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Lagos PETROAN Chapter strategizes to tackle petroleum marketing challenges, explores CNG investment opportunities
September 7, 2024DocumentaryDownstreamEnergy TransitionGasNewsOil & Gas

Lagos PETROAN Chapter strategizes to tackle petroleum marketing challenges, explores CNG investment opportunities

… as profit margins decline in petroleum retail, PETROAN urges members to diversify with additional service offerings   Oredola Adeola The Lagos State chapter of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) convened a strategic meeting with…

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Minister Heineken Lokpobiri debunks Dangote refinery’s claim of government price control in petrol market
September 5, 2024DownstreamNewsOil & Gas

Minister Heineken Lokpobiri debunks Dangote refinery’s claim of government price control in petrol market

… we increased loading hours at depots, vessels are being cleared promptly -NMDPRA Oredola Adeola Heineken Lokpobiri, Minister of State for Petroleum Resources (Oil), has refuted claims made by the Dangote Refinery that the petrol market is strictly regulated and…

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NNPC Ltd. attributes PMS price fluctuations to free market forces, exchange rates
September 5, 2024DownstreamNewsOil & Gas

NNPC Ltd. attributes PMS price fluctuations to free market forces, exchange rates

… scarcity will ease within a few days as more filling stations recalibrate, resume sales By Thelma Tokunbo The Nigerian National Petroleum Company Limited (NNPC Ltd.) has identified the illiquidity of foreign exchange (forex) as a key factor contributing to…

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Dangote says NNPCL yet to lift petrol from its refinery, debunks reports of sales at N897 per litre
September 5, 2024DownstreamMidstreamNewsOil & Gas

Dangote says NNPCL yet to lift petrol from its refinery, debunks reports of sales at N897 per litre

PMS market is strictly regulated, marketers have no control over fuel prices – Chiejina, Dangote spokesperson Oredola Adeola The Dangote Group has clarified that the Nigerian National Petroleum Company Limited (NNPC) has not yet commenced lifting Premium Motor Spirit (petrol)…

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Industry expert, Capt. Iheanacho, opposes Otedola’s call to dismantle petroleum depots in Nigeria
September 4, 2024DownstreamMidstreamNewsOil & Gas

Industry expert, Capt. Iheanacho, opposes Otedola’s call to dismantle petroleum depots in Nigeria

… warns depots absence in value-chain will cripple fuel supply … insists petroleum products depot owners crucial in Dangote petrol delivery Oredola Adeola Capt. Emmanuel Iheanacho, Chairman of Integrated Oil and Gas Ltd. has voiced strong opposition to recent comments…

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Aliko Dangote unveils first sample of petrol as Dangote refinery begins petrol production
September 3, 2024DownstreamMidstreamNewsOil & GasSustainability

Aliko Dangote unveils first sample of petrol as Dangote refinery begins petrol production

… announces petrol could reach filling stations in 48hrs, price to be set based on FG agreement Femi Otedola hails Dangote, urges MEMAN, DAPPMAN, others to prepare for depot dismantling amid market shifts NMDPRA says Dangote refinery to supply 25m…

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UPDATED: NNPCL raises PMS pump price to N855-N897 per liter 
September 3, 2024DownstreamNewsOil & Gas

UPDATED: NNPCL raises PMS pump price to N855-N897 per liter 

…petrol marketers shut station, marketers brace for ₦1,000/litre …scarcity bites harder   Oredola Adeola In an internal circular distributed on September 3, 2024, the Nigerian National Petroleum Company Limited (NNPCL) announced an upward review of its Premium Motor Spirit (petrol)…

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NIPCO Gas, NNPCL commission Lekki gas distribution project with 100 MMSCFD capacity
August 29, 2024DownstreamEnergy TransitionGasGenerationGreen FinanceMidstreamNewsSustainability

NIPCO Gas, NNPCL commission Lekki gas distribution project with 100 MMSCFD capacity

… NIPCO Gas, NNPCL operationalize gas supply to 24 MW power plant in Lagos Lekki Free Trade Zone Oredola Adeola NIPCO Gas, in collaboration with NNPC Gas Marketing Limited, has officially launched the Lekki Gas Distribution Project, boasting a capacity…

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NNPCL launches LNG shipments to Japan, China on DES basis, boosts global supply footprint 
August 26, 2024DownstreamFinanceGasMaritimeMidstreamNews

NNPCL launches LNG shipments to Japan, China on DES basis, boosts global supply footprint 

… NNPC Shipping Ltd intends to build a shipping portfolio, including owned vessels … schedules to deliver at least two more LNG cargoes to Asian market on a DES basis by November   Oredola Adeola The Nigerian National Petroleum Company…

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PETAN pledges to empower Uganda’s oil, gas sector with training investments
August 26, 2024DocumentaryDownstreamLocal ContentMidstreamNewsOil & GasService CompanyUpstream

PETAN pledges to empower Uganda’s oil, gas sector with training investments

… recommends strategic investments in training programmes to accelerate employment growth in Uganda   Thelma Tokunbo Petroleum Technology Association of Nigeria (PETAN) has pledged to support Uganda’s budding oil and gas industry through human capacity development initiatives, calling for investments in…

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