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Two refineries process 331,705MT crude oil in one month

Port Harcourt Refineries Company (PHRC), and the Warri Refining and Petrochemical Company (WRPC), processed 331,705 Metric Tonnes (MT) of crude oil in October last...

Black gold managers reel out expectation for 2018

Ministers of oil resources in Organisation of the Petroleum Exporting Countries (OPEC), have reeled out expected challenges for the global oil sector in 2018. The...

It’s shameful Nigeria cannot refine own petrol – Kachikwu

…Says no permanent solution to fuel crisis without operational refineries The Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu, has decried the poor...

Fuel scarcity: Senate to grill Kachikwu, Baru, DPR today

The Senate will today question the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu; and the Group Managing Director, Nigerian National Petroleum Corporation,...

Stakeholders bemoan 2017 challenges, hope for better 2018

At the outset of 2017, the Federal Government had raised a lot of expectations regarding the future of Nigeria’s petroleum sector, upon which the...

FG to Review NNPC’s $6bn Oil Swaps-Kachikwu

Apparently scandalized by the acute petrol scarcity, which marred the Yuletide celebrations, the federal government is set to review the $6 billion Direct Sale-Direct...

After $21bn Loss, FG Moves to Amend Deep Offshore Act

Nigeria lost a whopping $21 billion to its failure to implement the premium element governing the country’s oil and gas production sharing contracts (PSCs)...

Oil Prices Hit $65 on North Sea Pipeline Closure

Oil prices in the international market sustained their rally on Tuesday, with the Brent crude, the international benchmark for crude oil, trading at $65.24...

Fuel scarcity persists in Abuja despite FG’s order

The queues for Premium Motor Spirit, popularly called petrol, persisted on Sunday in Abuja and some states despite the order by the Federal Government...

Supply shortfall cause of fuel scarcity – Kachikwu

Nigerian Minister of State for Petroleum Resources, Dr Ibe Kachikwu, says the major cause of the fuel scarcity currently being witnessed across the country...

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