NNPC may find it hard to explain spending fresh $1.8bn on refineries
There are emerging indications that the Nigerian National Petroleum Corporation (NNPC) may find it hard to explain before the aggrieved members of the House of Representatives, the viability of further expenditure on the country’s four refineries when their combined daily…
Underinvestment in technology killing old refineries—Siemens boss Tifase
Contrary to claims by several petroleum refining experts in government circle that first generation refineries have defiled all maintenance processes to remain inefficient, the Chief Executive Officer, Siemens Limited Nigeria, Onyeche Tifase, has stressed that only use of latest technology…
FG summersaults, ready to sell refineries commercially unviable
Contrary to previous pronouncements by the federal government that it has no plan to either sell or concession any of the four nation’s refineries, indications have emerged that there are fresh plans to put both Warri and Kaduna refineries on…
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…
