NNPC Fails to Begin Production at Port Harcourt Refinery Despite Promises
The Nigerian National Petroleum Company Limited (NNPC) has again missed its deadline to commence fuel production at the Port Harcourt refinery, despite six previous postponements as of August 2024. After the latest delay, NNPC Chief Financial Officer Umar Ajiya had promised in August that the refinery would be operational by September, but no update has […]
Senate begins investigation into Importation of adulterated petrol
The Senate has commenced moves to unravel the circumstances behind the importation of adulterated petroleum products into Nigeria. A 15-man ad-hoc committee led by its Chairman, Opeyemi Bamidele, was constituted by the senate leadership to carry out the investigation, and they have promised to invite relevant stakeholders to answer questions regarding the shortcomings in the […]
Nigeria’s petrol daily consumption figure reduces by35%
The Nigerian Midstream and Downstream Petroleum Regulatory Authority(NMDPRA) says country’s petrol daily consumption figure stands at 46.38 millionlitres, due to subsidy removal by the Federal Government.Mr Ahmed Farouk, Chief Executive, NMDPRA, disclosed this during astakeholders meeting with oil and gas downstream operators on Monday inLagos.He said that the figure represented 35 per cent reduction when […]
