refineries

The Central Bank of Nigeria (CBN) on Monday said Nigeria spent 36.3 billion dollars on the importation of petroleum products between 2013 and 2017. The apex bank made the disclosure at a public hearing organised by House of Representatives’ Ad hoc Committee investigating … Read more via...

Eyes gas revolution for massive industrialisation, solid mineral development. The Delta state government yesterday said it would introduce three new modular refineries with 30, 000 per day capacity as part of measure to boost refinery and local production of petroleum products … Read more...

A former Director, Budgetary Department, Central Bank of Nigeria (CBN), Dr Titus Okunronmu, on Monday, advised the Federal Government to repair all the four refineries in the country. Okunronmu said in Ota, Ogun State, that the revamping of the nation’s refineries would increase domestic supply...

Ibe Kachikwu, minister of state for petroleum resources, says Nigeria is looking at privatising its refineries within 12 months. The minister, who doubles as the group managing director of Nigerian National Petroleum Corporation (NNPC), says his team is working with oil majors on improving the...

The Nigerian National Petroleum Corporation on Thursday announced that it had opened bids for the location of new refineries within the existing refineries in the country. The Chief Operating Officer, Refineries, NNPC, Mr. Anibo Kragha, disclosed this at the opening of the technical bids for...

Following the controversy generated by the declaration of the Minister of State for Petroleum, Dr. Ibe Kachikwu, that the current petrol shortages could last up to two months, the Nigerian National Petroleum Corporation (NNPC) has unveiled strategies to end the scarcity within the next few days...

Governor Udom Emmanuel of Akwa Ibom State has disclosed that three private refinery operators have indicated interest to start operations in the state just as he warned marketers against contravening the miscellaneous code which he said, is punishable by law. The Governor also advocated for the...

The Nigerian National Petroleum Corporation (NNPC) has continued on a losing pattern losing N184.2bn in the past four months. The state owned refineries produced zero percent for the month of October, the NNPC has disclosed. According to the NNPC financial operation monthly report for...