Three Refineries Incur N5.92bn Expenses At Zero Production - NNPC         The Nigerian National Petroleum Corporation (NNPC) has reported its three refineries incurred N5.92 billion expenses in September 2020 at zero production level. According to its September 2020 Financial and Operations Report, which The Economic Confidential obtained...

Oil Marketers Seek FG's Approval To Fix Refineries       Oil marketers have expressed willingness and capacity to fix Nigeria’s dysfunctional refineries and get the facilities running in the shortest possible time. Operators of retail outlets in the downstream sector of the oil industry called on the Federal...

Refineries Gulped N81.41bn, Refined Zero Crude – NNPC       A total of N81.41bn was expended on Nigeria’s refineries between January and August this year but the facilities refined no drop of crude oil all through this period, latest data obtained from the Nigerian National Petroleum Corporation...

NNPC Commences Rehabilitation Of Refineries       The Nigerian National Petroleum Corporation (NNPC) has audited the government’s ailing refineries and mobilised funds and technical resources to restore them to full operating capacity within the shortest possible time to crash fuel prices and guarantee energy security. The move has...

Private Tank Farms Crippled Refineries - IPMAN       The Independent Petroleum Marketers Association has said that the collapse of Nigeria’s refineries can be traced to the birth of private tank farms. Chairman of IPMAN in Rivers State, Dr Joseph Obele, stated this when he appeared on a...

Why FG Shut Down All Refineries – Kyari     The Group Managing Director of the Nigerian National Petroleum Corporation, Mele Kyari, says the four oil refineries in the country have been shut down in Port Harcourt, Warri and Kaduna. Kyari said this on Channels Television’s Politics Today...