Libya’s National Oil Corporation (NOC) has announced a new production record, reporting daily output of 1,386,030 barrels of crude oil and condensate, alongside 203,017 barrels of oil equivalent (boe) from gas. This brings the country’s total production to 1,589,047 barrels per day, marking a significant achievement for the oil-rich nation. The announcement coincides with stable […]Read More
The Port Harcourt Refining Company has clarified that its operations have not been fully suspended but scaled down to facilitate ongoing upgrades at the facility. Moyi Maidunama, Executive Director of Operations at the Nigerian Pipeline and Storage Company Limited, disclosed this on Sunday during a guided tour of the refinery led by the company’s Managing […]Read More
The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has revealed that the price of Premium Motor Spirit churned out by the old Port Harcourt Refinery which resumed production on Tuesday, is ₦75 per litre higher than that sold by the Dangote Refinery. Joseph Obele, public relations officer of PETROAN, revealed that petrol supplied […]Read More
The Federal Government of Nigeria has said that 200 trucks are set to load petroleum products daily from the Port Harcourt Refinery. Speaking on his X handle on Tuesday, the Special Adviser on Public Communications and Orientation to the President, Sunday Dare, said that the refinery’s Old Wing has resumed operations with a production capacity […]Read More
The Port Harcourt refinery, is set to resume crude oil production after several missed deadlines and a long period of rehabilitation exercise. The rehabilitation exercise worth $1.5 billion was approved by the Nigerian government in 2021 for the refinery with a combined 210,000 barrels per day capacity. Announcing the preparedness of the refinery for production […]Read More
The Nigerian presidency has revealed plans to fully privatise the country’s state-owned refineries, including the Port Harcourt, Warri, and Kaduna facilities are underway. Sunday Dare, the President’s special adviser on media and public communications, posted this update in a statement posted on Sunday via his official X (formerly Twitter) account. The bulletin outlined key achievements […]Read More
Dangote Petroleum Refinery has announced a reduction in the ex-depot price of Premium Motor Spirit (PMS), popularly known as petrol, to N970 per litre from N990/litre. In a statement released by Anthony Chiejina, the Dangote Group’s chief branding and communications officer, this price cut will take effect immediately for oil marketers. The statement described the […]Read More
The Dangote Refinery, Africa’s largest, has resumed importing crude oil from the United States after a three-month hiatus. This move comes as the refinery continues to ramp up its production capacity and meet growing domestic and regional fuel demand. Bloomberg reported on Wednesday that the cargo conveying two million barrels of WTI Midland crude from […]Read More
The Nigerian National Petroleum Company (NNPC) Limited has officially introduced the Utapate crude oil blend, its latest crude oil grade, before the international crude oil market. A development that could pose a significant boost to Nigeria’s volatile crude production, revenue generation, and economic growth efforts. Utapate crude oil blend is the latest offering from NNPC […]Read More
The Nigerian Navy, operating under the framework of Operation DELTA SANITY, uncovered and dismantled 23 illegal refinery sites while recovering a significant quantity of stolen crude oil in October. This was made known in a statement issued by Aiwuyor Adams-Aliu, the Director of Naval Information, on Tuesday in Abuja. Adams-Aliu stated that the operation also […]Read More
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