refineries
1 Nov
The National Association of Nigerian Students (NANS), yesterday, decried the recent scarcity of fuel in parts of the country, seeking immediate reversal to the old price of petrol and functional refineries.
25 Aug
Despite being shut down, there are indications that the Nigerian National Petroleum Company Limited (NNPC) may have left over N136 billion as operational deficits across its three refineries in Kaduna
8 Oct 2020
African Refiners & Distributors Association (ARA), has stressed the urgent need for countries on the continent to finance downstream projects, especially refineries, as part of measures to ensure cleaner air, and mitigate premature death.
9 Apr 2020
The Nigerian National Petroleum Corporation (NNPC) is to hand over the country’s four refineries to a private firm to manage them on Operations and Maintenance (O&M) basis.
25 Mar 2020
defining operations in Europe and elsewhere in the world are being curtailed as gasoline and jet fuel demand is falling off a cliff due to the enormous demand destruction
11 Sep 2019
The Federal Government yesterday, said Final Investment Decisions (FIDs) will be taken on at least four key projects within the nation’s oil and gas industry by the end of last quarter this year.
4 Jul 2019
The Nigerian National Petroleum Corporation (NNPC), yesterday, defended its role in the importation of Premium Motor Spirit, otherwise known as petrol, noting that its intervention has helped to check false claims for subsidy arising from smuggling of the product to neighbouring countries as well as demand for foreign exchange. According to the NNPC, activities of…
28 Jun 2019
A report that Nigeria’s four refineries are currently operating at just 5.55 per cent of their combined installed capacity of 445,000 barrels per day means that the refineries are barely producing 24,698 barrels per day, indicating gross under-performance, which demands the political will to sell the refineries at this time. This is not surprising, given…
21 Mar 2019
An increase in the number of new refining capacity, expected to extend till the end of 2024, signifies major competition ahead for the oil industry, with possible shutdowns, the International Energy Agency (IEA), said in its Oil 2019 Report. The IEA noted specifically that such a capacity expansion will require shutdowns to balance, estimating that…
21 Jul 2017
Nigeria’s refineries - the Port Harcourt Refining Company Limited Port Harcourt Refineries Corporation (PHRC); Kaduna Refining and Petrochemicals Company Ltd. (KRPC); and Warri Refining and Petrochemicals Company Ltd. (WRPC) realised N62 billion from refined products in May 2017.
5 May 2017
Kachikwu said this at the sideline of the 2017 Offshore Technology Conference (OTC) in Houston, Texas. He said that the country now has sizeable willing investment portfolio for the refineries...
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