commodities by the Dangote Petroleum Refinery to prevent monopoly and ensure energy security, the Federal Government has declared. It warned against being over-dependent on the $20 billion refinery located in the Lekki Free Zone in Lagos, stressing that the demand by the refinery …

The landing cost of Premium Motor Spirit (also known as petrol) was N1,117/litre as of Tuesday, according to the Major Energies Marketers Association of Nigeria (MEMAN). During a webinar with journalists on Wednesday, MEMAN revealed that the landing cost of diesel was N1,157/litre, while that of aviation fuel was N1,127/litre. The N1,117 landing cost of petrol is far above the pump …

The National Assembly has thrown its weight behind NNPC Limited’s ongoing efforts to boost crude oil production and grow its reserves, saying it will consider stiffer consequences for crude oil thieves and vandals of the nation’s critical hydrocarbon infrastructure. According to a statement by the Chief Corporate Communications Officer NNPC Limited, Mr. Olufemi Soneye on Tuesday, after the National Assembly’s …

The Group Executive Officer of the Nigerian National Petroleum Company Limited, Mele Kyari on Tuesday said President Bola Tinubu has given marching orders to the Chief of Defence Staff, General Christopher Musa, to curb oil theft and vandalism in the Niger Delta region within the shortest possible time. According to him, the menace has become a national issue that needs …

The Chief Executive Officer of Dangote Refinery, Aliko Dangote, has revealed that the Nigerian National Petroleum Corporation no longer owns a 20 per cent stake in the refinery. Dangote said this while briefing journalists in Lagos State on Sunday. He said, “NNPC no longer owns a 20% stake in the Dangote refinery. They were met to pay their balance in …

Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing. Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have repeatedly raised concerns about the low …