Supply local refineries or lose export permits, NUPRC warns oil firms
The Nigerian Upstream Petroleum Regulatory Commission has directed exploration and production companies to strictly adhere to the Crude Oil Supply Obligations for local refineries. The commission also warned that it would deny export permits for crude oil cargoes intended for domestic refining if oil companies fail to meet their local crude supply commitments. In a […]
New Leadership Appointments Signal Transformation at NNPC
In a strategic move aimed at bolstering Nigeria’s energy landscape, the Nigerian National Petroleum Company Limited (NNPC) has announced several high-profile appointments, enhancing both upstream and downstream operations. In a statement released on Wednesday night by Chief Corporate Communications Officer, Olufemi Soneye, the Board of Directors highlighted these changes as crucial steps toward reinforcing operational […]
The Case for Reducing Petrol Prices: Why Dangote Refinery Needs to Reflect Lower Production Costs
In a move to address the economic strain faced by Nigerians, the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has raised concerns about the pricing of petrol produced by Dangote Refinery. According to PETROAN’s spokesperson, Joseph Obele, the refinery’s current petrol pricing model is problematic, given the reduction in production costs to below […]