Domestic refineries in the country, mainly the 650,000 barrels-per-day capacity Dangote Refinery, have raised their crude oil requirements from Nigeria’s oil-producing companies to 597,000 for the second half of this year, up from 483,000 barrels per day in the first half. This is according to a statement from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and reported by Reuters on …

Ever since the Dangote Refinery began production late last year, it has faced numerous challenges. It has been in conflict with many major players in the oil and gas industry, including the national oil company, Nigerian National Petroleum Company Limited (NNPC Ltd.), as well as the two industry regulators: the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) and the Nigerian Midstream/Downstream …

The Inspector-General of Police Special Task Force on Petroleum and Illegal Bunkering has recovered 250,000 litres of crude oil and 350,000 litres of Automotive Gas Oil during operations conducted across the country in July. Additionally, the task force recovered 13 trucks and arrested 17 individuals in various operations nationwide. Among the 17 suspects were members of a syndicate smuggling petroleum …

When the Dangote Refinery issue controversy blew up, naturally as someone wired to support anyone l perceive to be oppressed, this time, Dangote, l lined up in support of the richest man in Africa. I perceived he was being unduly treated by the downstream and midstream regulators, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA). For days, l had …

The Joint Taskforce Operation (JTF) Delta Safe in the Niger Delta has said daily crude oil output has reached 1.7 million barrels per day. Additionally, it said the international oil companies are operating at maximum production capacity with all three major oil pipelines achieving 100 flow. The Coordinator of OPDS Joint Media Campaign Centre, Major K.O Owolabi, disclosed this in …

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 …

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 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 …

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 …