Oil & Gas

Senior Advocate Of Nigeria and Human Rights Activist, Femi Falana has said it is ‘illegal” for the state oil company, NNPCL to determine prices of Premium Motor Spirit also known as petrol after deregulation. A statement released by Falana on Tuesday said the action of the National Nigerin Petroleum Company …

The Independent Petroleum Marketers Association of Nigeria (IPMAN) says it doesn’t make sense for the Nigerian National Petroleum Company Limited (NNPCL) to sell petrol lifted from the Dangote Refinery higher than imported ones. IPMAN National Welfare Officer, John Kekeocha, stated this on Channels Television’s The Morning Brief breakfast programme on …

NNPC Limited has issued a reversed pricing template per litre for petrol bought from Dangote Refinery with the NMDPRA (Nigerian Midstream and Downstream Petroleum Regulatory Authority) fee reduced by half from N8.99 to N4.495. The other half has been charged to the Midstream and Gas Infrastructure Fund. Inspection fee of …

The Ibeju-Lekki based Dangote Refinery has officially distanced itself from the widely publicized claim by NNPC Limited that it loaded petrol from the refinery at N898 per litre. Management of the multi-billion naira refinery in a statement by Anthony Chiejina, Group Chief Branding and Communications Officer, described the claims as …

Nigerians on social media have started reacting differently to the lifting of Premium Motor Spirit (PMS), also known as petrol, from the Dangote Refinery by the Nigerian National Petroleum Corporation Limited (NNPCL). Tribune Online reports that the lifting of petrol from the 650,000 barrels-per-day refinery commenced on Sunday, 15 September …

The operatives of the Inspector General of Police Special Task Force on Petroleum and Illegal Bunkering (IGP-STFPIB), have once again made a significant breakthrough in the continuous fight against oil theft, illegal bunkering and economic sabotage. The milestone achievement was marked after the operatives, in collaboration with the department of …

The Nigerian National Petroleum Company Limited (NNPCL) has deployed over 100 trucks in Dangote Refinery to lift Premium Motor Spirit (PMS). The gantry of Dangote Oil Refinery and Petrochemicals in the Ibeju-Lekki area of Lagos has become a beehive of activity preparatory to loading of petrol on Sunday. The NNPCL …

Nigeria’s crude oil production increased from 1.307 million barrels per day in July to 1.352mbpd in August. According to the Organisation of the Petroleum Exporting Countries (OPEC) in its September Monthly Oil Market Report, the average daily crude production rose marginally by 45,000 barrels per day. Quoting information obtained through …

Oil marketers are concerned about the delay in announcing the price of Premium Motor Spirit, popularly called petrol, being produced by the Dangote Petroleum Refinery, as they noted that the landing cost of imported PMS is now about N1,120/litre. Dealers stated that a high PMS price from the Dangote refinery …

The Trade Union Congress (TUC) has called on the Central Bank of Nigeria (CBN) and the Nigeria Customs Service (NCS) to give a special foreign exchange rate to the Nigerian National Petroleum Company Limited (NNPCL). The TUC said with the NNPCL granted a special forex rate of about ₦1000/$ instead …