Home » Refinery

Refinery

TCN Takes More Delivery of Yransformer Accessories in Lagos, Ogun

The Transmission Company of Nigeria (TCN) has said that it has received more trucks of transformer accessories in Lagos and Ogun states in its efforts to boost power supply in the country. The company’s General Manager, Public Affairs, Mrs Ndidi Mbah, stated that the Alagbon 330/132/33kV transmission substation in Lagos recently received truckloads of 2 x 100/125 MVA of the ...

Read More »

HURIWA Carpets FG on Revival of Refinery, High Fuel Prices

Civil rights advocacy group, Human Rights Writers Association of Nigeria (HURIWA), had carpeted the Minister of State for Petroleum Resources, Timipre Sylva, for saying he won’t mind buying petrol at N300 a litre because other countries sell their products at higher prices than in Nigeria and N300 is nothing when compared or changed to the United States dollar and the ...

Read More »

Refinery : PHR Sets for Operation in Four Months – FG

The federal government has assured that the 60,000 barrels per day Port Harcourt Refinery may start operation in the next four months. This is a shift from the December 2022 date announced earlier by the government. In September last year, the Minister of State for Petroleum Resources, Timipre Sylva, who was speaking after a Federal Executive Council (FEC) meeting, had ...

Read More »

Refiners Forum Moves to End Bunkering in Ogoniland

The Ogoni Ex-artisanal Refiners Forum has commenced sensitisation programme against re-pollution of the Ogoniland.The group, yesterday brought together over 2000 ex-artisanal refiners at the Nortem Town hall in Bori, Khana Local government area of Rivers State, to begin the first batch of the training. The training in collaboration with the National Youth Council of Ogoni People, was targeted at ending ...

Read More »

Refineries Remain Dormant as Petrol Import Hits N17 Billion Six Months to End of Current Administration

The Federal government has spent about N17 Trillion on import of not less than 132.24 billion litres of Premium Motor Spirit (PMS) otherwise known as Petrol. This is six month to the end of current administration led by President Mohammadu Buhari. Figures obtained from the National Bureau of Statistics and the Nigerian National Petroleum Company Limited showed that Nigeria relied ...

Read More »

‘N70.95 Billon Spent on Moribund Port Harcourt Refinery in Two Years’

The moribund Port Harcourt Refinery Company (PHRC) gulped N70.95 billion in two years, the Nigerian National Petroleum Company Limited (NNPCL) has said in its Audit Report. In the PHRC Audited Financial Statements for 2021 obtained by The Nation, the company spent N39, 491,468, 000 last year. The NNPCL noted that the depreciation and impairment of financial assets of the PHRC ...

Read More »

Nigeria’s Refineries Lose 218 Workers, Post N69 Billion Loss

The number of workers at Nigeria’s refineries fell by 218 within a year, while the facilities posted a cumulative comprehensive loss of N69.03bn during the review period, data from their financial statements, just released by the Nigerian National Petroleum Company Limited, showed. NNPC manages Nigeria’s three refineries, which include: the Kaduna Refining and Petrochemical Company, Warri Refining and Petrochemical Company, ...

Read More »

NNPCL Shuts Down 395 Unauthorised Refineries linked to Oil Theft

In an effort to stop oil theft in Nigeria, the Nigerian National Petroleum Company Limited (NNPCL) announced that 395 illegal refineries had been shut down. The Group Managing Director of NNPCL, Mr Mele Kyari, made this statement during a meeting with the Senate Ad Hoc Committee on Oil Theft in Nigeria. Kyari, who recently highlighted concern about the scope of ...

Read More »

265 Illegal Refineries in SPDC Corridor – Sylva

Chief Timipre Sylva, Minister of State for Petroleum Resources, has said that there are about 265 illegal refineries in the Shell Petroleum Development Company (SPDC) corridor alone as Nigeria continues to grapple with oil theft. Sylva spoke at the 60th Anniversary of the Oil Producers Trade Section (OPTS) of the Lagos Chamber of Commerce and Industry (LCCI) on Thursday in ...

Read More »

Foreign Refiners Shutting Down for Green Energy

….N3.4trn Needed to Subsidize 66.7 million litres of PMS/day…. . Oyo, Ogun states consume more PMS As Nigeria and indeed African countries struggle to keep up the pace with the global energy transition, the Nigerian National Petroleum Company (NNPC) Limited, has raised an alarm that foreign refineries are winding down on hydrocarbon products in preparation for hydrogen and other green ...

Read More »