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Tag Archives: NNPC

Assessing Nigeria’s Quest to End Petrol Importation

Nigeria’s dream of becoming a net exporter of petroleum products is gradually coming through, writes Peter Uzoho With the 650, 000 per day capacity Dangote Refinery and Petrochemical Plant nearing completion, and the 445, 000 per day refinery of the Nigerian National Petroleum Corporation (NNPC) witnessing aggressive Turn Around Maintenance …

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Assessing Nigeria’s Quest to End Petrol Importation

Nigeria’s dream of becoming a net exporter of petroleum products is gradually coming through, writes Peter Uzoho With the 650, 000 per day capacity Dangote Refinery and Petrochemical Plant nearing completion, and the 445, 000 per day refinery of the Nigerian National Petroleum Corporation (NNPC) witnessing aggressive Turn Around Maintenance …

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Nigeria to leverage on condensate refineries to be petrol net exporter

Mele Kyari, Group Managing Director, NNPC. In order to achieve the nation’s goal of refining fuel, the Nigerian National Petroleum Corporation (NNPC) has disclosed that it’s in the process of establishing two new 200,000 barrels-per-day condensate refineries. According to a statement by NNPC’s Group Managing Director, Mele Kyari, upon completion, the …

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Saudi Aramco, NNPC to collaborate to revamp dilapidated Nigerian refineries

President Buhari and King Salman The Nigerian National Petroleum Corporation (NNPC) is expected to work with Saudi Aramco to renovate the refineries, a move in line with the President-Muhammadu Buhari-led administration’s goal. The collaboration between NNPC and Saudi Aramco is part of the outcome of President Buhari’s visit to Saudi Arabia where …

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FLASHBACK: What Nigeria’s Former Minister Said In 2017 About Ending Petrol Importation In 2019

Ibe Kachikwu   Despite the pledge by former Minister of State for Petroleum Resources, Ibe Kachikwu, that Nigeria would end petrol importation by 2019, government would again spend about N450bn next year on fuel subsidy. This is despite the commitment by the Nigerian National Petroleum Corporation to rehabilitate the country’s …

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Nigerian refineries processed no crude in one month

Okechukwu Nnodim The combined yield efficiency of Nigeria’s refineries has crashed to zero, the latest report on the performance of the facilities has shown. Nigeria’s refineries are the Warri Refining and Petrochemical Company, Kaduna Refining and Petrochemical Company, and Port Harcourt Refining Company. In the report, which was released by …

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NNPC seeks Russian firms’ partnership to revamp oil refineries |

As the timeline to revamp Nigeria’s four oil refineries in 2023 edges closer, the Nigerian National Petroleum Corporation (NNPC) has met with some Russian firms, which includes a state owned company and private entities to help bring the refineries back to life. The Details: This was publicly announced by the …

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Nigeria budgets N450 billion for petrol subsidy in 2020 – Minister

The federal government has said it will spend about N450 billion next year on fuel subsidy. This is despite the commitment by the Nigerian National Petroleum Corporation (NNPC) to rehabilitate the country’s four refineries to stop importation of petroleum products. A former NNPC chief and ex-petroleum minister, Ibe Kachikwu, had …

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Nigeria budgets N450 billion for petrol subsidy in 2020 – Minister

The federal government has said it will spend about N450 billion next year on fuel subsidy. This is despite the commitment by the Nigerian National Petroleum Corporation (NNPC) to rehabilitate the country’s four refineries to stop importation of petroleum products. A former NNPC chief and ex-petroleum minister, Ibe Kachikwu, had …

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NNPC blames malfunctioning refineries on lack of maintenance

The Group Managing Director, Nigerian National Petroleum Corporation (NNPC), Mele Kyari has blamed the poor condition of the country’s refineries on lack of maintenance of its facilities. During his appearance before the House of Representatives Committee on Petroleum (Upstream), the NNPC boss said the main reason why the refineries are …

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