Mkpoikana Udoma 14 June 2017, Sweetcrude, Port Harcourt – A group known as Pan Niger Delta Youth Leadership Forum has…
Browsing: Warri Refinery
He stated that so far, no financier had been selected for the refineries as planned, adding that what had happened was that advertisements were placed in some national and international newspapers in April last year seeking financiers to fund, rehabilitate and jointly operate the refineries.
Sam Ikeotuonye 07 June 2017, Sweetcrude, Lagos – Seplat Petroleum Development Company Plc, a Nigerian independent oil and gas exploration and…
While the decline in production in other OPEC countries within the period under review could be attributed to quota allocation by OPEC, Nigeria’s decline was mainly due to infrastructure vandalism, which made it impossible for the country to meet its OPEC quota of 2 million barrels per day.
Kragha said, “Because of what is happening and the global trend, President Muhammadu Buhari gave approval for strategic investments to be made in the refineries. So, the investment model is basically this way: strategic investors who can bring refining expertise and funding will partner local players with downstream experience to actually go into the refineries, invest money and within 24 months to get us to 90 per cent capacity utilisation.”
02 March 2017, Sweetcrude, Abuja – The Nigerian National Petroleum Corporation, Wednesday, stated that it had shut down the Warri refinery,…
Kunle Kalejaye 30 January 2017, Sweetcrude, Lagos – The Depot and Petroleum Products Marketers Association, DAPPMA, has blamed the scarcity of…
This plea comes on the heels of reports that some motorists have begun panic buying of petrol, following rumours that the government is about to increase the pump price of the white product from N145 per litre.
While pledging its commitment to sustain the prevailing harmonious relations with industry unions, the NNPC urged Nigerians not to engage in panic buying as there is adequate supply of white products to meet their needs nationwide.
Already, nine companies have submitted bids for co-location of new refineries within the complexes of Nigeria’s three existing refineries in Kaduna, Warri and Port Harcourt, which are expected to increase the nation’s refining capacity from 445,000 barrels per day (bpd) to 650,000bpd.
