Local Refineries: PETROAN Says Crude Producers Divert 500,000 barrels Daily
The Petroleum Products Retail Outlets Owners Association of Nigeria has alleged that oil producers are diverting the daily 500,000 barrels of crude oil meant for local refineries.
The association said this while commending the Nigerian Upstream...
Oil Firms Must Meet Domestic Demand or Lose Export Permit – NUPRC
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has warned that it will deny export permits for crude oil cargoes intended for domestic refining if oil companies do not fulfil their domestic crude obligations.
The...
FG to Rake in N84tn Revenue from Crude Oil in 2025
The Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission, Gbenga Komolafe says the Federal Government is planning to rake in about N84.67tn from the sale of crude oil in 2025.
He disclosed that the...
FG Rakes in N8.6tn from Gas Production in 2024 – Report
Nigeria generated approximately N8.6tn from natural gas production in 2024, according to Data from the Nigerian Upstream Petroleum Regulatory Commission.
This indicated that the country produced 2.5 trillion cubic feet of gas last year.
The NUPRC...
Minister Says FG Not Responsible for Setting Fuel Prices
The Minister of State Petroleum Resources, Heineken Lokpobiri, emphasized that fluctuations in petrol prices at the pump are largely driven by the volatile price of crude oil in the international market.
He said the downstream sector is...
NUPRC Says Oil Rig Count Now 32, Projects 2.1mbpd in 2025
The Nigerian Upstream Petroleum Regulatory Commission says the country’s oil rig count has risen to 32.
The NUPRC Chief Executive, Gbenga Komolafe, announced this during his recent appearance before the Senate Committee on Appropriation.
Komolafe said...
