NNPC Says Prolonged Neglect Hampering Refinery Rehabilitation   The Group Chief Executive Officer of the Nigerian National Petroleum Company Limited (NNPCL) Bayo Ojulari, has declared that fixing the country’s refineries under NNPC’s management has been difficult due to the neglect of the plants for decades. He also...

Political Interference Destroying Nigeria’s Refineries - PENGASSAN The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has reiterated that Nigeria’s moribund refineries can only function optimally if the Federal Government ends political interference in the state-owned assets. The union argued that years of political...

Crude Shortage, Funding Woes Shut Down 7 Refineries, Experts Lament   The persistent unavailability of crude oil has significantly hindered investments in the establishment and full capacity operations of seven new and existing refineries across the country, local refiners stated on Thursday. They also warned that without...

Nigeria Expands Local Refining With Four Modular Refineries, New Licenses   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) yesterday gave an update on Nigeria’s local refining capacity, saying there is an expansion with the issuance of nine Licenses to Establish (LTEs), seven Licenses to...

Refineries Will Begin Operation Before December – Chairman Niger Delta Affairs The Senator representing Ondo North Senatorial District, Jide Ipinsagba, has assured Nigerians that refineries will begin full operation before the end of the year. Ipinsagba, the chairman on Niger Delta Affairs, said the sufferings of...

Stakeholders Lament Inactive Refineries as Fuel Imports Gulp N843bn   The Nigerian National Petroleum Company Limited (NNPCL) may be spending about N843bn monthly on the importation of Premium Motor Spirit, popularly called petrol, following the halt in oil swaps by the firm, findings showed on Sunday. NNPCL,...