The Minister of State for Petroleum Resources, Chief Timipre Sylva, says President Muhammadu Buhari is committed to putting an end to the importation of refined petroleum products into Nigeria.
In a notice published on its website on Wednesday, the Nigerian National Petroleum Corporation is calling on investors to bid for the repairs of pipelines and depots across the country.
The Nigerian National Petroleum Corporation (NNPC) has assured stakeholders that the $2.8 billion Ajaokuta-Kaduna-Kano (AKK) gas pipeline project will not go the way of other such mega infrastructure in the country that failed in the past.
The Director of the Department of Petroleum Resources (DPR), Mr. Auwalu Sarki, has enjoined lubricant producers in the country to look beyond the shores of Nigeria and target the export market in the distribution of their products.
Global demand for Nigeria’s liquefied natural gas (LNG) has significantly increased as over 16 vessels valued at N354billion departed Onne Port with 950,000 metric tons of LNG to various destinations in the last few months.
Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma, and Araria industrial zones.
As the President, Major General Muhammadu Buhari inaugurates the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project virtually on Tuesday (today), the Nigerian National Petroleum Corporation says it targets to complete the project in 24 months.
The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the number of oil marine vessels owned by the country has significantly increased from three percent to over 40 percent.
The United States cut its imports of Nigerian crude oil by 60.37 percent to 1.93 million barrels in January this year, compared to the 4.87 million barrels bought in the same month in 2019.
Royal Dutch Shell has circulated its export schedule for June loading of Nigerian Bonny Light and Bonga crude, with the former set to fall sharply in June.