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Lokpobiri Speaks On Shortage Of Crude For P/Harcourt Refinery, Others

Lokpobiri Speaks On Shortage Of Crude For P/Harcourt Refinery, Others

Heineken Lokpobiri, the Minister of State for Petroleum Resources (Oil) on Tuesday expressed concern that the recently opened Dangote Petrochemical Refinery, Port Harcourt Refinery, Warri Refinery, Kaduna Refinery, and modular refineries may not have access…

Otedola Congratulates Dangote As $20bn Refinery Commences Production

Otedola Congratulates Dangote As $20bn Refinery Commences Production

Nigerian billionaire business mogul, Femi Otedola congratulated his friend and multi-billionaire, Aliko Dangote, as his refinery commences production on Saturday, December 9, 2023. Otedola took to his verified X account on Sunday, December 10, to…

Dangote Refinery To Start With 350,000bpd Crude – CEO

Dangote Refinery To Start With 350,000bpd Crude – CEO

Dangote Refinery has secured its first cargo deal of about 6 million barrels ready for delivery, even as the much-anticipated project begins with 350,000 barrels a day from December 2023. The founder and Chief Executive…

FG To Produce 2m Barrels Of Crude Oil Per Day By 2024

FG To Produce 2m Barrels Of Crude Oil Per Day By 2024

President Bola Ahmed Tinubu-led government has revealed a plan to raise the nation’s crude oil production to a minimum of two million barrels per day by 2024. This is as the Federal Government said it is…

Army Destroy Illegal Refinery In Delta

Army Destroy Illegal Refinery In Delta

The troops of the Nigerian Army on Thursday destroyed a massive illegal refinery in Delta State, New Telegraph reports. The Brig. Gen. Onyema Nwachukwu, Director of Army Public Relations disclosed this in a statement issued…

Missing $2.4bn Crude Oil: Malami, Lawmakers Bicker

Missing $2.4bn Crude Oil: Malami, Lawmakers Bicker

The House of Representatives Committee investigating missing $2.4 billion crude oil on Thursday, grilled the Attorney-General of the Federation and Minister of Justice, Abubakar Malami once again. During the grilling session, the lawmakers questioned Malami…

We’ll Commence All Petroleum Production By July – Dangote

We’ll Commence All Petroleum Production By July – Dangote

The Chairman of the Dangote Group, Aliko Dangote has stated that the market will receive the first batch of petroleum products from the refinery before the end of July. Speaking on Monday during the commissioning…

Don’t Depend On Crude Oil, Okonjo-Iweala Warns Incoming Govs

Don’t Depend On Crude Oil, Okonjo-Iweala Warns Incoming Govs

Dr Ngozi Okonja-Iweala, the Director-General of the World Trade Organisation (WTO) has advised the incoming Governors-elect not to depend on crude oil as a source of revenue in their territory. Speaking during the induction of…

Crude Oil: Nigeria earns N21.01trn as sales rise by 46.1%

Crude Oil: Nigeria earns N21.01trn as sales rise by 46.1%

Nigeria made a total of N21.01 trillion from crude oil sales in 2022, according to Fourth Quarter 2022 data released by the National Bureau of Statistics. This is an increase of 46.41 per cent when…

We’re determined to end crude oil theft –FG

We’re determined to end crude oil theft –FG

The federal government has promised to deploy both technological and security personnel to end crude oil theft in the country. Already, the campaign is yielding result with the arrest of 210 suspects and confiscation of…