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FG to earn $3.5bn from gas flare commercialization investments

Inward investments worth $3.5bn would come into Nigeria through the ongoing gas flare commercialization programme, officials of the Federal Ministry of Petroleum Resources have said. “About $3.5bn worth of inward investments are coming into the country to achieve the gas flare commercialization targets by 2020.” The Programme Manager, NGFCP,

Nigeria, India agree to deepen collaboration on energy sector

The Nigerian National Petroleum Corporation recently reached an agreement with the Republic of India to work closely to boost energy security for Nigeria and India. This agreement was made yesterday after a courtesy visit in Abuja by Indian High Commissioner to Nigeria, His Excellency, Abhay Thakur to the Group Managing Director of the

NNPC launches $60m gas plant in Delta

The Nigerian National Petroleum Corporation, NNPC recently launched a $60m Egbeoma gas processing plant in Ebedei Community, Ukwuani Local Government Area of Delta State. The launch was headed by the Group Managing Director, Maikanti Baru who noted that the commission was committed to achieving federal Government’s aspiration as expressed in

Dangote refinery will boost Africa’s economy- Ghanaian president

Ghanaian President, Nana Akufo-Addo has said that the completion of the Dangote Refinery and other modular refineries in Nigeria will bring relief to the country and other African countries under economic pressure caused by price instability. The President made this known at a forum in Egypt, saying that his country was looking forward to the

Ogbele refinery second phase to be commissioned in March

The second phase of the Ogbele Modular Refinery will be commissioned in March 2019 by the Niger Delta Exploration and Production, NDEP. Ogbele phase 2 will have the capacity to utilize 5, 000 barrels per day of crude doubling the capacity of the first phase, five times. According to Africa Oil and Gas report, the first phase which was

FG launches “Project 100” to strengthen Nigeria’s stand in the global market

The Federal Government has launched “Project 100”, an initiative to use 100 indigenous companies to strengthen Nigeria’s stand in the oil and gas industry globally sixty years since it discovered oil. Minster of State for Petroleum Resources, Ibe Kachikwu expressed that the move was to reduce the influx of expatriates into the country and

NNPC’s negotiations with financiers over revamp of refineries halted

The negotiations between the Nigerian National Petroleum Corporation (NNPC) and select investors on the commercial terms to consider in the revamp of the country’s refineries may have collapsed. The negotiations on the revamp of the refineries in Port Harcourt, Warri, and Kaduna, have lasted over a year but an agreement has not still been

NNPC says Nigeria’s old refineries can still refine oil

The Nigerian National Petroleum Corporation has said that Nigeria’s refineries are not too old to refine oil. This was made known by NNPC Chief Operating Officer, Mr Kragha Anibor at a panel session at the ongoing Nigerian International Petroleum summit (NIPS). He said that the major problem of the corporation to bring the refineries to

Kachikwu speaks on ending fuel importation this year

The Nigerian National Petroleum Corporation, NNPC and the Federal Government have intensified efforts to end fuel importation this year. The state of the refineries and the infrastructures in place have been a major concern for stakeholders who feel Nigeria cannot achieve this goal. In this video, Minister of State for Petroleum, Ibe

NNPC repairs 25million litre tank at Ejigbo Depot

The Nigerian National Petroleum Corporation, NNPC recently repaired a 25 million litre tank at the Ejigbo Depot. The repair has enhanced the activities of trucks loading and carrying fuel to depots without having to go through any stress. Marketers had always experienced great difficulty loading their trucks because of the dire state of the
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