The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it has not yet commenced bulk sales of petroleum products to marketers from its Port Harcourt Refining Company (PHRC). Currently, the company is selling products sourced from the Dangote Refinery at its retail stations. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce Shortage … Read more
The Nigeria National Petroleum Company Limited, NNPCL, says the Port Harcourt Refining Company, PHRC, has not yet begun bulk sales, stating that essential processes are still being finalized. The Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, made this known in a statement on Friday. According to him, the products the refinery current sells originate … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has adjusted the price of Premium Motor Spirit (PMS) for marketers, lowering it from ₦1,045 per litre to ₦1,030 per litre. This announcement was made by Dr. Billy Harry, National President of the Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN), during a strategic meeting and award … Read more
The House of Representatives on Wednesday directed its Committees on Finance and Petroleum (Upstream and Downstream) to investigate reports from the Revenue Mobilisation Allocation and Fiscal Responsibility Commission alleging that the Nigerian National Petroleum Company Limited (NNPCL) withheld ₦8.48 trillion as claimed subsidies for petrol. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce … Read more
The Nigeria National Petroleum Company Limited (NNPCL) has urged Nigerians to dismiss claims discrediting the operational status of the Port Harcourt Refinery. In a statement released on Wednesday, the Chief Corporate Communications Officer of NNPCL, Olufemi Soneye, denounced reports accusing the company of blending Crack C5 from Indorama Company with Naphtha to sell as refined … Read more
The Nigerian National Petroleum Corporation Limited, NNPCL, has urged Nigerians to focus on the progress made in bringing the Port Harcourt refinery online. This is contained in a statement by the company’s spokesperson Olufemi Soneye, on Tuesday, asking Nigerians to steer clear of what it termed malicious claims that the NNPCL is not producing refined … Read more
The Nigerian National Petroleum Company Limited (NNPC Ltd) has expressed gratitude to Nigerians for their support following the safe restart of the Old Port Harcourt Refinery, which processes 60,000 barrels per day. EDITOR’S PICKS Japa: Russia Opens Doors to Migrants Amid Workforce Shortage Crisis Erupts at Celestial Church of Christ in Lagos Over N5m Donation … Read more
The Nigerian National Petroleum Company Limited (NNPCL) and major oil marketers are engaged in discussions aimed at eliminating petrol importation by increasing reliance on the Dangote Refinery. The meeting, held at the NNPCL Towers in Abuja and chaired by NNPCL Group CEO Mele Kyari alongside the Nigerian Midstream and Downstream Petroleum Regulatory Authority, included representatives … Read more
The Dangote Petroleum Refinery has resumed purchasing crude oil from the United States, marking a significant step in its efforts to boost production and refine capacity. This follows a three-month pause in foreign crude imports as the refinery prioritized domestic supplies. Bloomberg reports that a shipment of two million barrels of WTI Midland crude from … 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 Group Chief Executive Officer of the Nigerian National Petroleum Company Limited, NNPCL, Mele Kyari, has dismissed the claims that the NNPCL is working against the prosperity of local refineries. Kyari made this clarification on Monday in Lagos while outlining the vision for Nigeria’s energy future at the opening ceremony of the 42nd Nigeria Association … Read more
A coalition of Civil Society Organisations (CSOs) protested at the National Assembly on Friday, voicing concerns over the unresolved issues between the Nigerian National Petroleum Company Limited (NNPCL) and Dangote Refinery, which they say negatively impact Nigerians, especially regarding fuel availability and pricing. EDITOR’S PICKS Electricity Meter Costs Rise Again As Deregulation Takes Effect Biden, … Read more
The Nigerian National Petroleum Company Limited (NNPCL) has dismissed as false a video showing dark petrol allegedly purchased from one of its filling stations in Keffi, Nasarawa State. The video, which showed someone pouring a dark liquid from a bottle and claiming it was Premium Motor Spirit (PMS) bought from an NNPCL station, has been … Read more
Scores of protesters gathered at the headquarters of Nigerian National Petroleum Company Limited (NNPCL) on Monday, demanding the resignation of Group Chief Executive Officer Mele Kyari. Led by Civil Society Organizations, the demonstrators criticized Kyari’s leadership, citing escalating fuel prices, persistent shortages, and economic hardship as reasons for his removal. EDITOR’S PICKS NASU, SSANU Strike … Read more
A former presidential spokesman, Dr Doyin Okupe, on Friday lambasted the Nigerian National Petroleum Company Limited (NNPCL) and oil marketers over the controversy trailing fuel pricing. Okupe asked the stakeholders in the oil sector to stop making President Bola Tinubu look bad before Nigerians. In a statement titled: ‘Dangote Refinery, NNPCL, Oil Marketers and the … Read more
Oil marketers disclosed on Friday that the Dangote Petroleum Refinery’s price for Premium Motor Spirit (PMS), commonly known as petrol, is between N1,015 and N1,028 per liter, depending on purchase volume. In response, marketers announced plans to import petrol and sell it at a lower price than both the Dangote Refinery and the Nigerian National … Read more
The conflict between Dangote Refinery and Nigerian petroleum marketers has escalated, with Dangote Group President Aliko Dangote suggesting that marketers have shown little interest in purchasing from his refinery. The dispute, which initially surfaced in September amid the distribution of premium motor spirit (PMS), involves the Dangote Refinery, Nigerian National Petroleum Company Limited (NNPCL), and … Read more
The Independent Petroleum Marketers Association of Nigeria, IPMAN, said that its members could not load petrol from the Dangote Refinery in Lagos despite having paid N40bn to the Nigerian National Petroleum Company Limited, NNPCL. EDITOR’S PICKS ‘I Feel Sorry For Joshua’ After Knockout Loss To Dubois – Fury EPL: What We’re Lacking Is Luck – … Read more
Aliko Dangote, President of Dangote Refinery, has assured that fuel queues across Nigeria will disappear once oil marketers start sourcing fuel from his refinery. Speaking to State House Correspondents after a meeting with President Bola Ahmed Tinubu, Dangote stated that his refinery holds the solution to the country’s persistent fuel queues. He urged the Nigerian … Read more