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
Warri Refinery resumes operations with ongoing rehabilitation, confirms NNPCL CEO. The facility currently operates below full capacity but shows significant progress. Mele Kyari assures Nigerians of real progress in refinery rehabilitation efforts. The Warri Refining and Petrochemicals Company (WRPC), with a refining capacity of 125,000 barrels per day, has resumed operations, marking a significant milestone … Read more
A group of energy advocates and socio-economic activists has condemned the collapse of the Port Harcourt Refining Company, just weeks after the Nigerian National Petroleum Company Limited (NNPCL) claimed it had been restreamed. Eko Hot Blog reports that the Energy Reforms Advocates and Socio-Economic Activists, led by Dr. Thomas Zion Godknows, at a press conference … 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
Eko Hot Blog reports that Anambra South Senator, Ifeanyi Ubah, has hinted on the possibility of a reduction in the pump price of petroleum products. Addressing journalists on Thursday, the lawmaker disclosed that when oil refineries in Nigeria start operating at full capacity, the price of fuel will reduce. He said that fixing the refineries … Read more
Eko Hot Blog reports that the Nigerian National Petroleum Company Limited (NNPCL) has crashed the depot price of Premium Motor Spirit (PMS), popularly known as petrol, from N640 per litre to N630 per litre. The NNPCL has also disclosed plans to sell directly to independent marketers instead of first taking it to private depots so … Read more
Eko Hot Blog reports that the Independent Petroleum Marketers Association of Nigeria (IPMAN) and the Major Energy Marketers Association of Nigeria (MEMAN) foresee a slight decrease in the pump price of Petrol once production resumes at the Port Harcourt Refining Company next month. According to PUNCH, IPMAN and MEMAN have also declared their readiness to … 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
Eko Hot Blog reports that the stakeholders in the Downstream Petroleum sub-sector have reassured Nigerians that there will be a significant decrease in the pump price of petrol, also known as fuel. They are optimistic that the ongoing crises in the energy sector will be resolved soon. According to the businessmen, petrol prices will drop … Read more