Refinery

Mr Mustapha Yakubu, Chief Operating Officer, Refineries & Petrochemicals, NNPC, says there is no fraudulent dealing in NNPC’s planned equity participation in Dangote Oil Refining Company (DORC).Yakubu made the declaration on Monday in Abuja while briefing newsmen. “Our attention has been drawn to media reports ascribing to me alleged fraudulent dealing around the plan by the NNPC to acquire equity ...

Early hopes of Nigeria’s refining capacity growing by 1,862,000 million barrels per day (bpd) has further been dashed as 40 firms are currently in possession of dormant refinery license, a Department of Petroleum Resources (DPR) refinery status report has revealed. Latest data from the DPR on the status of refinery licenses as at May 2021, further revealed that the 40 ...

The Nigerian Content Development and Monitoring Board, (NCDMB), the Nigerian National Petroleum Corporation, NNPC, and ZED Energy Limited over the weekend in Abuja signed shareholders agreement on the construction of Brass Petroleum Products Terminal Limited, BPPT, to be located at Okpoama, Brass Local Government Area, Bayelsa State. The estimated cost of the project is N10.5 billion. NCDMB and NNPC own ...

Governor of the Central Bank of Nigeria (CBN), Mr. Godwin Emefiele, yesterday, said the Dangote Petroleum Refinery as well as its Fertiliser Plant would save the country $3 billion annually, thereby conserving scarce foreign exchange. This is just as the President of the Dangote Group, Alhaji Aliko Dangote revealed that urea fertiliser from the Dangote Fertiliser Plant would hit the ...

The Federal Government has said a policy on the operations of artisanal refineries in the country would soon be unveiled. The Senior Special Assistant to the President on Niger Delta Affairs, Senator Eta Enang, explained that the policy would guide the ownership as well as regulate the operations of artisanal refineries in the country. “We are still working on the ...

…To Safeguard National Energy Security The Nigerian National Petroleum Corporation has revealed that it is currently considering equity participation in a number of private refineries in the country in line with a Federal Government policy directive which stipulates the mandatory participation of the Corporation in any privately-owned refinery that exceeds 50,000 barrels per day capacity in keeping with its statutory ...

The Nigerian National Petroleum Corporarion (NNPC) has said it has not taken a final decision on the acquisition of 20 percent Stake in the Dangote Refinery. Dr. Kennie Obateru, the Group General Manager, Public Affairs Division, told Financial Energy Review in a telephone conversation that the management of NNPC has not taken a decision on this proposal. “It is just ...

……James Ikenna…… …..as DPR targets to remit N900bn to FAAC in Q2…… The Nigerian National Petroleum Corporation (NNPC) has said it intend to pay N1.44 Trillion ($3 Billion) to acquire a 20 percent stake in the Dangote Refinery. NNPC said the negotiation for this equity stake in the yet to take-off Nigeria’s largest refinery is on- going and the intention ...

The Nigerian National Petroleum Corporation (NNPC) is now set to pick Engineering firms for the operation and maintenance (O&M) services of the nation’s three major Refineries. NNPC yesterday commenced a bidding process for the provision of the O&M services at the country’s three petroleum refineries. The facilities include: the Port Harcourt Refining Company (PHRC), Warri Refining and Petrochemical Company (WRPC) ...

… Says Project to Generate 3,000 Jobs as Construction Work Kicks off……….The Nigerian National Petroleum Corporation (NNPC) has kicked off construction work in the Port Harcourt Refinery rehabilitation project with a firm commitment not to fail Nigerians.A statement by the Group General Manager, Group Public Affairs Division of the NNPC, Dr. Kennie Obateru, quoted the NNPC Chief Operating Officer, Refineries ...