FG Directs 9,000 Filling Stations To Install Gas Facilities     The Federal Government, through the Department of Petroleum Resources, has directed 9,000 filling stations in the country to commence the installation of facilities for gas products. The Director, DPR, Mr Sarki Auwalu, said the agency issued the...

FG Discloses When Nigeria Will Start Exporting Petroleum Products     The Federal Government has disclosed that Nigeria will be a net exporter of petroleum products by 2022 with the five built refineries across the country and the 7 refineries that are currently under construction. The disclosure was...

Nigeria’s Domestic Refining Capacity Rises By 3.8% — Report     The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 per cent. The refining capacity of...

More Than 600 Firms Bid For 57 Marginal Oil Fields – FG   The Department of Petroleum Resources said on Wednesday that over 600 companies had applied to bid for 57 marginal oil fields made available by the Federal Government. The DPR had announced early last month...

FG Hopeful Of $5.7bn Investment From Marginal Fields     If the Federal Government succeeds with its on-going bid rounds for the 57 marginal oilfields being offered to investors, it might be able to attract about $5.7billion into the economy. Although the Department of Petroleum Resources (DPR) did...

Oil Production Threatened By Non-compliance To COVID-19 Protocols     Nigeria’s ability to meet its monthly oil production quota and revenue target may become hampered if rising cases of coronavirus in offshore oil fields are not addressed. With the country suffering huge revenue losses from decline in oil...