At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy

At NCDMB Summit, FG Seeks Domestic Refining Capacity Synergy

By Moses Ebosele, ebosele@hotmail.com   — The Federal Government has called for synergy among stakeholders in the midstream and downstream sector as part of measures to strengthen local content and boost the country’s domestic refining capacity. In an address at the opening...
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A’Ibom Unveils Coconut Oil Refinery, Targets 3,000 Jobs 

A’Ibom Unveils Coconut Oil Refinery, Targets 3,000 Jobs 

The Akwa Ibom State Government has commissioned what its described as Africa’s first digital coconut oil refinery   Commissioning the factory located in Ikot Akpan Okop village in Mkpat Enin Local Government Area on Friday,  former G...
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Dangote Refinery To Reduce Africa’s Petroleum Importation by 36%, Says APPO

Dangote Refinery To Reduce Africa’s Petroleum Importation by 36%, Says APPO

African Petroleum Producers Organisation (APPO) has said that the establishment of Dangote Oil Refinery will bring about a 36 per cent reduction in the importation of petroleum productions into the continent. Besides, the organisation expressed a belief that t...
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NNPC Explains Fire Outbreak At Port Harcourt Refinery

NNPC Explains Fire Outbreak At Port Harcourt Refinery

The Nigerian National Petroleum Corporation (NNPC), on Sunday, described January 1, 2022 fire outbreak at the Port Harcourt Refining Company (PHRC) as minor.  According to NNPC, the fire, caused by a spark while a 33,000-litre truck was discharging naphth...
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Military Deactivates 69 Illegal Refining Sites

Military Deactivates 69 Illegal Refining Sites

Operation Delta Safe have discovered and deactivated a total of 69 illegal refining sites in different parts of the Niger Delta region of the country, the Defence Headquarters has disclosed/The Acting Director, Defence Media Operation, Brig.-Gen. Bernard Onyeu...
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Obaseki: Ologbo Modular Refinery Ready For Production

Obaseki: Ologbo Modular Refinery Ready For Production

Edo State Governor,  Godwin Obaseki says the modular refinery in Ologbo, Ikpoba – Okha Local Government Area (LGA) of the state was ready for production.  Obaseki stated this shortly after he was conducted round the facility by the Managi...
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Crude Oil Price Falls For Fifth Straight Day

Crude Oil Price Falls For Fifth Straight Day

Oil prices dropped for a fifth day on Thursday after official data showed a sustained rise in U.S. crude and fuel inventories, while the ever-present pandemic clouded the demand outlook.Brent crude was down 12 cents, or 0.2%, at $67.88 a barrel...
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FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery

FEC Approves $1.5b For Rehabilitation Of Port Harcourt Refinery

The Federal Executive Council (FEC) presided over by President Muhammadu Buhari on Wednesday approved 1.5billion dollars for the rehabilitation of the Port Harcourt Refinery in Rivers State.  Minister of State for Petroleum Resources, Timipre Sylva, made ...
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Bayelsa Seeks Private Investors For Modular Refinery

Bayelsa Seeks Private Investors For Modular Refinery

The Bayelsa  Government is shopping for investors to establish a modular refinery as part of measures to fasttrack socio-economic development of the State. The Technical Adviser to the Governor on Investment, Dr Jonathan Obue...
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Heritage Bank’s  Academy, CBN, 25 Others Receive CIBN’s Certificates of Accreditation

Heritage Bank’s Academy, CBN, 25 Others Receive CIBN’s Certificates of Accreditation

The Chartered Institute of Bankers of Nigeria (CIBN) has official presented Certificates of Accreditation to Heritage Bank Plc Academy known as “The Refinery” and the Central Bank of Nigeria (CBN) Learning Centre.   The Institute via a Zoom virtual platf...
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Dangote Refinery Takes Delivery Of Crude Refining Equipment

Dangote Refinery Takes Delivery Of Crude Refining Equipment

The Dangote Oil Refinery Company on Sunday took delivery of what it described as the world’s largest crude distillation equipment. Capt. Rajen Sachar, Head, Maritime and Ports Infrastructure of Dangote, told newsmen at the arrival of the equipment in Lagos.....
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NNPC: Rehabilitation In PH Refinery Still Ongoing

NNPC: Rehabilitation In PH Refinery Still Ongoing

The Nigerian National Petroleum Corporation (NNPC) has said that the rehabilitation of the two Port Harcourt Refineries were still ongoing. Mr Ndu Ughamadu, the Group General Manager, Group Public Affair Division disclosed this to News Agency of Nigeria (NAN),...
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Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School

Heritage Bank’s Training Institute gets CIBN accreditation As Refinery School

Heritage Bank Plc’s training school, known as The Refinery, for new entrant staff, has been accredited by the Governing Council of the Chartered Institute of Bankers of Nigeria. The Refinery, supervised by the Bank’s Human Capital Management Group, was acc...
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Oando’s interest in Port Harcourt Refinery, a patriotic act, says Tinubu

Oando’s interest in Port Harcourt Refinery, a patriotic act, says Tinubu

The Chief Executive Officer of Oando Plc, Mr. Wale Tinubu has described the firm’s involvement in Port Harcourt refinery as a ‘patriotic act’.    Tinubu, who appeared before the Senate Joint Committee on Petroleum Resources chaired by Senator Kabir Mar...
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