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Daily Archives: May 3, 2019

Nigeria offers 43 licences for large, modular refineries

Refineries N141b losses surpass allocations to critical sectors

•Grants tax waiver to operators The Federal Government has disclosed that about 43 refineries, including large scale and modular refineries have been licensed to refine petroleum products across the country. The Senior Technical Adviser to Nigeria’s Petroleum Minister on Refineries and ...

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Senate, DPR differ on Anambra, Enugu, Kogi oil-producing status

NSIA moves to reduce gas flaring

Members of the Senate Committee on Petroleum (Upstream) yesterday disagreed with the Department of Petroleum Resources (DPR) over the exclusion of Anambra, Enugu and Kogi states from the category of oil-producing states. DPR, in a letter to the Senate, stated ...

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Nigeria saves N673b from refining oil abroad

Nigeria saves N673b from refining oil abroad

The Nigerian National Petleum Corporation (NNPC) yesterday said $2.2 billion (N673.2 billion) had been saved from refining over 40 billion litres of crude oil abroad through the nation’s Direct Sale and Direct Purchase (DSDP) scheme. Speaking at the 2019 DSDP ...

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