Oil & Gas - Abia ThinkTank News

Jan

16

2024

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By Abia ThinkTank

Private Operators To Handle Port Harcourt Refinery

Business, Economy, News Flash, Oil & Gas

NNPCL To Hand Over Port Harcourt Refinery To Private Operators As the Port Harcourt oil Refinery comes to life, the Nigerian National Petroleum Company Limited has concluded plans to hand over the government refinery to private operators. The NNPCL said it is seeking to engage reputable and credible operations and maintenance companies to operate and maintain the Port Harcourt Refining Company. This, it said, was “to ensure reliability and sustainability towards meeting the nation’s fuel supply and energy security obligations.” In a publication on its website on Monday, the NNPCL said the contract scope shall cover refinery business processes like…

Jan

15

2024

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By Abia ThinkTank

7 Oil Marketers Register With Dangote Refinery For Lifting And Distribution

Economy, News Flash, Oil & Gas

💥BREAKING 7 Oil Marketers In Nigeria Has Registered With Dangote Refinery For Lifting And Distribution Of Refined Products Produced By The 650,000bpd Oil Refinery. The 7 Marketers Are :●11 Plc.●Conoil Plc.●Ardova Plc.●MRS Oil Nigeria Plc.●OVH Energy Marketing Limited .●Total Nigeria Plc.●NNPC Retail. May Nigeria Succeed !!!

Jan

13

2024

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By Abia ThinkTank

Breaking News: Dangote Refinery Begins Production

Economy, News Flash, Oil & Gas

NEWSBREAKING: Dangote Refinery Begins Production Spread the loveProduction at the Dangote Refinery and Petrochemical Company commenced on Friday. The refinery received the fifth crude oil shipment of one million barrels of Bonny Light supplied by the Nigerian National Petroleum Corporation Limited last week. The 650,000 barrels per day oil processing facility started operations in May 2023. It is designed to process crude oil grades from the three continents of Africa, Asia and America. More details later…

Jan

08

2024

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NNPC Donates N200k PMS Voucher To Lady Mocked

Humanitarian, News Flash, Oil & Gas

NNPCL Donates N200,000 PMS Voucher To Lady Mocked For Waking Up At 4:50am To Cook For Husband A Nigerian woman has continued to garner support from numerous users who were impressed by her exemplary wifey duties. Criticism from certain women spurred netizens to contribute, resulting in donations exceeding N2 million for her. The lady identified as MumZee was criticised for disclosing that she wakes up at 4.50am daily to prepare food for her husband. She went viral after she shared on X how she started waking up at 4:50 am to cook for her husband after her husband told her…

Dec

22

2023

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By Abia ThinkTank

Jubilation As Port Harcourt Refinery Commence Operation

Economy, News Flash, Oil & Gas

Nationwide Jubilation As Portharcourt Refinery Commences Operation The Port Harcourt Refining Company, PHRC, Limited, with a combined capacity of 210,000 barrels per day, commenced operation on Wednesday. According to a video sighted by our correspondent, the refinery’s flare indicated the commencement of oil refining. The development comes months after the Minister of State for Petroleum (Oil) Senator Heineken Lokpobiri said in August that the Port Harcourt refinery will commence operation in December 2023. According to the Minister, the objective is to ensure the country stops importing fuel. Corroborating Lokpobiri’s stance, the Nigerian National Petroleum Corporation Limited, NNPCL, declared that importing…

Dec

09

2023

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Refineries Not Created To Reduce Petrol Price – NNPC Boss Kyari Clarifies To Senate Committee

Columns/Opinions/Letters, News Flash, Oil & Gas

Refineries Not Created To Reduce Petrol Price – NNPC Boss Kyari Clarifies The Nigerian National Petroleum Company (NNPC) Limited Group Chief Executive Officer (GCEO) Mele Kyari has clarified that the primary goal of rehabilitating the nation’s refineries is not to reduce petrol prices. The NNPP boss made the comment while appearing before a joint Senate committee. Mr. Kyari’s statement comes in response to questioning by the committee, particularly regarding the potential impact of functional refineries on petrol prices. While acknowledging the possibility of a price decrease, he stressed that this was not the main objective. Kyari further said the NNPC…

Nov

29

2023

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Tinubu Presents N27 Trillion Budget Size, Reconstitutes NNPC Board Management

News Flash, Oil & Gas, Politics, Presidency

Tinubu Proposes N27 Trillion Budget Size, Reconstitutes NNPC Board, Management Without N’Deltan At The Helm TinubuExpectedly, President Bola Tinubu will be presenting the country's highest budget proposal since the return of civil rule in 1999, to the National Assembly for legislative action this Wednesday. The Tinubu administration is proposing a budget size of N27 trillion for the 2024 fiscal year. Disturbingly, the president does not seem to find the Niger Delta, the oil and gas region that is still contributing more than 80 percent of Nigeria's earnings fit enough to head the state oil corporation, Nigerian National Petroleum Company (NNPC)…

Nov

27

2023

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Excitement As FGN Moves To Crash Cooking Gas Price

News Flash, Oil & Gas, Presidency

Excitement As FG Moves To Crash Cooking Gas Price The Federal Government has initiated a process to resolve challenges bordering on the supply and pricing of Liquefied Petroleum Gas in the country’s domestic market better known as cooking gas. A statement by Louis Ibah, spokesman for the Minister of State Petroleum Resources (Gas), Ekperikpe Ekpo, said the minister waded into the issue following a rise in the price of LPG per kg from about N700 to above N1,100 in some parts of the country. He said the meeting, at the instance of the minister, which was held at the NNPC…

Nov

23

2023

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Senate Vows To Sack, Jail NNPC Boss Mele Kyari, Others Over N12 Trillion ‘Fraud’

National Assembly, News Flash, Oil & Gas

Senate Vows To Sack, Jail NNPC Boss Mele Kyari, Others Over N12 Trillion ‘Fraud’ The Senate has vowed to sack and jail the group managing director of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari and other top executive officers of petroleum subsidiaries. The upper legislative chamber specifically threatened to sack the executive officers whose agencies were involved in the Turn Around Maitenance (TAM) projects of refineries in the country. The senate, on Wednesday, noted that from 2010 till date, over N12 trillion has been spent on TAM. The Senate also said that it has records of over $592…

Nov

23

2023

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Jubilation As Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres

Business, News Flash, Oil & Gas

Jubilation As A Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres A refinery located in Imo state has commenced operation in the country to contribute to solving the problem facing over 200million citizens. The refinery, located in Imo State, is already producing over 600 million litres of various products and dispatching 20 trucks daily. The federal government of Nigeria has praised the Waltersmith Modular Refinery for its contribution to meeting Nigeria’s energy needs at a crucial stage. The Minister of State for Petroleum Resources (Oil), Heineken Lokpobiri, who visited the refinery, stated that he was “very proud” of…