Midstream

An Austrian Firm, ScanTECH Isoplus has said that it is set to build one of the largest intrusion detection pipelines systems in the country.

A total export receipt for crude oil valued at $120.49m for the month of September has been announced by the Nigerian National Petroleum Corporation.

No fewer than 96 firms are have shown interest in undertaking the rehabilitation of the Nigerian National Petroleum Corporation’s downstream infrastructure.

The Federal Government has continued its consultation towards the passage of the Petroleum Industry Bill, PIB.

The latest data obtained from the National Bureau of Statistics have shown that Nigeria spent a total of N1.62tn on the importation of Premium Motor Spirit (petrol) from January to September.

The Nigerian National Petroleum Corporation (NNPC) has urged members of the public to go about their daily duties as it has commenced the rehabilitation of the broken gas pipeline along Lagos-Ibadan Expressway.

The pipeline that ruptured in Magboro, Ogun State on Wednesday has portended the supply of gas to industrial customers and other entities receiving gas through the pipeline.

The Federal Government has announced that China has approved and will disburse its 85 per cent loan required to fund the $2.6bn Ajaokuta-Kaduna-Kano gas pipeline project.

The amount spent on the importation of petroleum products into Nigeria rose to N700.46bn in the third quarter of this year, moving closer to the pre-COVID-19 level, the latest data from the National Bureau of Statistics have shown.

It has been revealed that the Petroleum Industry Bill (PIB) will include low tax provisions to sustain stable investments in Nigeria’s oil sector.