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 Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has refuted social media speculations suggesting that certain international oil companies (IOCs) have completed the sale of their assets to some indigenous companies, noting that the assets cannot be deemed sold yet. In a public notice on Friday, the commission’s Chief Executive Officer, Mr. Gbenga Komolafe clarified that oil and gas assets in …

The Senate committee on the Niger Delta Development Commission (NDDC) has frowned at the failure of the Federal Government and the International Oil Companies (IOCs) to remit N1 trillion funds owed the commission. At an interactive session with NDDC  management, the committee chairman, Senator Asuquo Ekpeyong (APC, Cross River South) said: “It seems as though the NDDC has revenue issues, …