Oil & Gas

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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Oct
16
2023
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By Abia ThinkTank
Fuel Scarcity Hits Lagos And Environs; Scarcity Attributed To Bad Roads And High Cost Of Diesel For Distribution

Fuel Scarcity Hits Lagos And Environs; Scarcity Attributed To Bad Roads And High Cost Of Diesel For Distribution

Business, Lagos, Oil & Gas
Fuel Scarcity Hits Lagos And Environs As Most Petrol Stations Are Shut Petrol: Oil marketers shut filling stations as scarcity spreads to Lagos, environsTHERE were indications, yesterday, that petrol scarcity has returned to Lagos and its environs as many oil marketers shut their outlets against motorists and other buyers. The scarcity was noticed in Abuja and environs last week, development oil marketers had attributed to bad roads and high cost of diesel for distribution. But checks by Vanguard, over the weekend, indicated that many independent and major oil marketers were not open for business, leaving only the NNPC Limited to…
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Oct
10
2023
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By Abia ThinkTank
Just-In: NNPC Will Be The Sole Importer Of Petrol As In The Past – Mele Kyari

Just-In: NNPC Will Be The Sole Importer Of Petrol As In The Past – Mele Kyari

Abuja, Oil & Gas
JUST-IN: NNPC Will Be The Sole Importer Of Petrol As In The Past – Mele Kyari The Nigerian National Petroleum Company Limited (NNPCL) has resumed being the sole importer of petrol into the country barely five months after announcing that it would no longer do so. NNPCL Group Chief Executive Officer Mele Kyari disclosed this at the ongoing Energy Labour Summit organised by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) in Abuja. Kyari blamed the decision on foreign exchange issues, which have made it difficult for private companies to import petroleum products. “We are the only…
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Oct
07
2023
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By Abia ThinkTank
News Breaking: NNPCL Speaks On Plan To Increase Petrol Pump Prises

News Breaking: NNPCL Speaks On Plan To Increase Petrol Pump Prises

Oil & Gas, Human Rights, Power & Energy
NEWS BREAKING: NNPCL Speaks On Plan To Increase Petrol Pump Prices The Nigerian National Petroleum Company (NNPC) Limited has denied plans to increase its pump prices, AttNews reports. NNPC, in a statement issued Friday, said it values its customers’ patronage and does not intend to increase its Premium Motor Spirit (PMS) pump prices. “Our retail stations sell the best quality products at the most affordable prices,” the statement read. The NNPC has increased its pump prices twice since President Bola Tinubu assumed office on May 29, declaring that “fuel subsidy is gone.” The increase has led to a rise in…
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Oct
04
2023
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By Abia ThinkTank
Ibe Kachikwu, Benedict Peters Mentioned In Criminal Charges Leveled Against Diezani Alison-Madueke

Ibe Kachikwu, Benedict Peters Mentioned In Criminal Charges Leveled Against Diezani Alison-Madueke

FGN, Judiciary, Oil & Gas
Ibe Kachikwu, Benedict Peters Mentioned In Criminal Charges Leveled Against Diezani Alison-Madueke Ibe Kachikwu, a former minister of state for petroleum resources, has been mentioned in the criminal charges leveled against Diezani Alison-Madueke. In the court process seen by TheCable, Kachikwu was mentioned alongside Benedict Peters, Aiteo chief executive officer (CEO), and Haruna Momoh, a former managing director of pipelines and product marketing company (PPMC). According to the court process, Kachikwu was bribed in August 2015 “with the intention of influencing with his capacity as a foreign public official”. Other Nigerians mentioned in the court process are Olatimbo Bukola Ayinde…
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Aug
30
2023
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By Abia ThinkTank
Just In: Tinubu Sacks Lauretta Onochie; Appoints New Chairman And Members Of Board Of Niger Delta Development Commission(NDDC)

Just In: Tinubu Sacks Lauretta Onochie; Appoints New Chairman And Members Of Board Of Niger Delta Development Commission(NDDC)

Oil & Gas, Politics
President Bola Tinubu has dismantled the current board and management of the Niger Delta Development Commission (NDDC) President Bola Tinubu has revoked the existence of the present NDDC board and management, which was led by Lauretta Onochie. Consequently, he has sanctioned the establishment of an entirely new NDDC board and management. Tinubu appointed Chiedu Ebie from Delta State as the new chairman of the boaThe president’s media aide, Ajuri Ngelale, released a statement on Tuesday confirming that the new appointments were effective immediately. The newly appointed individuals are Chiedu Ebie (Chairman – Delta), Samuel Ogbuku (Managing Director/CEO – Bayelsa), Boma…
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Aug
17
2023
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By Abia ThinkTank
Tinubu Drops El-Rufai From Cabinet, Set To Appoint Self As Petroleum Minister

Tinubu Drops El-Rufai From Cabinet, Set To Appoint Self As Petroleum Minister

Presidency, Oil & Gas
Tinubu Drops El-Rufai From Cabinet, Set To Appoint Self As Petroleum Minister President Bola Ahmed Tinubu might likely assign the Petroleum Ministry portfolio to himself as he dropped former Kaduna state governor, Mal. Nasiru El-Rufai from his cabinet. On Wednesday evening, Tinubu through a statement signed by Willie Bassey, the Director, Information in the office of the Secretary to the Government of the Federation, announced the portfolios of the 45 ministerial nominees confirmed by the senate. Former Rivers State governor Nyesom Wike emerged as Minister of Federal Capital Territory (FCT) and Festus Keyamo as head of the Aviation Ministry, while…
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Aug
17
2023
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By Abia ThinkTank
Petrol Pump Price Won’t Go Up, Subsidy Remains – President Tinubu

Petrol Pump Price Won’t Go Up, Subsidy Remains – President Tinubu

Oil & Gas, Economy
Petrol Price Won’t Go Up, Subsidy Removal Stays – Tinubu Following rumours of a hike at the weekend, there was panic buying in some places, with Labour threatening a nationwide strike without notice should there be a further price adjustment. The Nigerian National Petroleum Company Limited (NNPCL) said it had no plan to adjust the current pump price. Ngelale stressed that Labour’s strike threat was premature. He told reporters at the Presidential villa that the steps being taken to clean up inefficiencies within the petroleum industry continue. He said: “The President wishes, first, to state that it is incumbent upon…
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