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 …

The Federal Government and crude oil producers in the country have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system, according to statement on Wednesday by the Nigeria Upstream Petroleum Regulatory Commission (NUPRC). The commission said that the aim is to ensure that while the operators do business optimally, the refineries …

The Nigerian Navy, said on Wednesday, that it arrested three men at Ibaka in the Mbo Local Government Area of Akwa Ibom on Monday as they were ferrying 10,000 litres of petrol to neighbouring Cameroon. The Commanding Officer of the Navy Forward Operating Base (FOB), Ibaka, Navy  Captain Uche Aneke handed over the suspects, the boat, and the petrol to …

The Nigerian Army, 6 Division, on Wednesday, said it uncovered a massive illegal refinery camp and seized five million litres of stolen crude oil stored in a reservoir in Rivers State. The  General Officer Commanding (GOC), 6 Division, Maj.-Gen. Jamal Abdussalam said the illegal refinery was uncovered along the Mirinwanyi channel of the Imo River in the Komkom area of …

The Dangote Petroleum Refinery, on Monday, announced its readiness to commence production of refined petroleum products as it received the 6th batch of one million barrels of crude oil required by the plant for its initial operations. In a statement on Monday, the firm said, “Dangote refinery appears set to commence production of refined petroleum products with the receipt of …

The Dangote Petroleum Refinery, on Monday, received the fourth shipment of one million barrels of bonny light crude oil, supplied by the Nigeria National Petroleum Corporation Limited (NNPCL). A statement from the $20 billion firm stated that the oil company was expecting the fifth crude oil shipment soon. The plant had earlier received three shipments of crude oil, as officials …

Nigeria’s crude oil production rose to 1.351 million barrels per day in October 2023, up from the 1.347mbpd that was produced in the preceding month of September. Data released by the Organisation of Petroleum Exporting Countries (OPEC) showed that with the latest crude oil output, Nigeria retained its position as the largest oil producer in Africa. The country’s 1.347mbpd oil …

No fewer than 23 oil blocks managed by both international and local oil companies, which are under crude oil Production Sharing Contracts with the Nigerian National Petroleum Company Limited (NNPCL), failed to produce crude or were inactive, the Federal Government has said. It disclosed this in the latest Oil and Gas Industry Report for 2021 released by the Nigeria Extractive …