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CERAWeek: NNPC seeks Chinese, Indian investors for strategic investments in Nigeria’s refining, gas sector
March 13, 2025DownstreamMidstreamNewsOil & GasSustainabilityUpstream

CERAWeek: NNPC seeks Chinese, Indian investors for strategic investments in Nigeria’s refining, gas sector

…says robust regulatory reforms have transformed Nigeria into investors’ haven   The Nigerian National Petroleum Company Limited (NNPC Ltd) has urged investors from China, India, and other countries to seize opportunities in Nigeria’s oil and gas sector, particularly in refining…

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Nigeria to triple oil revenue through local refining – Sen. Lokpobiri
March 13, 2025DownstreamImpactMidstreamNews

Nigeria to triple oil revenue through local refining – Sen. Lokpobiri

… assures Petroleum Ministry agencies’ participation in OTL Africa Downstream Energy Week 2025 Oredola Adeola Senator Heineken Lokpobiri, Nigeria’s Minister of State for Petroleum Resources (Oil), has reaffirmed the government’s commitment to boosting local refining capacity, emphasizing that optimizing crude…

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PETROAN bemoans Dangote refinery’s market monopoly, persistent price cuts
March 11, 2025DownstreamMidstreamNewsOil

PETROAN bemoans Dangote refinery’s market monopoly, persistent price cuts

… claims sudden fuel price drop triggers billions in losses for marketers … calls for fuel imports to curb monopoly in market … seeks NMDPRA, FCCPC intervention to protect marketers Oredola Adeola The Petroleum Products Retail Outlet Owners Association of…

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NNPC confirms Naira-for-Crude deal with Dangote set to expire at end of March
March 11, 2025DownstreamMidstreamNewsOil

NNPC confirms Naira-for-Crude deal with Dangote set to expire at end of March

… reveals sale of 48 m barrels of crude in Naira between Oct. 2024, March 2025 Agreement records 24 m barrel shortfall – Advisors Reports Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited has announced that its six-month crude…

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Dangote Refinery offers ₦65/Litre refund to marketers on 200,000MT petrol
March 4, 2025DownstreamMidstreamNewsOil & Gas

Dangote Refinery offers ₦65/Litre refund to marketers on 200,000MT petrol

… as petrol gantry price drops from ₦890/L to ₦825/L .. reviews petrol prices: MRS to sell at ₦860/L in Lagos, Ardova, Heyden, Optima at ₦865/L Oredola Adeola Dangote Petroleum Refinery & Petrochemicals has announced a ₦65 per litre refund…

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Dangote refinery raises ex-depot price to N950/L, blames 15% rise in crude oil prices 
January 20, 2025DownstreamMidstreamNewsOil & GasUpstream

Dangote refinery raises ex-depot price to N950/L, blames 15% rise in crude oil prices 

…guarantees nationwide uniform petrol price of N970/L at Ardova, Heyden, MRS Holdings, absorbs logistics costs … speculates retail petrol price could hit N1,150-N1,200/L if full crude oil price increase is passed on Oredola Adeola Dangote Petroleum Refinery has increased its…

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NNPC increases CNG stations in Lagos to 10 with addition of 6 new mobile refueling units
January 17, 2025DownstreamGasMidstreamNews

NNPC increases CNG stations in Lagos to 10 with addition of 6 new mobile refueling units

Oredola Adeola The Nigerian National Petroleum Company (NNPC) Retail has unveiled six new Compressed Natural Gas (CNG) mobile refueling units, bringing the total number of CNG refueling stations in Lagos State to ten (10). This development was confirmed by the…

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FG inaugurates PISF to ensure dispute-free investments, drive policy, strengthen PIA compliance
January 17, 2025DocumentaryDownstreamMidstreamNewsOil & GasReview

FG inaugurates PISF to ensure dispute-free investments, drive policy, strengthen PIA compliance

PETAN Chairman advocates enforcement of Local Content Act to prioritize local contractors in divested assets   Oredola Adeola The Federal Government has established the Petroleum Industry Stakeholders Forum (PISF) as a platform for periodic engagement to review industry status, drive…

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Eterna Plc appoints Olumide Adeosun as New MD/CEO, succeeding Abiola Lawal
January 17, 2025DownstreamMidstreamNewsOil & GasSustainability

Eterna Plc appoints Olumide Adeosun as New MD/CEO, succeeding Abiola Lawal

… appointment to take effect February 3, 2025 Oredola Adeola Eterna Plc, an integrated energy company, has announced the appointment of Mr. Olumide Adeosun as its new Managing Director/CEO, succeeding Mr. Abiola Lawal, whose resignation will take effect on January…

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PENGASSAN attributes power sector woes, persistent grid collapses to incompetent leadership
January 16, 2025DistributionDownstreamGenerationImpactMidstreamNewsOil & GasUpstream

PENGASSAN attributes power sector woes, persistent grid collapses to incompetent leadership

…Osifo attributes high petrol prices to FX rate … says petrol price may drop to under N600/L, if Naira strengthens to below N1,000 per $ . Oredola Adeola The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has…

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