Refinery

………….by James Ikenna………….. The Department of Petroleum Resources (DPR) has said it has not revoked any refinery license. The Department debunked the report that the licences of 32 refineries issued to private companies in Nigeria has been revoked. DPR said its attention has been drawn to a report in some publications stating that DPR has revoked 32 refinery licences issued ...

……..by Ibrahim Musa…….. …….Project Beneficial will checkmate arbitrary price hike, create jobs – BUA Boss……… The Chairman, Dangote Industries Limited, Alhaji Aliko Dangote, alongside Chairman, Flour Mills of Nigeria Plc, Mr. John Coumantaros, are kicking against the N250 million Sugar refinery established by BUA in Port Harcourt.Accordingly to them the establishment of a new sugar refinery plant in the country ...

The Independent Petroleum Marketers Association of Nigeria (IPMAN) has lauded the Federal Government for its effort to rehabilitate the Port Harcourt Refinery.IPMAN’S president, Mr Chinedu Okoronkwo, said on Wednesday in Lagos that having functional refineries was in the best interest of the nation.The Nigerian National Petroleum Corporation (NNPC) and an Italian company, Tecnimont SpA, had on Tuesday signed an agreement ...

The Nigerian National Petroleum Corporation (NNPC) has signed an Engineering, Procurement & Construction (EPC) contract with Tecnimont SpA. The deal is for the rehabilitation of Port Harcourt Refining Company (PHRC). This was disclosed by NNPC via its Twitter handle on Tuesday. It tweeted, “Signing Ceremony of Engineering, Procurement & Construction (EPC) Contract for the Rehabilitation of Port Harcourt Refining Company ...

…As NNPC, NEITI Renew Commitment to Deepen TransparencyThe Nigerian National Petroleum Corporation (NNPC) has begun to reap the benefit of its management’s commitment to transparency and accountability with bountiful opportunities of private sector financing for its projects.This was disclosed by the Group Managing Director of the NNPC, Mallam Mele Kyari, while playing host to the management team of the Nigeria ...

…Provides Justification for $1.5billion Refinery EPC Project…..The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Mallam Mele Kyari, has described the recently approved rehabilitation exercise of the 210,000 barrels per day capacity Port Harcourt Refinery as a worthy undertaking embarked upon after diligent consideration and in strict adherence to industry best standards.Speaking to reporters at the NNPC Towers, ...

The Nigerian National Petroleum Corporation (NNPC), Group Managing Director, Mele Kyari has said that Nigeria cannot afford a brand new refinery of the size of Port Harcourt Refinery now. According to him the country does not have the financial muscle now to build a new refinery going by the economic situation of the country. He pointed out that in building ...

The Nigerian National Petroleum Corporation (NNPC) has revealed the basic condition given by the lender, Afreximbank, to fund the rehabilitation of the Port Harcourt refinery. The corporation stated that the financial institution insisted that the NNPC will not operate and manage the refinery upon completion of the rehabilitation work, but rather a private-sector partner. This was disclosed by the Group ...

The Nigerian Content Development and Monitoring Board says the 2,500 Barrels Per Day modular refinery being established at Egbokor, Edo State would be ready for inauguration by the fourth quarter of 2021. A statement posted on the NCDMB Twitter account on Sunday by its Corporate Communications Department, said the Executive Secretary of the Board, Simbi Wabote, gave the assurance after ...

The Federal Government last week came under severe attacks over Federal Executive Council’s (FEC) approval for the rehabilitation of the Port Harcourt refinery at a cost of $1.5 billion. This was even as the Port Harcourt Refining Company posted a loss of N229.14 billion from 2015 to 2019 but generated a paltry N10.33 billion for the same period, according to ...