… Boost for Nigeria’s Oil Production, OML 13 Asset Eyes 80,000 bpd by End of 2025 In what has been described as a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the NNPC Ltd has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international…
Nigeria and its citizens are currently going through enormous pains as a result of the quest to emplace as close to a perfect market as can be in the downstream sector of the oil and gas industry. Over the years, a number of factors distorted the market, chief of which was the fuel subsidy regime….
The $550 million upstream gas project between the NNPC Ltd and TotalEnergies on the development of the Ubeta field has taken off, the Presidency announced on Tuesday. Special Adviser to the President on Energy, Olu Verheijen, disclosed this during an inaugural US-Nigeria Strategic Energy Dialogue, hosted by the U.S. State Department in Washington, DC. The…
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but…
When the news broke last week that an agreement was now in place that would see to NNPCL loading petrol from the Dangote Refinery, it came with a mix of joy and relief for some of us. Whereas the question of pricing was dominant in public discourse at the time, I didn’t think it was…
The NNPC Ltd has released estimated prices of Premium Motor Spirit (PMS), also known as Petrol (obtained from the Dangote Refinery) in its retail stations across the country. The NNPC Ltd also wishes to state that, in line with the provisions of the Petroleum Industry Act (PIA), PMS prices are not set by Government, but…
I am not sure what to make of the news that there is finally an agreement in place which will see NNPCL starting to load petrol from the Dangote Refinery from September 15th, which it will then push on to marketers for onward distribution to service points around the country. There is no doubt that…
The Nigerian National Petroleum Company Limited (NNPC Ltd) has refuted the claim by the Muslim Rights Concern, MURIC, that it is undermining the Dangote Refinery Limited (DRL). MURIC had claimed that the recent changes to the pump price of Premium Motor Spirit (PMS) will prevent the Dangote Refinery from offering lower prices and that NNPC…
..says PMS Prices are Determined by Free Market Forces. The Nigerian National Petroleum Company Limited (NNPC Ltd.) has stated that it is awaiting the September 15th timeline provided by the Dangote Refinery to commence the lifting of PMS from the Refinery. According to a statement by the Chief Corporate Communications Officer, NNPC Ltd. , Olufemi…
The Economist Intelligence Unit, EIU, has issued a warning that further delays in crude oil feedstock to the Dangote Petroleum Refinery and Petrochemicals could jeopardise Nigeria’s economic recovery and put additional pressure on the naira. The research and analysis division of the Economist Group said the Dangote refinery which began production in January has encountered…
