Only A Third of NNPC’s Investment In Refinery Will Be Paid In Cash - Dangote       Africa’s richest man and the President of the Dangote Group, Alhaji Aliko Dangote, yesterday disclosed that the 20 per cent equity taken by the Nigerian National Petroleum Corporation (NNPC) in...

NNPC Signs $1.5bn P/Harcourt Refinery Repair Contract, Targets 18-month Completion       The Nigerian National Petroleum Corporation on Tuesday officially signed the contract with Tecnimont SPA for the $1.5bn rehabilitation programme of the Port Harcourt Refining Company. Parties in the agreement also announced the commencement of the project...

The Scandal in Port-Harcourt Refinery, by Eric Teniola     Abracadabra is now commonly used as an incantation in the performance of magic. Literally it is used as the more you look, the less you know or see. Abracadabra is the best word to describe what is...

New Refinery Will Cost FG About $12bn - NNPC       The Nigerian National Petroleum Corporation (NNPC) yesterday vigorously defended the approval of a whopping $1.5 billion for the rehabilitation of the Port Harcourt refinery, maintaining that apart from following due process, building a new refinery in...

Buhari Inaugurates 5,000bpd Refinery In Imo         President Muhammadu Buhari, has said the realisation of the refinery roadmap that was rolled out two years ago will enable Nigeria to export petroleum products to neighbouring countries and other markets. Buhari said this on Tuesday at the inauguration of...

Nigeria’s Domestic Refining Capacity Rises By 3.8% — Report     The refining capacity of Nigeria has increased from 445,000 barrels per day, bpd, to 462,000 bpd, as private investors complete the construction of three new refineries, indicating an increase of 3.8 per cent. The refining capacity of...