Oil & Gas

Nov
29
2023
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By Abia ThinkTank
Tinubu Presents N27 Trillion Budget Size, Reconstitutes NNPC Board Management

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)…
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Nov
27
2023
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By Abia ThinkTank
Excitement As FGN Moves To Crash Cooking Gas Price

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…
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Nov
23
2023
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By Abia ThinkTank
Senate Vows To Sack, Jail NNPC Boss Mele Kyari, Others Over N12 Trillion ‘Fraud’

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…
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Nov
23
2023
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By Abia ThinkTank
Jubilation As Refinery Finally Commences Operation In Nigeria, Produces Over 600M Litres

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…
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Nov
22
2023
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By Abia ThinkTank
FIRS Demands Tax Compliance By Crude Lifting Shipping Firms

FIRS Demands Tax Compliance By Crude Lifting Shipping Firms

Business, News Flash, Oil & Gas
FIRS Demands Tax Compliance By Crude Lifting Shipping Firms The Chairman, Federal Inland Revenue Service (FIRS), Zacch Adedeji, has charged non-domestic companies shipping crude oil from Nigeria to ensure strict compliance with the country’s tax laws in their operations. Adedeji gave the charge in Lagos at a workshop on taxation of non-resident shipping companies organised by the FIRS in conjunction with Oil Producers Trade Section (OPTS) on Monday. He said the tax compliance exercise commenced by FIRS on the activities of foreign shipping companies lifting hydrocarbons from Nigeria was part of measures aimed at widening the tax net in order…
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Nov
17
2023
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By Abia ThinkTank
Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries – Presidency

Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries – Presidency

Economy, News Flash, Oil & Gas
💥BOOM After A Successful Outing In Saudi Arabia, President Tinubu Returns To Africa. President Tinubu Went To Riyadh For Serious Business. ●President Tinubu Sealed Investment Deals With The Saudis In Agriculture, Oil And Gas , Electricity, Telecommunications And Technology Sectors. ●Saudi Arabia Through Its State Owned Oil Company, Aramco Will Help Nigeria Revamp Our Oil Refineries . ●Saudi Arabia Also Pledged To Help Nigeria Strengthen The Naira And Support Food Security In Nigeria. SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc who are…
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Nov
09
2023
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By Abia ThinkTank
Good News For Nigeria As Masters Energy Oil And Gas Commences The Construction Of A $500m Gas Storage Facility

Good News For Nigeria As Masters Energy Oil And Gas Commences The Construction Of A $500m Gas Storage Facility

Economy, News Flash, Oil & Gas
💥BREAKING Good News For Nigeria As Masters Energy Oil and Gas Commences The Construction Of A $500m Gas Storage Facility This Is In Line With President Tinubu's Gas Infrastructure Development Plan. This is a good development in the oil and gas sector. There is hope for Nigeria !! Details Coming Soon SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc who are involved in the above events and others not mentioned during this Xmas period to reach out and showcase their event to the…
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Nov
07
2023
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By Abia ThinkTank
The Federal Government Will Cancel Licences Of Oil Refineries Not In Use – Minister Of Petroleum(Oil)

The Federal Government Will Cancel Licences Of Oil Refineries Not In Use – Minister Of Petroleum(Oil)

Abuja, Oil & Gas, Presidency
💥BREAKING The Federal Government To Cancel Licenses Of Oil Refineries Not In Use . ●The Minister Of Petroleum Has Liberalise Process To Acquire Licenses To Make Way For New Players In The Oil Sector Especially Those Who Want To Establish Refineries To Do That Without Frustrations . ●If You Aren't Ready To Be An Active Player Don't Acquire Licenses…Nigeria Needs Active Refineries. SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc who are involved in the above events and others not mentioned during this…
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Nov
04
2023
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By Abia ThinkTank
State Owned Refineries Given Deadline To Kick-Start Operations – Minister Of Petroleum(Oil)

State Owned Refineries Given Deadline To Kick-Start Operations – Minister Of Petroleum(Oil)

Abuja, FGN, Oil & Gas
💥BOOM State Owned Refineries And Deadline To Kick-start Operations According To The Minister Of Petroleum : ●Port-Harcourt Oil Refinery With 210,000bdp To Begin Operations By December 2023. ●Warri Refinery With 125,000bpd Expected To Begin Operation Between 1st-2nd Quarter Of 2024. ●Kaduna Refinery With 110,000bdp Expected To Begin Operation By Ending Of 2024. ●The Ajaokuta-Kaduna-Kano 614km Gas Pipeline Project Will Be Delivered By 2024 ●This Is According To The Minister Of Petroleum (Oil). MAY NIGERIA Succeed SPECIAL ADVERT PROMO FOR 2023 IGBA-OTOMU, IGBA-UCHE, IGBA-EKPE, IZU-UCHE, IGBOTONMA AND IZA-AFA This is a special promo designed for our brothers, sisters, mothers, fathers etc…
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Oct
29
2023
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By Abia ThinkTank
Kaduna Refinery To Be Ready By The End Of 2024 – Senator Heineken Lokpobiri, Hon. Minister Of State For Petroleum Resources(Oil)

Kaduna Refinery To Be Ready By The End Of 2024 – Senator Heineken Lokpobiri, Hon. Minister Of State For Petroleum Resources(Oil)

Economy, News Flash, Northern Nigeria, Oil & Gas
KADUNA REFINERY TO BE READY BY THE END OF 2024 The Honorable Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed that the ongoing quick-fix project at the Kaduna Refinery and Petrochemicals Company Limited, KRPC, will be back on stream by the end of 2024. The Minister disclosed this during an inspection tour of Kaduna Refinery & Petrochemicals while assessing the progress of work on the ongoing quick-fix project of the Refinery in Kaduna on Saturday. Lokpobiri said he is confident that the refinery will be restreamed by the end of 2024, considering the “significant level of…
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