At $150,000, refinery licensing fee still discouraging—Experts
Discordant voices have started trailing the review of fees for granting Licence to Establish (LTE) and Licence to Operate (LTO) of a petroleum refinery put at $150,000 by the Department of Petroleum Resources (DPR). Though the agency review of its…
New rule on cleaner fuel by July may spark off pump price hike soon—Survey
The chances of the Nigerian National Petroleum Corporation (NNPC) to begin to import less sulphur content come July, the agreed terminal date for end of dirty fuel are looking very slim considering paucity of fund which may force it to…
How IOCs failed to pay $14.3b penalty for gas-flaring to FG in 8 years
Fresh figures from the Department of Petroleum Resources (DPR) and Nigerian National Petroleum Corporation (NNPC) have shown that International Oil Companies (IOCs) failed to pay about $14.298 billion between April 2008 and October 2016 as penalty for gas-flaring to the…
