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First petrol delivery from Dangote Refinery expected in September- FG confirms 
August 19, 2024DownstreamLocal ContentMidstreamNewsOil & Gas

First petrol delivery from Dangote Refinery expected in September- FG confirms 

… reveals crude oil sales in Naira to Dangote, other domestic consumers begin October 1, 2024   Thelma Tokunbo   The Federal Government has announced that the first Premium Motor Spirit (petrol) delivery from the Dangote Refinery is expected in…

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AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion
August 19, 2024DocumentaryDownstreamFinanceMidstreamNewsUpstream

AFS: NNPC Limited reports N700bn (28%) increase in 2023 Net Profit to N3.248 trillion

… denies subsidy payment, says it was only taking care of PMS importation shortfall … cites distribution, logistics challenges as causes of fuel scarcity in Lagos, Abuja   Oredola Adeola The Nigerian National Petroleum Company (NNPC) Limited, in its 2023 Audited…

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Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations
August 18, 2024DownstreamMaritimeMidstreamNewsOil & GasUpstream

Matrix Energy Group reaffirms commitment to quality, integrity amidst dirty petrol import allegations

… we did not discharge 200,000 metric tons of PMS into our facility in July 2024 – Akinola, Matrix Spokersperson Oredola Adeola Matrix Energy Group has asserted that its imported petroleum products meet the specifications set by the Nigerian Midstream…

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NNPC Ltd is not owing $6.8bn – Soneye responds to critics
August 18, 2024DownstreamFinanceMidstreamNews

NNPC Ltd is not owing $6.8bn – Soneye responds to critics

.. refutes claims of non-remittance, affirms regular tax payments to Federation Account  Thelma Tokunbo The Nigerian National Petroleum Company Limited (NNPC Ltd.) has refuted a media report claiming that the company owes international oil traders $6.8 billion and has not…

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Tinubu reactivates Gulf of Guinea gas pipeline agreement
August 15, 2024DocumentaryEnergy TransitionGasMidstreamNewsUpstream

Tinubu reactivates Gulf of Guinea gas pipeline agreement

…signs new MoU with Equatorial Guinea Oredola Adeola President Bola Tinubu and Equatorial Guinean President Teodoro Obiang Nguema Mbasogo in Malabo signed an agreement on Gulf of Guinea pipeline project paving the way for the commercialization of Nigerian gas untapped…

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Ministry of Petroleum Resources confirms participation in 2nd edition of Gas Investment Forum in October
August 14, 2024AdvertorialEnergy TransitionGasMidstreamNewsUpstream

Ministry of Petroleum Resources confirms participation in 2nd edition of Gas Investment Forum in October

Oredola Adeola The Ministry of Petroleum Resources has officially confirmed its participation in the upcoming 2nd edition of the Gas Investment Forum, set to take place in Lagos this October, as part of its ongoing commitment to advancing Nigeria’s gas…

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Nigeria achieves highest crude oil production in 3 years, thanks to military’s anti-theft efforts – Kyari, NNPCL GCEO
August 14, 2024MidstreamNewsOil & GasOil theftSabotageUpstream

Nigeria achieves highest crude oil production in 3 years, thanks to military’s anti-theft efforts – Kyari, NNPCL GCEO

…General Musa unveils anti-crude oil theft Monitoring Team to liaise with NNPCL, stakeholders   Thelma Tokunbo Mr. Mele Kyari, Group CEO of the Nigerian National Petroleum Company (NNPC) Limited, has announced that Nigeria has reached a new peak in oil…

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NIPCO PLC achieves 69% turnover increase in 2023 despite product, FX challenges
August 12, 2024DownstreamEnergy TransitionGasMidstreamNewsOil & Gas

NIPCO PLC achieves 69% turnover increase in 2023 despite product, FX challenges

… gears up for a promising 2024, focuses on strategic investments, expansion of gas infrastructure Oredola Adeola NIPCO PLC, one of Nigeria’s leading downstream oil and gas companies, has recorded a 69 percent increase in turnover for the fiscal year…

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Dangote secures $5.33m for importation of gasoil, LPFO from $105.33m CBN FX auction allocation
August 12, 2024DownstreamFinanceGasMaritimeMidstreamNews

Dangote secures $5.33m for importation of gasoil, LPFO from $105.33m CBN FX auction allocation

…. secures $105.33m out of total of $876.26 million at a rate of N1,495/$1   Oredola Adeola The Dangote Oil & Gas Company Limited received $5.33 million for the importation of gasoil and low-pour fuel oil (LPFO), during the most recent…

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NUPRC dismisses Dangote Refinery’s allegations of weak enforcement of Domestic Crude Supply Obligation
August 9, 2024MidstreamNewsOilUpstream

NUPRC dismisses Dangote Refinery’s allegations of weak enforcement of Domestic Crude Supply Obligation

… reaffirms active enforcement of PIA Section 109 for Domestic Crude Supply to Dangote, others, on ‘willing buyer, willing seller’ basis … Dangote Refinery secures 29,047,098 barrels (90.6%) of domestic crude supply in H1 2024 … PH, Warri, 7 other…

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