…the commission meets with stakeholders, including crude oil producers and local licensed refineries, after which the producers are allocated a specific volume of their crude oil and condensate to be offered to local licensed refineries. However, in line with the PIA, the framework operates on a “willing buyer, willing…

…to President Bola Ahmed Tinubu over the revival of the Port Harcourt, Warri and Kaduna refineries. In a statement on Wednesday, Murray-Bruce, also called Mr Common Sense, told Tinubu to appoint bold, competent and result-driven individuals to revive Nigerian refineries and carry out reforms in the country’s petroleum s…

…Group founded by Africa's richest man Aliko Dangote, operates one of the largest oil refineries on the continent. The Dangote Refinery, located in Lagos, has a processing capacity of 650,000 barrels of crude oil per day, making it a landmark project in Nigeria's energy sector.LinkedIn users celebrate Respect Augustine'…

…Olusegun Obasanjo over claims that the state-owned Port Harcourt, Warri and Kaduna refineries may never work. In what appeared to be Tinubu’s first clear position on the viability of the three refineries, which have remained moribund despite billions spent on turnaround maintenance, the President insisted that the faci…

…on Sunday in Abuja that the combined obligations of the Port Harcourt, Warri and Kaduna refineries to the Nigerian National Petroleum Company NNPC Limited rose from about ₦4.52 trillion at the end of 2023 to ₦8.67 trillion at the end of 2024, an increase of roughly ₦4.15 trillion in a single year of the Tinubu presiden…

…to enforce legal provisions requiring local producers to supply crude oil to domestic refineries.Rabiu Umar, NMDPRA chief executive officer (CEO), said the Dangote refinery is helping to increase Nigeria's domestic refining capacity, particularly with its plan to double its processing capacity to 1.4 million barrels pe…

…naira-for-crude arrangement with the Dangote Petroleum Refinery and other domestic refineries had contributed to a major shift in Nigeria’s petroleum trade position. According to the report, the arrangement had helped Nigeria move from being a net importer of petroleum products to becoming a net exporter after decades…

…Petroleum Industry Act, deregulation of fuel pricing, rehabilitation of government-owned refineries and the emergence of private refineries had positioned Nigeria to become a major refining and distribution hub in Africa. However, it identified challenges including high financing costs, multiple taxation, foreign excha…

Nigeria’s domestic refineries have completely displaced imported Aviation Turbine Kerosene, commonly known as aviation fuel or Jet A-1, with official industry data showing that local producers solely supplied the country’s aviation fuel market over the past 13 months. An analysis of the Nigerian Midstream and Downstrea…

…a production capacity of 650,000 barrels per day and is one of the largest single-train refineries in the world.

…our production capacity, which will in turn impact our refining capacity also. Other refineries should come on stream. Having only one major refiner at a time like this would definitely pose a big risk, because of the tendency for a lack of competition, which we all know could lead to high prices. Also, sometimes when…

…production. The June data also showed that the country’s crude oil receipts by domestic refineries improved during the month. Crude oil receipt by domestic refineries rose from 0.578 million barrels per day in May to 0.632 million barrels per day in June, an increase of 0.054 million barrels per day, or 9.3 per cent. T…

…Chief of the Naval Staff, Vice Admiral Idi Abbas. The post Navy dismantles 48 illegal refineries, arrests 91 suspects in anti-oil theft crackdown appeared first on Vanguard News.

…said in a new Reuters report, with Ukraine's recent drone strikes on Russia's oil refineries and ports strengthening his resolve to keep fighting for now. Two of the sources, speaking on condition of anonymity, said that Putin was instead likely to escalate the conflict, now well into its fifth year. One of them, who m…

…internal challenges as Ukrainian long-range drone attacks continue to target oil refineries, military facilities and other strategic infrastructure deep inside Russian territory.According to him, public support for the war in Russia is gradually weakening, increasing pressure on the Kremlin. He added that the sustained…

…campaign using long-range unmanned aerial vehicles (UAVs) to strike oil infrastructure, refineries, and military sites within Russian borders. Kyiv has consistently defended these operations as a balanced response to Moscow's persistent missile and drone barrages against Ukrainian civilian centers and electrical grids.…

…across the continent declined by roughly one-third over the past two decades as ageing refineries suffered years of underinvestment, operational inefficiencies and poor maintenance. The commissioning of the Dangote refinery has begun to reverse that trend. The refinery reached full operational capacity shortly before t…

The Economic and Financial Crimes Commission is set to arraign the former Managing Director of Warri Refining and Petrochemical Company Ltd, Jimoh Yisawu, on Friday, and the former Managing Director of Port Harcourt Refining Company Ltd, Ahmed Dikko, on Wednesday, over separate money laundering charges bordering on hun…

…traditionally struggle to attract capital, including solar plants, mining operations, refineries, and AI data centres. Uganda's special economic zone (SEZ) strategy-driven by the Uganda Free Zones and Export Promotions Authority (UFZEPA)-created an opportunity to rethink how infrastructure financing and payments could…

…and the United States. "Jet is oversupplied because of high local refinery production; refineries pushed back maintenance to make the most of the high prices. "The US and Dangote also shipped large volumes. Now there are some flows resuming through the Suez, too, from the UAE, but let's see how it goes," the trader was…

…demand and stockpile volumes for hurricane season. Crude changeovers at some Group I US refineries are also hampering output." The report noted that Nigerian buyers could switch to alternative grades where product formulations permit. "Nigerian buyers could purchase Group II heavy grades as alternatives to Group I wher…

…stability to deregulation of the downstream sector and operationalisation of domestic refineries. He described the Petroleum Industry Act, PIA, as the foundation for transforming Nigeria's petroleum industry but stressed that building investor confidence now depends on consistent and predictable regulation. He said: "T…

…he said. Ukadike also called for the rehabilitation and full operation of local refineries, including the Port Harcourt and Kaduna Refineries. He said that the domestic refining capacity would enhance competition, diversify supply sources, and contribute to greater price stability in the petroleum sector.

…discussions with Chinese firms interested in operating the Port Harcourt and Warri Refineries. The association said successful revival of the refineries under private-sector-driven management could improve supply stability and reduce petroleum product prices. Gillis-Harry said competition remains one of the most effect…