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We supplied 19 billion litres of petrol in 13 months- NNPC

The Nigerian National Petroleum Corporation, NNPC recently disclosed that it supplied a total of 19,437,894,096.06 billion litres of petroleum products into the Nigerian downstream sector through its Direct Sales Direct Purchase, DSDP programme. The report was as released for the period of November 2017 and November 2018. According to the

Election postponement costs gas marketers billion naira investments

Some cooking gas marketers under the aegis of the Nigerian Association Of Liquefied Petroleum Gas Marketers NALPGAM lost multi-billion naira investments following the postponement of the Nigerian general elections. This was revealed by the Executive Secretary of the association, Mr Bassey Essien who described the action by the Independent

DPR shuts down 10 illegal gas plants in Abuja

The Abuja zonal office of Department of Petroleum Resources, DPR reportedly closed down 10 illegal plants selling liquefied petroleum gas, LPG commonly called domestic or cooking gas within the Federal Capital Territory (FCT) and its environs. The move is to reduce the incident of gas explosion in the state. Leadership reported that at least

Stakeholders advocate deregulation for viable refineries, downstream sector

Deregulation would provide the right market template for investors and ensure maximization of investments. This was the consenus reached by some operators in the Nigerian’s downstream and midstream petroleum sector, recently. The operators said deregulation is critical to the viability and sustainability of existing and planned refineries.

Eterna PLC seeks 200 petrol stations,oil asset acquisition

Eterna Plc has revealed that it hopes to increase the number of its petrol stations across the country to 200 as well as acquire upstream oil and gas assets in the next five years. Managing Director/Chief Executive Officer, Eterna, Mr Mahmud Tukur made this known at a press conference on the firm’s 30 years of operation in the oil and gas

NNPC records N2.06bn trading surplus in November 2018

The Nigerian National Petroleum Corporation, NNPC recently recorded a trading surplus of N2.06 billion for November 2018 as against the deficit of N12.06 billion recorded in October.  In a statement on its November 2018 Financial and Operations Report released in Abuja, the NNPC said the 116 per cent rise in its bottom line figure was as a

NNPC seeks oil, gas collaboration with other African Countries

The Nigerian National Petroleum Corporation has declared its intention for possible collaboration with other African countries in the oil and gas infrastructure to remain competitive on the global forum. This was made known by Group Managing Director, NNPC Dr. Maikanti Baru at the second edition of the Nigeria International Petroleum Summit,

FG seeks to reclaim oil fields from multinationals

Minister of State for Petroleum Resources, Dr Ibe Kachikwu recently revealed that the Federal Government hopes to reclaim dormant oil fields from multinational oil companies functioning in Nigeria. The minister stated this at the Nigeria International Petroleum Summit, NIPS held in Abuja. He expressed worry over the number of oil and gas

Nigeria should review its petroleum import policies – OVH Energy Boss

The Federal Government has been urged to review the policies concerning importation of refined petroleum products into the country. The Chief Executive Officer of OVH Energy Limited, Huub Stokman made the call at the recently concluded 2019 Nigeria International Petroleum Summit (NIPS), in Abuja. OVH Energy Marketing Limited was one of the

Many feared dead in Lagos petrol tanker accident

Reports say a truck loaded with 33,000 litres of Petroleum products yesterday fell at Barracks bus stop along the Mile2, Badagry Expressway, Ojo Lagos. The incident which left people scampering for safety happened in front of the Onireke Police Station, Barracks bus stop which is a sensitive part of the area. The petrol tanker spilt all its
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