Entries by AllAfrica News: Petroleum

Nigeria: At 157.56 Percent Return Ytd, Oil/Gas Emerge Best Performing Index On Ngx /in /by

[This Day] The Nigerian Exchange Limited's Oil & Gas Index is positioned to lead the Banking, Consumer Goods among other indices as the best performing indicator on the local bourse in 2024.

Nigeria: Again, Dangote Refinery Announces Reduction in Price of Petrol /in /by

[Premium Times] The company said the reduction is designed to ease transport costs during the festive period.

Nigeria: Port Harcourt Refinery Overhaul – Former NNPC Gmds Commend Strides /in /by

[Leadership] Amid ongoing scepticism and criticism surrounding the revamp of the Port Harcourt Refinery, former group managing directors (GMDs) of the Nigerian National Petroleum Company Limited (NNPC Ltd) have commended the efforts of the current mana...

Nigeria: FG to Sell New Oil Wells in 2025 /in /by

[Leadership] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a 2025 licensing round, activating the 'Drill or Drop' clause from the Petroleum Industry Act (PIA) 2021, which emphasising a three-year deadline for oil operators...

Nigeria: We Agreed On Sale of 20 Percent Stake At $2.76bn – Dangote Refinery /in /by

[Vanguard] THE Dangote Petroleum Refinery, yesterday, said the initial plan was for the Nigerian National Petroleum Company Limited, NNPCL, to buy 20 per cent stake at the refinery at $2.76 billion.

Nigeria: $1bn Loan – Your Statement Misleading, Dangote Replies NNPCL /in /by

[Daily Trust] The Dangote Petroleum Refinery on Wednesday clarified its partnership with the Nigerian National Petroleum Company Limited (NNPCL), explaining that it agreed on the sale of a 20% stake at a value of $2.76 billion.

Kenya: Detectives Seize Over 12,000 Litres of Ethanol in Busia /in /by

[Capital FM] Nairobi -- Detectives in Busia have seized 12,750 litres of ethanol concealed in a vehicle transporting the substance from a neighboring country.

Nigeria: Dangote Refinery Speaks On NNPC’s $1 Billion Loan /in /by

[Premium Times] The Dangote Refinery said that the NNPC Ltd's $1 billion investment was not made to support the refinery during liquidity challenges, but rather to acquire a 7.24 per cent stake in the refinery.

Angola: Oil Exploration in Cabinda Norte Block Begins in 2025 /in /by

[ANGOP] Cabinda -- Onshore oil exploration in the Cabinda Norte Block, Cabinda Province, will begin in 2025, the Operations Director of ACREP-Exportação Petrolífera S.A., Idónio dos Santos, announced on Tuesday.

Nigeria: Lokpobiri – Overhauling Petroleum Industry Act Will Enhance Better Implementation /in /by

[This Day] Abuja -- The Minister of State, Petroleum Resources, (Oil) Senator Heineken Lokpobiri, has stated that the rework of the Petroleum Industry Act (PIA) was critical to Nigeria's monetary and fiscal policy environment and for better implementat...