BRUSSELS/LONDON, Nov 2 (Reuters) – Nigeria’s state oil firm NNPC Ltd will supply the new 650,000 barrel-per-day Dangote oil refinery with up to six cargoes of crude oil in December to be used in test runs, three industry sources with knowledge of the matter said. The refinery, funded by Africa’s richest man, Aliko Dangote, will…
The Independent Petroleum Marketers Association of Nigeria ,IPMAN has urged the Federal Government to leverage homegrown technology to address the refining challenges in Nigeria’s petroleum industry. In an interview with NAN on Tuesday, Mr. Chinedu Anyaso, the Chairman of IPMAN’s Enugu Depot Community overseeing Anambra, Ebonyi, and Enugu States, expressed his commendation for President Bola…
It is not uncommon to read reports of the destruction of illegal refineries in the Niger Delta region. Refinery. The appellation ‘illegal’ could have arisen from the fact that the crude oil being refined was stolen from the oil rigs or reserves; or probably because the refineries did not go through official company registration with…
A leading human rights activist, Annkio Briggs, yesterday, warned politicians from Niger Delta to stop trading the oil-rich region and the people for their private interests. The environmentalist, in a statement, said: “Niger Delta politicians should stop selling Niger Delta and the people for their political interests. This is the time for the Niger Delta…
Oil marketers, on Monday, said the foreign exchange crisis in Nigeria and the recent implementation of a 7.5 per cent Value Added Tax on Automotive Gas Oil, popularly called diesel, had pushed up the cost of the commodity to between N900 and N950/litre in many states. The development has made local manufacturers say that the…
Fighter aircraft of the Nigerian Air Force on Sunday destroyed illegal oil refinery and distribution sites operated by oil theft criminals in the Niger Delta. Director of NAF Public Relations and Information, Air Commodore Edward Gabkwet confirmed the strikes noting that NAF aircraft simultaneously decimated several criminal elements operating in various parts of the country,…
