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FG Okays N24 Billion for One Modular Irrigation Project in Adamawa

The Federal Government has approved N24 billion for the National Agency for Science and Engineering Infrastructure (NASENI) for the execution of a smart modular irrigation project in Adamawa state. Executive Vice Chairman/CEO of NASENI, Professor Mohammed Sani Haruna, who made this known to newsmen Friday afternoon meeting with President Muhammadu Buhari at the State House, Abuja, said the new funding ...

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Port Harcourt Refinery to Begin Producing 60,000bpd in 2023

The Managing Director of the Port Harcourt Refining Company Limited, Ahmed Dikko, has assured that the rehabilitation of the Old Port Harcourt Refinery with a refining capacity of 60, 000 barrels per day will be completed and put to use by the first quarter of 2023. The MD gave the assurance when the House of Representatives Ad-Hoc Committee on the ...

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No Refinery is Functional in Nigeria – NNPC Boss

Mr Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Company (NNPC) Ltd says there is no single refinery working at the moment in the country. Kyari disclosed this when he appeared before the House of Rep joint Committee on Petroleum Resources (Downstream) on Tuesday in Abuja. The committee is investigating the increased in prices of diesel and ...

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African Refiners Alert on Impending Impact of Funding Withdrawal for Oil Projects

Oil and gasoperators under the African Refiners and Distributors Association (ARDA), have said that unless a far-reaching decision on the future funding of major projects in Africa is arrived at soonest, the industry may face serious challenges. The group stated that the impact of Environmental, Social and Governance (ESG) issues on financing for oil and gas projects has become disruptive, ...

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Shortage of Oil Refineries Haunts Africa as Fuel Prices Rocket

Shortage of oil refineries across sub-Saharan Africa coupled with soaring crude prices because of the war in Ukraine has left countries dangerously short of fuel supplies, disrupting airlines and causing queues at filling stations Reuters survey has shown. The surge in prices comes in tandem with a spike in the cost of food after Russia sent troops into Ukraine, hitting ...

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Dangote Refinery Will Expose Nigeria’s Midstream, Downstream Sectors to International Markets – Dangote

Alhaji Aliko Dangote, President, Dangote Group, has said the coming on stream of the Dangote Petroleum Refinery would expose Nigeria’s midstream and downstream sectors to the international markets. Dangote said the refinery being constructed in Ibeju-Lekki, Lagos would guarantee availability of high quality environmentally compliant products in Nigeria, regional markets in West Africa, Southern Africa and inter-continental markets. A statement ...

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Modular Refinery : Investors Seek Special Window to Source Forex from CBN

Participants at the just concluded Nigerian Content Midstream and Downstream Oil and Gas Summit organized by the Nigerian Content Development and Monitoring Board (NCDMB) have beckoned on the Central Bank of Nigeria (CBN) to create a unique window of forex access to facilitate seamless operations of modular refineries in the Nigerian oil and gas industry. This recommendation was part of ...

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FG Projects $289 Billion Local Refining in Five Years

The Federal Government has said it is targeting local refining of over 2.555 billion barrels of crude oil worth over N120trn in the next five years. The Executive Secretary of the Nigerian Content Development Monitoring Board, Simbi Wabote, made the disclosure on Monday during the ongoing Nigerian Content Midstream-Downstream Oil and Gas Summit 2022, organised by the board in Lagos. ...

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Modular Refineries Will Minimize Bunkering – IPMAN

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said that the setting up modular Refineries Will go a long way to minimize illegal Refineries and bunkering in the Niger Delta region. According to IPMAN government at all levels to should intensify efforts to check the operations of illegal refineries in the country. IPMAN’s President, Mr Chinedu Okoronkwo said the ...

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