Goodnews as IPMAN suspends planned strike
The leadership of the Independent Petroleum Marketers Association of Nigeria (IPMAN) has announced the suspension of a scheduled nationwide strike following a successful negotiation with the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC,) Dr. Maikanti Baru in…
NNPC dumps Lagos, 3 other depots after repairs, continues sales to private depot owners
Going by the recent rehabilitation of Lagos, Mosimi, Ibadan and Ilorin petroleum products depots at a huge cost on government, indication has emerged that the Nigerian national Petroleum Corporation (NNPC) has dumped the facilities only to consolidate supplies to private…
Power shortage hobbles Warri Refinery, NNPC shuts facility pending supplies
Following a trip off of gas turbine generators that supply power to the Warri refinery in Delta State earlier in the week, the 125,000 barrel per day (bpd) refinery has been shut down. The action is done to avoid colossal…
FG approves fresh refineries revival model targeting 90% efficiency in 24 months
As the 2017 Nigeria Oil and Gas Conference and Exhibition (NOG) ends today, the Federal Government has unveiled a new commercial model that may not be far from guided privatization by bringing in investors who can partner with government to…
Nigeria ripe for annual $10b investment in oil & gas sector—FG
Considering ongoing reforms in the nation’s oil and gas sector in the last two years, the Federal Government has revealed that the sector is now ready to attract on a yearly basis, a whooping $10 billion investment. The Minister of…
OPEC scribe hails FG over seamless exit from joint cash-call debt
The visiting Secretary General of the Organisation of Petroleum Exporting Countries (OPEC) and former managing director of Nigerian National Petroleum Corporation (NNPC), Dr. Mohammed Barkindo, has commended Nigeria for exiting the Joint Venture Cash Call debt. Cash calls is the…
From year 2000 to 2010, no refinery in Nigeria was given TAM—Ogbuigwe
More revelations have emerged on why the four national refineries may not come fully back to life after all. In an interview with a former general manager of the Port Harcourt Refinery and former President of African Refiners Association (ARA),…
