Browsing Tag
Petroleum
29 posts
Representative Ugochinyere Promotes Regional Fuel Pricing Standard for West Africa
Rep. Ikenga Ugochinyere has pledged to support legislation creating a regional fuel pricing benchmark for West Africa to reduce dependence on foreign market indices.
Dangote Refinery Stresses Need for Accessible and Fairly Priced Local Crude
Dangote Refinery clarifies it remains committed to domestic crude but argues that current supply gaps and inflated prices from intermediaries hinder local production goals.
Federal Government Aims to Boost Refining Capabilities to Supply Africa
Minister of State for Petroleum Resources, Sen. Heineken Lokpobiri, announced plans to increase Nigeria's refining capacity to four million barrels to serve the African market and bolster regional energy security.
Nigerian Government Supports Regional Petrol Pricing Index for West Africa
Nigeria supports a new regional petroleum pricing benchmark for West Africa to boost energy security and trade, though experts stress the need for physical infrastructure and active market participation to ensure success.
Leaders praise Azikel Group for industrial development efforts in Bayelsa
Key political and development leaders have toured the Azikel Refinery in Bayelsa, commending the project for its potential to drive regional industrialization and economic stability.
Dangote Refinery Transforms Nigeria Into Domestic Processing Hub
The Dangote Petroleum Refinery is reshaping Nigeria's energy sector by replacing imported fuel with domestic production and expanding into petrochemical manufacturing.
MEMAN Urges Enhanced Truck Regulation Amid Apapa Congestion Concerns
MEMAN defends its members against allegations of causing tanker congestion in Apapa, citing effective automated call-up systems and calling for stronger enforcement of transit protocols.
Nigeria expects 300,000 bpd increase via 2026 licensing bid round
The Nigerian government is targeting a production increase of 300,000 barrels per day through its latest oil block licensing round, with plans already underway for a follow-up 2026 bid phase.
Dangote Refinery boosts fuel exports amid supply and currency hurdles
Dangote Refinery is prioritizing international fuel exports to offset severe local crude shortages and an inability to convert naira earnings into the foreign currency needed for operations.
Nigerian Navy Disrupts Illegal Oil Operations, Apprehends 91 Suspects
The Nigerian Navy neutralized 48 illegal refineries and detained 91 suspects, successfully recovering 4.69 million litres of stolen oil during the second quarter of 2026.