Tag
NNPC
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has finalized an agreement with the Nigerian National Petroleum Corporation (NNPC) Limited to sell crude oil to Dangote refinery in local currency, the naira.
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Dangote Refinery is set to roll out its first shipment of Premium Motor Spirit (PMS), commonly known as petrol, today, Tuesday, September 3, Nairametrics has confirmed.
The Lagos-based Dangote Refinery has started processing premium motor spirit (PMS), commonly known as petrol, as the Nigerian National Petroleum Company (NNPC) Limited is set to become the initial exclusive buyer of its products.
The ongoing fuel scarcity has again intensified the demand for Premium Motor Spirit (PMS) production from Dangote Refinery, the world’s largest single-train refinery, drawing attention from both industry stakeholders and consumers.
The Nigerian National Petroleum Corporation (NNPC) has finally admitted that the debts owed international oil traders as a major factor in the ongoing fuel scarcity across the country.
Senator Heineken Lokpobiri, the Minister of State for Petroleum (Oil), has observed that the Nigerian National Petroleum Corporation (NNPC) Limited need to sell imported fuel above landing cost to combat smuggling.
The Nigerian National Petroleum Company (NNPC) Limited has announced its intention to engage private companies to oversee the operation and maintenance of its refineries in Kaduna and Warri.
The federal government has set up a committee to resolve the issue of supply to local refineries, including Dangote refinery.
Aradel Holdings Plc, an indigenous energy company, has entered a purchase agreement through its subsidiary, Aradel Energy Limited, to acquire a 100% interest in the Olo and Olo West marginal fields from TotalEnergies EP Nigeria and the Nigerian National Petroleum Company Limited (NNPC) for $19.5 million.
An anti-corruption group, the Centre for Accountability and Transparency (CAAT), has advised Matrix Energy Limited to backtrack from its alleged attempt to gag the media following reports of alleged substandard petrol importation into Nigeria by the oil firm.
The Chief Financial Officer of the Nigerian National Petroleum Company (NNPC) Limited, Umar Ajiya, has stated that the company is not opposed to asset sales as a strategy to boost profit margins and achieve higher returns in the near future.