Tuesday, January 31, 2023
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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

Bridging claims, freight: FG pays N74bn to Marketers

The Authority in a statement, explained that the Authority paid N71,233,712,991 bridging claims and another N2,736,179,950.84 freight differentials to the Marketers as at 6th June, 2022

Reps to probe NNPC fuel subsidy claim of N2trn

In his motion, Ogun said he was informed that as of 2002, the NNPC purchased crude oil at international market prices, which stood at 445,000 barrels per day.

For selling 1m liters of Oleum lubricants

The duo, Chucorl Nigeria Limited, and Ade De Young Auto Limited who met and exceeded the set target in the distribution of OLEUM lubricants were awarded OLEUM branded trucks at the ceremony.

MOMAN offers solution to Nigeria’s current fuel scarcity

MOMAN, as an Association, fears that the current supply framework cannot guarantee steady and consistent supplies to the country given the current state of Government finances and unpredictable international supply shortages.

Fuel scarcity: Depot owners pledge allegiance to NNPC

Also decried high cost of operating their various fuel depots, astronomical increases in the cost of diesel used to power equipment and machinery in various depots and  retail outlets.

Oil marketers shut stations, want increase in pump price

Akinrinade said while the government had fixed N165 per litre as the pump price of Premium Motor Spirit (PMS), the current realities in the market showed that the minimum the product should be retailed at the stations should be N180.
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Transcorp Power adds 138MW to national grid, commissions rehabilitated GT Unit 20

Chief Executive Officer, Transafam Power Limited, Engr. Vincent Ozoude, expressed delight about the newly rehabilitated unit, which is able to power up to 100,000 homes in a year. 

Fuel scarcity: Oil workers threaten action, want fuel available at approved price

The union in a statement, urged the NMDPRA to compel all marketers and retailers to make the products available at approved price. 

Friesland Campina reconnects to Ikeja Electric after 22 years 

According to the Acting Head of Corporate Communications Ikeja Electric, Kingsley Okotie, the reconnection of Friesland Campina back to the grid was achieved through relentless effort of the Business Optimization team of Ikeja Electric.  

Egbin Power, Sahara Foundation upgrade Ijede Police station

The project, according to a statement, is in keeping with Egbin Power’s commitment to enhancing infrastructure development, socio-economic growth, and effective policing to promote safety and security in the company’s host communities.