Tag: Refiners

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Marketers, refiners urge complete removal of subsidies

In a significant industry development, Nigeria’s petroleum marketers, refiners, and depot owners have called for the full deregulation of the country’s downstream oil sector. This move aims to eliminate government-imposed price controls and subsidies. The Major Energies Marketers Association of Nigeria, alongside the Depot and Petroleum Products Marketers Association of Nigeria, Crude Oil Refiners Association […]

Oil companies get 26 divested licenses in 10 years
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Foreign refiners use credit facilities to attract marketers

International crude oil refiners have begun to provide credit facilities in an effort to help Nigerian oil marketers get past the difficulty of the country’s cash shortage. According to The Punch, a source stated that foreign refiners decided to offer credit facilities to Nigerian oil marketers because they were concerned about losing one of their key […]