Entries by AllAfrica News: Petroleum

Nigeria: Crude Supply to Refineries Follows Willing Buyer-Willing Seller Principle, Says Kyari

[Vanguard] Following allegations of a deliberate attempt by crude oil producers in the country to starve the brand new $20 billion Dangote Refinery of feedstock, the Group CEO, of NNPC Limited, Mallam Mele Kyari has pointed out that crude supply to ref...

Nigeria: At Economic Sabotage Probe, Senate Panel Laments $1.5bn Expended On Moribund Port Harcourt Refinery

[This Day] Stakeholders in the oil and Gas Sector of the Nigerian economy Wednesday agreed to expose all forms of sabotage and criminal activities bedeviling the sector not minding whose ox is gored.

Nigeria: Cocso Backs Speaker’s Decision to Disband Petroleum Committee

[Leadership] The Coalition of Civil Society Organisations (COCSO) has endorsed the House of Representatives Speaker Tajudeen Abbas's decision to disband the Joint Committee on Petroleum Resources (Downstream and Midstream).

Nigeria: On Sale of Crude to Dangote, Other Refineries

[Daily Trust] Recently, President Bola Ahmed Tinubu gave a directive to the Nigerian National Petroleum Company Limited (NNPCL) to commence supplying crude oil to Dangote and other refineries in the country in naira. This measure aims to bring to an en...

Zimbabwe: U.S.$48m Deka Pipeline Commissioned

[The Herald] The US$48,1 million, 42km Deka water pipeline, which will supply water to Hwange Power Station from the Zambezi River, was commissioned yesterday as the Second Republic continues to implement a raft of strategies aimed at reducing the coun...

Nigeria: Restore the Petroleum Equalisation Fund

[This Day] There is a massive call for President Bola Ahmed Tinubu to bring back the petroleum subsidy. The ongoing 10-day "EndBadGovernance" protest and the high prices of commodities and services are the products of the removal of fuel subsidies.

Nigeria: FG – Access to Accurate Data Strategic to Growth of Oil, Gas Sector

[This Day] Abuja -- The Permanent Secretary, Ministry of Petroleum Resources, Nicholas Ella, has stated that the availability of accurate and comprehensive statistical data is strategic to Nigeria's oil and gas sector.

Nigeria: Experts Seek Strengthening of Regulatory Agencies, Local Players in Oil Sector

[This Day] Oil and gas experts at the Institute for Energy and Extractive Industry Law have stressed the need for the federal government to protect and strengthen regulatory agencies in the industry in order to boost competition and prevent monopoly in...

Nigeria: Fitch Downgrades Dangote Industries As GCR Affirms Group’s Ratings

[Premium Times] The latest review of the creditworthiness of the corporation saw Fitch lower its National Long-Term Rating to 'B+(nga)' from 'AA(nga)' and placed the ratings of the group on rating watch negative.

Nigeria: Fuel Importers Will Frustrate Dangote Refinery – Obasanjo

[Leadership] Former President Olusegun Obasanjo has stated that those benefiting from fuel importation will do all within their powers to frustrate the progress made by the Dangote Petroleum Refinery in Nigeria.