The Organisation of Oil Exporting Countries (OPEC) has stated that about $1.5 trillion worth of investment would be required in the downstream segment of the petroleum industry between now and 2045.
Petroleum refiners, marketers, distributors and other stakeholders in the downstream segment of Africa’s oil and gas industry will in the coming weeks, converge to seek leeway
The Federal Government, yesterday, said the country has no option to full deregulation of the downstream petroleum sector, insisting the masses will soon pay
Stakeholders in Nigeria’s petroleum industry have called on the Federal Government to fix the supply chain challenges in the downstream sector to allow the segment to operate efficiently.
Lamenting the continued increase in dues and charges paid by its members to the regulatory agencies and others, the Independent Petroleum Marketers Association of Nigeria
A Federal High Court sitting in Port Harcourt, Rivers State has convicted and sentenced five oil thieves to various jail terms in separate judgment for illegal dealings in petroleum products.
Petroleum marketers, under the aegis of the Tanker Drivers Association of Nigeria (TDAN), have directed their members to suspend the strike they embarked upon in the past week
The Economic and Financial Crimes Commission (EFCC), Port Harcourt Zonal Command, has arrested five suppliers of suspected illegally and poorly refined petroleum products
The Minister of State for Petroleum Resources, Timipre Sylva has called for synergy among agencies in the country to tackle the increasing smuggling of Premium Motor Spirit (PMS)
Lack of refining capacity in Nigeria for basic fuels and other petroleum products has left the nation dependent on the importation of lubricants, with yearly expenditure likely to exceed the $500 million benchmark...
Nigerian Independent Petroleum Company (NIPCO) Plc has said it would sustain its growth by exploiting opportunities in gas and petroleum products marketing, especially the deployment
The refusal of petroleum tanker drivers to key into the electronic call-up system has been identified as a major threat to the evacuation of cargoes from Lagos seaports.