Stop boasting with Dangote refinery, fix moribund refineries, Nigerians tell FG
Series of promotional comments bordering on the advantages of emerging Dangote Refinery in Lekki, Lagos State by the Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has attracted the anger of Nigerians who are pained by the failure of…
Silence over NNPC’s acclaimed contractor-financing option for refineries worrisome
Strong indications have emerged suggesting that the Nigerian National Petroleum Corporation (NNPC) and Ministry of Petroleum Resources may have run out of strategic ideas in the revival of the ailing four national refineries. This is based on the fact that…
Non-evacuation of electricity causing shut-in of gas producer wells—NNPC decries
Fresh reason has emerged as to why on a daily basis, over 500 million standard cubic feet of gas were being shut in by producers in the industry. The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr…
Jumping petrol landing cost at N205 may spark off crisis in downstream soon—Expert
Considering the skyrocketing landing cost of the Premium Motor Spirit (petrol) being imported into the country now at N205 per litre on the back of the recent increase in global oil prices, the federal government is now at crossroads on…
Egina FPSO: Samsung deepening corrupt tendency in Nigeria—Prof Oditah
Legal luminary and lead counsel to Lagos Deep Offshore Logistics Base (LADOL), Prof. Fidelis Oditah, has accused Samsung Heavy Industries (SHI) – a subsidiary of the Samsung Group, Korea of trying to entrench its corrupt tendencies in Nigeria. The accusation…
10 year wait for Final Investment Decision on Train 7 coming to end soon—NNPC
The Group Managing Director of Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru has given fresh indication that the log wait for Final Investment Decision (FID) on Train 7 which had been on since 2008 would soon be over. Business…
Nigerian motorists demand downward review of fuel price over ‘dirty fuels’
For more than five years, the federal government through the relevant industry regulators has been shifting the deadline for the end of importing dirty fuels which are known for very high sulphur contents. However, because the dirty fuels are coming…
Petroleum Tankers Drivers’ halt products loading over rift with Navy
Indications emerged Tuesday that contrary to the claims of the Nigerian National Petroleum Corporation (NNPC) that there are enough petroleum products to go round in case the National Union of Petroleum and Natural Gas Workers (NUPENG) goes on planned strike,…
Beyond NNPC claims of steady supplies, NUPENG may shut down key cities
At a time the Nigerian National Petroleum Corporation (NNPC) has allayed fears of possible hiccups in petroleum products supply in parts of the country on grounds of Nigeria Union of Petroleum and Natural Gas Workers’ (NUPENG) threat to commence an…
NNPC consolidates foothold on shipping business with ship refueling deals
As part of deepening business conglomerate, the Nigerian National Petroleum Corporation (NNPC) has unveiled plans to provide refueling services to ships and other ocean-going vessels via a new subsidiary. In a statement, spokesman of the Corporation, Mr Ndu Ughamadu, said…
