Monday, 17th January 2022
Breaking News:


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...
3 Oct 2016
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
26 May 2016
Importers of petroleum products have called on the Federal Government to fully deregulate the downstream sector to enable more investments, which is expected ...
11 May 2016
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.


5 mins ago
Super Eagles Interim Coach, Augustine Eguavoen, has disclosed that he and the incoming national team manager, Jose Peseiro, are yet to meet at the ongoing Africa Cup of Nations.
8 mins ago
President of the Super Eagles Supporters Club, Vincent Okumagba, is leading a large delegation of Nigerians to Garoua, Cameroun, tomorrow, to strengthen the team’s support for the last group match against Guinea Bissau.
1 day ago
Reigning champions Algeria are in danger of an early exit from the Africa Cup of Nations after a shock 1-0 defeat at the hands of outsiders Equatorial Guinea in Douala on Sunday.
1 day ago
Real Madrid won the Spanish Super Cup by beating Athletic Bilbao 2-0 on Sunday as Luka Modric and a Karim Benzema penalty secured a comfortable victory in Saudi Arabia.
1 day ago
Sergio Oliveira was decisive on his Roma debut after scoring the penalty which gave his new team a 1-0 win over struggling Cagliari on Sunday, before leaders Inter Milan face a tough test at Atalanta.