The Nigeria Extractive Industries Transparency Initiative (NEITI) has pledged to strengthen transparency in the oil and gas sector and review the recent divestments by international oil companies.

How FG, IOCs Agreement Limits Crude Allocation to Local Refiners The Minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has revealed the reason why International Oil Companies are finding it difficult to allocate crude to domestic refiners, including the Dangote Petroleum Refinery under...

Dangote Refinery Petrol Ready for Rollout The Dangote Petroleum Refinery is set to roll out the sale of Premium Motor Spirit, otherwise known as petrol. This is coming a few days after the 650,000-capacity refinery engaged in a test-run of the product. Industry sources confirmed to that...

FG Charges IOCs to Comply with Gas Flare Directives The Federal Government has cautioned International Oil Companies operating in Nigeria to desist from disregarding gas flare directives of various regulatory agencies in Nigeria. It stated that though a few IOCs often complied with these directives, most...

Dangote Refinery to Begin Petrol Supply in August Petrol will roll out from Dangote Refinery next month, Dangote Group and Chief Executive Officer, Dangote Petroleum Refinery, Alhaji Aliko Dangote said yesterday. According to him, the crisis over supply of crude from the International Oil Cooperations (IOCs)...

FG, IOCs State Commitment Towards Crude Oil Supply to Local Refineries The Federal Government and crude oil producers in Nigeria have committed to working towards a sustainable supply of crude oil to local refineries under a market-determined pricing system. Both parties said the aim of the...