Algeria now refines sufficient fuel to meet domestic demand— Minister
…As Dangote votes 53% refinery capacity for petrol Algeria has set fresh African record of being the first in current generation to refine sufficient petroleum for its country. This was revealed Thursday by the newly appointed Energy Minister, Mohamed Arkab….
Latest African Oil and Gas Outlook for 2019 promising—AOW
Fresh report released by Africa Oil Week (AOW) in partnership with Menas Associates about what lies in store for Africa’s oil and gas industry has concluded that, on balance, the continent’s economic performance is promising. Their prediction is coming on…
Sinopec’s world largest atmospheric tower for Dangote refinery arrives next month
In the next one month, Dangote Refinery in Lekki will take delivery of completed furnace-like equipment that will process crude oil into series of petroleum products from Ningbo, China. According to a Citac analyst, Jeremy Parker, who spoke to Reuters,…
Not only in PH do filling stations under dispense 35% fuel—Lagos Motorists
Contrary to the news that broke yesterday by the Department of Petroleum Resources (DPR), that no fewer than 35 per cent of filling stations in Port Harcourt willingly adjusted their meters with intent to cheat unsuspecting customers, several motorists who…
NNPC: Clearing pipeline corridors that carry next to nothing?
The recent announcement by the Nigerian National Petroleum Corporation (NNPC) that the Army Engineering Corps was set to demolish illegal structures erected along the Port Harcourt-Aba-Enugu-Makurdi oil pipeline corridor, has started to record mixed reactions from Nigerians. Recall that in…
China’s refined products exports to Nigeria may affect Dangote refinery sales if…
Emerged signals that China will increase its petrol exports in July and August with products cargoes heading to Nigeria and Mexico, may pose sales challenges to Dangote Refinery target markets if the glut and conditions stretches till when Dangore refinery…
Total, Benin Rep agree on 15-year LNG Import Floating Terminal Deal
Barring any last minute shocks, French oil and gas giant, Total and the Republic of Benin through its energy department, the Société Béninoise d’Energie Electrique (SBEE) have signed a 15-year gas supply agreement using LNG import floating terminal. The 15-year…
LNG trains, 3,000MWs, 0.6mmt of LPG underway as NGFCP speeds up GFC
As the Federal Ministry of Petroleum Resources follows all needed due diligence in driving efforts towards Gas flare Commercialization (GFC) through the activities of the Nigerian Gas Flare Commercialization Programme (NGFCP), the Program Manager, Mr. Justice Derefaka has opened up…
FG ties electricity tariff hike to metering every consumer, improved supplies
Until every electricity consumer in Nigeria is metered with prepaid and public confirmation of improved service delivery to customers, there shall be no increase in electricity tariff. This was the position of the Ministry of Power, Works and Housing as…
Nigeria-Siemens power deal bungles W’Bank $1bn loan request?
More revelations have emerged from the latest power sector revival deal sealed between the presidency and the German power giant, Siemens on Monday. Whereas throughout the discussions, no mention of funding was made by either parties on how to source…
