Entries by AllAfrica News: Petroleum

Nigeria: Senate Investigates N11.35trn Spent On Moribund Refineries

[Leadership] The Senate has commenced investigation of all the contracts awarded for the rehabilitation of Worri, Port Harcourt and Kaduna refineries where N11.35 trillion was spent in 13 years.

Nigeria: Nigerian Govt Seeks Home-Grown Solutions to Address Petroleum Industry Challenges

[Premium Times] "My expectation is for us to come up with our home-grown solution to address our problem in the petroleum industry," an official said.

Nigeria: Senate Probes N11.35 Trn Spent On Rehabilitation of Refineries

[Premium Times] The Senate noted that despite the moribund state of the nation's four refineries, their operating costs between 2010 and 2020 were estimated at N4.8 trillion Naira.

Nigeria: Tanker Accidents Must Be Checked

[Daily Trust] On the night of October 13, 2023, an accident occurred on the Iganmu Bridge in Lagos. It was not the first time an accident would be occurring on that very spot, but the most recent one is significant, albeit for the reason that made it a...

Nigeria: Subsidy Removal, Exchange Rate Unification Have Achieved Desired Objectives – Tinubu

[Vanguard] Amidst the inflationary impact of the removal of petrol subsidy, President Bola Tinubu has indicated that the measure has achieved desired objectives.

Nigeria: Consider Ondo Ex-Militants for Pipeline Contracts – Niger Delta Group

[Vanguard] Former militants in Ondo State, under the aegis of Niger Delta Coastline Vanguard, NDCV, yesterday, called for the review of the policy on the decentralisation of the pipeline surveillance project in the Niger Delta region.

Nigeria: Fuel Price Rises 226.75% to N626.21 Per Litre – Report

[Vanguard] The price of Premium Motor Spirit, otherwise known as petrol increased year-on-year, YoY, by 226.75 per cent to N626.21 per litre in September 2023, from N191.65 per litre, recorded in the corresponding period of 2022.

Nigeria: Nigeria Records 33.58% Reduction in Fuel Consumption, Says NMDPRA Boss

[Vanguard] The Chief Executive Officer of Nigerian Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, Farouk Ahmed, yesterday, said that industry deregulation has actually seen a 33.58 percent reduction in fuel consumption of Nigerians. A...

Nigeria: Despite Petrol Subsidy Removal, Crises Linger in Nigeria’s Downstream Sector

[Premium Times] The crises hampering operations in the oil sector linger as Nigerians continue to lament the ripple effect of high pump prices.

Nigeria: Nigeria Wins As UK Court Dismisses $11 Billion P&ID Suit

[Premium Times] The UK court upheld Nigeria's prayer on the grounds that the ill-fated gas processing contract was obtained by fraud.