Warri refinery resumes, promising lower fuel prices and increased competition. NNPCL targets energy independence with ongoing refinery revamps across Nigeria. Domestic production to cut fuel imports and stabilize Nigeria’s energy market. The commencement of operations at the Warri Refining and Petrochemicals Company Limited (WRPC) has sparked optimism for a drop in refined petroleum product prices. … Read more
The Warri Refinery restarted operations at 60% capacity. It produces key products like AGO, SRK, and LPG, boosting Nigeria’s energy security. NNPCL’s efforts in reviving the refinery are commended for strengthening petroleum supply. The Senior Special Assistant to President Bola Tinubu on New Media, O’tega Ogra, has announced that the Warri Refinery officially restarted operations … Read more
Slovak Prime Minister Robert Fico has made an unanticipated visit to Moscow for talks with Russian President Vladimir Putin, becoming only the third Western leader to meet Putin since Russia launched its full-scale invasion of Ukraine three years ago. Fico, a vocal critic of the European Union’s support for Ukraine during the conflict, stated that … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has announced securing a $1bn crude-backed loan to facilitate the operations of the 650,000 barrels-per-day Dangote Petroleum Refinery and address liquidity challenges. Chief Corporate Communications Officer, Olufemi Soneye, revealed this during the Energy Relations Stakeholders Engagement in Abuja on Monday. EDITOR’S PICKS PDP Declares Ethiope East Federal Seat … Read more
Dangote Refinery has officially commenced the export of Premium Motor Spirit (PMS) to Cameroon, marking its first-ever international shipment and a significant milestone for Africa’s largest oil refinery. EKO HOT BLOG reports that this groundbreaking export, announced in a statement by Dangote Refinery on Wednesday, results from a strategic partnership with Neptune Oil, a leading … Read more
The Nigerian National Petroleum Company (NNPC) Ltd. has fulfilled its commitment to re-stream the Port Harcourt Refining Company (PHRC), marking the start of crude oil processing and the distribution of petroleum products to the market. This milestone was announced in a statement on Tuesday by the Chief Corporate Communications Officer of NNPC Ltd., Olufemi Soneye. … Read more
The Nigerian National Petroleum Company (NNPC) Limited has dismissed recent reports alleging the imminent removal of its Group Chief Executive Officer (GCEO), Mele Kyari. Speaking to The Punch on November 15, NNPC’s Chief Corporate Communications Officer, Olufemi Soneye, described the speculation as baseless and urged the public to disregard the claims. EDITOR’S PICKS Trump Taps … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has firmly dismissed claims that it has ceased the importation of refined petroleum products, calling recent reports a “misrepresentation and misinterpretation of facts.” The reports, which circulated widely online on Tuesday, suggested that NNPCL’s Group Chief Executive Officer, Mele Kyari, had announced an end to fuel importation, citing … Read more
The Nigerian National Petroleum Company Gas Marketing Limited (NGML), a subsidiary of NNPC Limited, has signed a Gas Sale and Purchase Agreement with Dangote Petroleum Refinery and Petrochemicals, Lagos, to supply natural gas for power generation and as feedstock for the refinery. The agreement was executed by NGML’s Managing Director, Justin Ezeala, and Dangote Group’s … Read more
The National Petroleum Authority of Ghana (NPAG) has announced plans to import refined petroleum from Nigeria’s Dangote Refinery to bolster energy security and strengthen regional cooperation. Speaking at the 2024 OTL Africa Downstream Energy Week in Lagos, Dr. Mustapha Abdul-Hamid, CEO of NPAG, said this collaboration would reduce Ghana’s dependence on higher-cost imports from Rotterdam, … Read more
The Federal Government and Dangote Refinery have finalized a deal to supply 12 million barrels of crude oil to the refinery in October, as confirmed by Aliko Dangote, CEO of Dangote Refinery, during an interview with Bloomberg TV in the United States. This crude oil supply is part of an ongoing agreement with the federal … Read more
President Bola Tinubu declared on Friday that his role as Nigeria’s leader is not to seek personal gain or accumulate wealth but to serve the nation and its people. Speaking during a meeting with the Forum of Former Presiding Officers of the National Assembly at Aso Rock Villa, President Tinubu stressed that his administration is … Read more
President Bola Tinubu has appointed Honourable Ojukaye Flag Amachree as the new Director of Energy Security in the Office of the National Security Adviser (ONSA). EKO HOT BLOG reports that the newly established Energy Security Directorate within ONSA will be responsible for coordinating energy policies, protecting critical infrastructure, managing data, providing security coordination, offering risk … Read more
The Nigerian National Petroleum Company (NNPC) Limited has unveiled plans to collaborate with private sector firms for the management and maintenance of its Kaduna and Warri refineries. This strategic move is designed to bolster the country’s petrol supply and enhance energy security. EKO HOT BLOG reports that the announcement was made via a circular posted … Read more
Nigeria’s oil marketers are optimistic about the imminent start of commercial production at the Port Harcourt Refinery, following a recent visit by key industry figures. EDITOR’S PICKS ‘Demonstration Continues’ – Lagos Protest Organizers Declares ‘FG’s Policies Major Cause Of Hardship’ – Obaseki Reacts As Edo Protesters Worship On Street LSMTL Targets ISO/17025 Accreditation for Global … Read more
NMDPRA is awaiting new reports to confirm the sulphur content of Dangote refinery diesel amid claims and counterclaims about fuel quality. EKO HOT BLOG reports that the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is anticipating new reports to verify the sulphur content of diesel produced by the Dangote refinery. This follows Dangote’s rebuttal of … Read more
In Nigeria’s dynamic energy landscape, recent developments regarding refinery operations and potential fuel price adjustments are sparking both excitement and caution. As we navigate these changes, it’s essential to dissect their implications and chart a course that prioritizes sustainability, affordability, and equitable access to energy resources for all Nigerians. EDITOR’S PICKS BREAKING: Prominent Activist, Fawaz … Read more
NERC Chairman warns of potential ₦3.2 trillion subsidy burden if electricity tariff hikes are reversed. Financial strains in the power sector highlighted, including issues with gas supply and foreign exchange fluctuations. House Committee on Power acknowledges complexities, emphasizing the need for sustained investment and tariff adjustments. EKO HOT BLOG reports that the Chairman of the Nigeria … Read more
EKO HOT BLOG reports that Chairman, House of Representatives Committee on Petroleum Resources (Downstream), Ikeagwuonu Ugochinyere, has vowed on behalf of the committee to conduct a comprehensive audit of the petrol subsidy regime. Speaking at the inaugural meeting of the committee in Abuja on Friday, Ugochinyere said the implementation of the Petroleum Industry Act would … Read more