DPR Offers Revalidation Option For Refinery Licences       Relief may have come for holders of expired refinery licences as the Department of Petroleum Resources (DPR) on Tuesday said companies whose refinery project licences have become invalid could reapply for revalidation. At least 32 refinery project licences issued...

Waltersmith Modular Refinery Ready for Operations - DPR       The Department of Petroleum Resources (DPR) has said that the 5,000 barrels per day (bpd) Waltersmith Modular Refinery project is fully ready for operations. The Director of DPR, Mr Sarki Auwalu, stated this during a pre-commissioning visit to...

PIB: FG Plans Single Regulator For Midstream, Downstream Sectors       The Federal Government plans to set up Nigerian Midstream and Downstream Petroleum Regulatory Authority to regulate operators in the midstream and downstream oil industry, under the new Petroleum Industry Bill (PIB). The new PIB is currently before...

Oil Marketers Concerned About Possible Unrest When Prices Rebound         Petroleum marketers have urged the Federal Government to take decisive steps in addressing deregulation concerns in the downstream sector to avoid a civil unrest that may arise when oil prices rebound. According to the Major Oil Marketers...

2021 Budget: Increasing IGR To Stave Off Debt Accumulation         Two things that stood out in President Muhammadu Buhari’s 2021 budget presentation at the National Assembly last week are the desire to steer the economy away from racking up debts to increasing its revenue generation capacity...