• December 5, 2024
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Breaking: Sanwo-Olu Signs Lagos Electricity Bill Into Law To Boost Power Supply

Breaking: Sanwo-Olu Signs Lagos Electricity Bill Into Law To Boost

December 3, 2024

Lagos State Governor Babajide Sanwo-Olu has officially signed the Lagos Electricity Bill 2024 into law. This legislation represents a significant step towards the state government’s objective of delivering a 24-hour electricity supply across Lagos, marking a major advancement in its power sector reforms. The bill follows the 2023 decision by the Federal Government to grant […]Read More

Libya Hits Record Oil Output of 1.59mbpd Amid Political Stability

Libya Hits Record Oil Output of 1.59mbpd Amid Political Stability

December 2, 2024

Libya’s National Oil Corporation (NOC) has announced a new production record, reporting daily output of 1,386,030 barrels of crude oil and condensate, alongside 203,017 barrels of oil equivalent (boe) from gas. This brings the country’s total production to 1,589,047 barrels per day, marking a significant achievement for the oil-rich nation. The announcement coincides with stable […]Read More

Port Harcourt Refinery Scales Down Operations for Upgrades, Assures Ongoing Fuel Distribution

Port Harcourt Refinery Scales Down Operations for Upgrades, Assures Ongoing

December 1, 2024

The Port Harcourt Refining Company has clarified that its operations have not been fully suspended but scaled down to facilitate ongoing upgrades at the facility. Moyi Maidunama, Executive Director of Operations at the Nigerian Pipeline and Storage Company Limited, disclosed this on Sunday during a guided tour of the refinery led by the company’s Managing […]Read More

NNPC Refutes Inactivity Claims at Port Harcourt Refinery, Confirms 90% Production Capacity

NNPC Refutes Inactivity Claims at Port Harcourt Refinery, Confirms 90%

November 29, 2024

The Nigerian National Petroleum Company (NNPC) Limited has addressed claims made by a community leader from Alesa, Rivers State, who alleged that the Port Harcourt refinery is not producing petrol. NNPC clarified that the refinery is currently operating at 90% capacity, producing Straight-Run gasoline (naphtha), which is blended into 1.4 million litres of Premium Motor […]Read More

PETROAN: Port Harcourt Refinery’s Petrol Price ₦75 Higher Than Dangote Refinery

PETROAN: Port Harcourt Refinery’s Petrol Price ₦75 Higher Than Dangote

November 27, 2024

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has revealed that the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery. Joseph Obele, public relations officer of PETROAN, revealed that petrol supplied […]Read More

Port Harcourt Refinery Resumes Crude Oil Refining

Port Harcourt Refinery Resumes Crude Oil Refining

November 26, 2024

The Port Harcourt refinery, is set to resume crude oil production after several missed deadlines and a long period of rehabilitation exercise. The rehabilitation exercise worth $1.5 billion was approved by the Nigerian government in 2021 for the refinery with a combined 210,000 barrels per day capacity. Announcing the preparedness of the refinery for production […]Read More

Full privatisation of Port Harcourt, Kaduna, Warri Refineries Underway – Presidency

Full privatisation of Port Harcourt, Kaduna, Warri Refineries Underway –

November 25, 2024

The Nigerian presidency has revealed plans to fully privatise the country’s state-owned refineries, including the Port Harcourt, Warri, and Kaduna facilities are underway. Sunday Dare, the President’s special adviser on media and public communications, posted this update in a statement posted on Sunday via his official X (formerly Twitter) account. The bulletin outlined key achievements […]Read More

Dangote Refinery Cuts Petrol Price to N970 per Litre in Year-End Gesture

Dangote Refinery Cuts Petrol Price to N970 per Litre in

November 24, 2024

Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to N970 per litre from N990/litre. In a statement released by Anthony Chiejina, the Dangote Group’s chief branding and communications officer, this price cut will take effect immediately for oil marketers. The statement described the […]Read More

Dangote Refinery Resumes Crude Imports From US

Dangote Refinery Resumes Crude Imports From US

November 21, 2024

The Dangote Refinery, Africa’s largest, has resumed importing crude oil from the United States after a three-month hiatus. This move comes as the refinery continues to ramp up its production capacity and meet growing domestic and regional fuel demand. Bloomberg reported on Wednesday that the cargo conveying two million barrels of WTI Midland crude from […]Read More

NNPC’s Utapate Crude Blend Hits Global Market, Targets 80,000bpd by 2025

NNPC’s Utapate Crude Blend Hits Global Market, Targets 80,000bpd by

November 20, 2024

The Nigerian National Petroleum Company (NNPC) Limited has officially introduced the Utapate crude oil blend, its latest crude oil grade, before the international crude oil market. A development that could pose a significant boost to Nigeria’s volatile crude production, revenue generation, and economic growth efforts. Utapate crude oil blend is the latest offering from NNPC […]Read More

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