*To operate with 20% of profits *80% goes to shareholders *IPMAN faults move over state of local refineries Chuks Isiwu &…
Browsing: local refineries
OpeOluwani Akintayo Lagos — The Major Oil Marketers Association of Nigeria, MOMAN has said prices of petroleum products would not…
Sam Ikeotuonye Lagos — Oil industry workers in the country have again recommended the Nigerian Liquefied Natural Gas, NLNG, business…
OpeOluwani Akintayo 11 March 2018, Sweetcrudee, Lagos – The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said Nigeria’s…
02 October 2017, Sweetcrude, Lagos – The Federal Government will early next year select successful bidders from the list of…
…Over 8mb unaccounted for OpeOluwani Akintayo 11 October 2017, Sweetcrude, Lagos – Nigeria refined a total of 835.58 million barrels,…
He said by 2019, Nigeria expects to become a net exporter of refined products, adding that an investment drive is ongoing to meet the infrastructure requirement.
He added that the move is also a part of the industry’s low cost strategies to deliver quality services, adding that “without the PETAN seal of quality and competence the industry cannot move forward.”
Kachikwu had come under a lot of criticism last month when he said the ongoing fuel scarcity would end in May. Under pressure, he quickly announced April 27 as the feasible date for a return to normalcy in the downstream sector. That date was not to be, leading to calls from some quarters for his resignation, but Kachikwu stuck to his guns.
