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Tag: Refinery

Kaduna refinery to resume 60% production December – NNPCL
News

Kaduna refinery to resume 60% production December – NNPCL

The management of the Nigerian National Petroleum Company Limited has announced that the rehabilitation of the Kaduna Refining and Petrochemicals Company will be finalized by the close of 2024, following years of closure due to maintenance neglect. Mustafa Sugungun, the Managing Director of KRPC, made this revelation during a Monday oversight visit to the refinery […]

Dangote refinery urges NUPENG, PTD to resolve conflict
Oil and Gas

Dangote refinery urges NUPENG, PTD to resolve conflict

Dangote Refinery and Petrochemical Limited’s management has made a request for the leaders of the feuding National Union of Petroleum and Natural Gas and the Petroleum Tanker Drivers to resolve their differences. The PUNCH reported that the multibillion-dollar Dangote Refinery asked the two unions to “urgently work together to put their house in order and ensure a […]

NNPCL demolishes 34 illicit refineries
Oil and Gas

NNPCL demolishes 34 illicit refineries

Over the last week, the Nigerian National Petroleum Company Limited discovered and destroyed 34 illegal refineries in the Niger Delta. The NNPCL announced that, in relation to the several incidents of oil theft and pipeline sabotage last week, it had arrested no fewer than twenty people. The oil company said in a video posted on […]

Oil and Gas

Nigerian oil firms mandated to supply 483,000 bpd of crude oil to local refineries

The Nigeria Upstream Petroleum Regulatory Council has issued new regulations requiring oil producers to send around 483,000 barrels per day of crude oil to nearby refineries during the first half of 2024. This program is part of the efforts of Africa’s largest crude oil exporter to secure a steady supply for domestic processing. The Dangote oil refinery and […]

Domestic refining output falls by 92% - Report
News

Domestic refining output falls by 92% – Report

Bisola David The Statistical Review of World Energy 2023 report has noted that Nigeria’s local refinery output has decreased by 92% in ten years. According to The Punch, the report shows that output from the country’s four refineries has dropped from 92,000 barrels per day in 2012 to just 6,000 barrels per day in 2022. This represents […]

Oil companies get 26 divested licenses in 10 years
Oil and Gas

FG, refinery operators plan to meet domestic refining obligations

The Federal Government met with operators of domestic refineries on Wednesday to address concerns regarding crude oil availability for indigenous refiners like Dangote Refinery. The PUNCH reported that the Federal Government it clear that failing to satisfy the domestic crude commitments would result in national humiliation and therefore emphasized the need to provide crude to the Dangote refinery, which has […]

Fuel can sell for N200/litre with working refineries - IPMAN
News

Fuel can sell for N200/litre with working refineries – IPMAN

    The Chairman of the Rivers State Chapter of the Independent Petroleum Marketers Association of Nigeria, Joseph Obele, has urged the Federal Government to diligently proceed with the planned restoration of the country’s refineries. According to his statement, the price of Petroleum Motor Spirit (commonly referred to as petrol) would significantly decrease to below […]