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...

Crude Oil: Nigeria’s Average Daily Production Stands at 1.6mb – NUPRC The chief executive officer (CEO) of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Gbenga Komolafe, says the country’s average daily production stood at 1.6 million barrels per day (mbpd) as of July 23. Komolafe spoke...

Crude Oil Revenue Increases by N91bn in June – FG The marginal rise in crude oil production in June 2024 increased Nigeria’s earnings from crude oil sales by about N91bn in the same month. Latest oil production data obtained from the Nigerian Upstream Petroleum Regulatory Commission,...

236m barrels of Crude Oil Produced in Six Months – NUPRC Data from the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) shows that the country produced a total of 236,229,281 barrels of crude oil in the first half of 2024. The report shows that 44.2 million barrels...

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...

Oil Block: NUPRC Gives 24 hours Deadline to Investors for Licensing Registration The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced a 24-hour deadline for new investors to register for the 2024 oil block licensing bid round. This announcement was made by Mr. Gbenga Komolafe, the...