Dangote Refinery has warned it may raise petrol exports as imports supplied about 43 percent of Nigeria’s petrol in July, complicating supply planning.
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KEY POINTS Dangote Petroleum Refinery and Petrochemicals has raised concerns about the continued importation of Premium Motor Spirit (PMS), commonly known as petrol, despite the growing capacity of domestic refineries …
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KEY POINTS The Ogoni Dialogue Committee, ODC, has denied allegations that it influenced the selection of 40 Ogoni people recently offered employment opportunities by the Nigerian National Petroleum Company Limited …
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KEY POINTS ExxonMobil has resumed oil production at its Liza Unity floating production, storage and offloading (FPSO) vessel offshore Guyana after a small fire temporarily halted operations. The incident triggered …
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Sinopec chairman Hou Qijun has launched a sweeping overhaul at the world’s largest refiner, splitting it into four profit centres as fuel demand slides.
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KEY POINTS South Africa’s only nuclear power station, Koeberg Nuclear Power Station near Cape Town, has been forced to reduce electricity generation after a large buildup of dead sardines blocked …
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KEY POINTS The Nigerian National Petroleum Company, NNPC, Limited and partners in the Oil Mining Lease (OML) 118 project have signed key agreements aimed at moving the long-awaited Bonga South …
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Oil prices fell further on Tuesday as investors shrugged off the latest US sanctions on Iran, with Brent down 1.0 percent to $91.27 a barrel.
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KEY POINTS Nigeria’s petroleum products trade is undergoing a major shift, with the country exporting significantly more refined products while sharply reducing its dependence on imported fuel. New data from …