The Minister of State Petroleum Resources (Oil) Heineken Lokpobiri has on Monday meet with the Chairman and CEO of Dangote Group Aliko Dangote over issues surrounding the Dangote Refinery. Eko Hot Blog reports that the meeting had in attendance NNPCL group CEO Mele Kyari, Farouk Ahmed, CEO of Nigerian Midstream and Downstream Petroleum Regulatory Authority … Read more
Eko Hot Blog reports that the Federal Government, through the Ministry of Petroleum Resources and the Nigerian National Petroleum Company Limited, have refuted claims of subsidy reinstatement on Premium Motor Spirit (petrol) made by various individuals and groups.” The government also challenged those who make this argument to provide evidence to justify their allegations, stressing … Read more
Nigeria, a country richly blessed with vast crude oil deposits, has continued to grapple with soaring costs of imported refined fuels. Despite over two decades of promises from successive governments to rejuvenate the country’s dormant refineries and the allocation of billions of dollars for this cause, there has been a conspicuous absence of substantial progress … Read more