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.

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.

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

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.

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…

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…

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…

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.

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...

Nigerian Air Force ( NAF) has some destroyed illegal refineries and barges in the Niger Delta, its spokesman Group Capt. Ayodele Famuyiwa, said in a statement in Abuja on Monday

Importers of petroleum products have called on the Federal Government to fully deregulate the downstream sector to enable more investments, which is expected ...

As part of strategies to end the fuel crisis, new refineries will soon be built, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, said yesterday.