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Nigeria launches six regulations for Midstream, Downstream petroleum sector

The new regulations are: Midstream and Downstream Petroleum Operations Regulations, 2023, Assignment or Transfer of License and Permit Regulations, 2023; Petroleum Measurement Regulations, 2023;. Gas Pricing and Domestic Demand Regulations, 2023; Petroleum (Transport and Shipment) Regulations, 2023 as well as  Natural Gas Pipelines Tariff Regulations, 2023.

Nigeria’s Fuel scarcity: President sets up 14-member committee

To further ensure sanity in the supply and distribution across the value chain, Sylva directed the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to ensure strict compliance with the government approved ex-depot and retail prices for PMS.

Nigeria’s Energy Editors demand immediate end to  fuel scarcity

NAEC ,therefore, recommends that NNPCL should ensure a transparent subsidy system that will allow the supply figures and cost templates that provide basis for subsidy claims to be verifiable.

NNPC adjusts pump price to N185, Oil majors N195 per liter 

ENERGY TIMES investigation revealed that most NNPC’s outlets in the Lagos metropolis have adjusted their pump prices to N185 per liter. 

Nigeria: Dialogue, negotiations for fuel price deregulation must begin now – MOMAN

Adeosun who was speaking at the quarterly webinar workshop organized for Energy Editors and correspondents, noted that as a country, Nigeria must begin the process of price deregulation to reduce this inefficient subsidy.

NMDPRA gives reason for long queues at Abuja filling stations

As part of measures to mitigate the situation, trucking via alternative routes is currently ongoing. The Authority assures the public that there are sufficient petroleum products inland.

Importation of petroleum products into Nigeria cease by mid-2023 -Kyari

He said that the combined output of Nigeria’s refineries being revamped and Dangote refinery would be enough to stop importation.

Nigeria’s Crude oil refiners meet NMDPRA

The discussion centered on ways to foster good relationship and the need for refiners to collaborate closely with the Authority.

Port Harcourt refinery to start production Q1 2023 at 60,000bpd

Italian company, TecnimontSpa, charged with the rehabilitation of Port Harcourt refinery records 1 million man-hour without a Lost Time Injury (LTI).

NNPC releases new pump prices of petrol, Lagos N169, Abuja N174

A breakdown shows that in the Southwest a pump price goes for N179 from N165 per liter, an increase of N14/liter, North West N184 per liter, an increase of N19/liter, North East N189/liter, N24/liter increase, South South N179/liter, an increase of N14/liter.

N165 pump price of petrol unrealistic now- MOMAN

The MOMAN chairman noted that there is some energy nationalism going on, leading to some major refining countries hoarding petroleum products like diesel for local use as was the case with COVID-19 vaccines, adding that some developing countries are subsidizing the cost, leading to widespread outages in those countries.

IPMAN assures of continuous sales of petrol at N165/liter

They made the pledge during a courtesy visit to the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) in Abuja
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Emefiele meets Tinubu at Aso Rock

Wale Edun, former Lagos Finance Commissioner; and James Faleke, a House of Reps member, were also at the villa.

Oil marketers endorse fuel subsidy removal, pledge minimal adjustments 

We once again laud President Tinubu for his bold vision and stand ready to collaborate with his administration in its effort to promote greater economic equality and prosperity for all Nigerians.

Firm unveils 20KG composite cooking gas cylinders to Nigerian Market

According to him, the 20kg LPG cylinder goes for N75,000 due to increase in foreign exchange and is also more competitive.

Allegation of illegal sale of 48m barrels of crude false, Malami insists

Recall that the minister took the same position when he first appeared before the panel on April 27, 2023 to give testimony.