The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has thrown its full support behind the Federal Executive Council’s recent decision to continue the implementation of the Naira-for-Crude policy—an initiative the association believes could mark a major turning point for the country’s energy landscape. Speaking with journalists in Abuja, PETROAN’s National Public Relations Officer,…
After several postponements, the long-awaited resumption of fuel production at the Port Harcourt Refinery has finally become a reality. The Nigerian National Petroleum Company Limited (NNPC) confirmed the development on Tuesday, marking a significant milestone in the country’s efforts to reduce reliance on imported refined petroleum products. NNPC spokesperson Olufemi Soneye announced that the refinery…
In a major step toward monetizing Nigeria’s vast gas reserves, the Nigerian National Petroleum Corporation (NNPC) Limited, in partnership with Shell, TotalEnergies, and Agip, has finalized an important agreement to supply gas to the Brass Fertilizer & Petrochemical Company Limited’s upcoming methanol-manufacturing plant. This milestone agreement, which took nearly nine years to materialize, was officially…
The Olokola LNG project, located in Ogun State, is valued at an estimated $9.8 billion, while the Brass LNG project in Bayelsa State is projected to cost $20 billion.
The Joint Task Force South-South, Operation Delta Safe (OPDS), has urged the Nigerian National Petroleum Company Limited (NNPCL) and International Oil Companies (IOCs) to ramp up their production to meet the federal government’s ambitious target of 2.2 million barrels of crude oil per day. This call to action was made by Major Kayode Owolabi, the…
President Bola Tinubu has directed the Nigerian National Petroleum Company Limited (NNPC) to sell crude oil to Dangote Refinery and other upcoming refineries in Naira. This directive was announced by Bayo Onanuga, the Special Adviser to the President on Information and Strategy, through an official post on his X (formerly Twitter) handle on Monday. Onanuga…
Dangote expressed his willingness to transfer ownership of the refinery in response to allegations of monopoly within the industry.
The Nigeria National Petroleum Company (NNPC) Limited has announced plans to establish 100 Compressed Natural Gas (CNG) stations nationwide. This was revealed by Huub Stokman, Managing Director of NNPC Retail Limited, during the simultaneous commissioning of 12 CNG stations in Abuja and Lagos on Thursday. Stokman highlighted that within the next year, NNPC Retail aims…
