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Local refineries reach 48mlpd PMS production – FG
Federal Government has disclosed that local production of premium motor spirit (PMS) or petrol has hit 48 million litres per day (lpd). petrol Special Adviser to the President on Oil and Gas, Mrs Olu Verheijen, who disclosed this at the…
NMDPRA set to introduce gas tariff, pricing framework
Chief Executive Officer of the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Rabiu Abdullahi Umar, had disclosed that a gas tariff regulation is underway, adding that the agency would unveil a proper pricing framework at its next meeting. Umar…
FG, retailers disagree over rising cost of cooking gas
Federal Government and Liquefied Petroleum Gas (LPG) or cooking gas retailers have differed on the reasons for the scarcity and high prices of the commodity in the market. While government insists the current scarcity and consequently high prices of the…
FG orders crackdown on hoarding, tasks NMDPRA to stabilise LPG prices
The Federal Government has directed regulators in the energy sector to intensify market surveillance and work closely with security agencies to eliminate sharp practices responsible for artificial scarcity and rising prices of Liquefied Petroleum Gas (LPG), commonly known as cooking…
WIEN Congratulates Mrs. Elohor Aiboni on appointment as EVP/Chairman of Shell in Nigeria
Africa’s leading gender equity advocate in the energy industry, the Women in Energy Network (WIEN), has congratulated one of its distinguished Board of Trustees members and prominent professionals, Mrs. Elohor Aiboni, on her appointment as Executive Vice President and Chairman…
Petrol retailers back NMDPRA on import license policy to drive down pump prices of product
Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has thrown its weight behind last month’s decision by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) to issue import licences to six marketers. The group noted that increased competition among…
Petrol importation jumps by 59.5% in May, despite higher local output — NMDPRA
Despite issuing petrol import licenses to six firms in May, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has said that last month’s spike in the importation of the product was due to strategic transformation in the energy sector. NMDPRA had,…
NMDPRA issues license to indigenous firm for 30, 000bpd capacity refinery in Rivers
Nigerian Midstream and Downstream Petroleum Regulatory Authorities (NMDPRA) has presented a License to Construct (LTC) to the Foster Petroleum Development Company Limited for the development of a 30,000 bpd (barrels per day) capacity refinery in Gokana, Rivers State. According to a…
TotalEnergies, NNPC renew emission mitigation partnership
TotalEnergies EP Nigeria Limited and Nigerian National Petroleum Company (NNPC) Limited have renewed their cooperation agreement on deployment of patent technology for emission detection and control at operated oilfield assets in Nigeria. The deal entails continued deployment of AUSEA technology,…
NUPRC sets 1.9mbpd oil target record May output
Nigerian Upstream Petroleum Regulatory Commission (NUPRC) said Wednesday it is targeting crude oil production of 1.9 million barrels per day (mbpd) after output reached 1.86 mbpd in May. NUPRC Chief Executive Oritsemeyiwa Eyesan, who disclosed this during a courtesy visit…
