“Moving forward, petroleum product marketers are now able to purchase PMS directly from local refineries without the intermediary role of NNPC. Marketers are encouraged to initiate direct purchases from refineries on mutually negotiated commercial terms, which will promote competition and improve market efficiency,” the statement said.
Browsing: Oil & Gas/Mineral Resources
Nigeria must enhance its crude oil production capacity and effectively manage supply to ensure adequate feedstock for domestic refineries, in…
The President of the Dangote Group, Aliko Dangote stated on Tuesday that the Dangote Refinery was constructed without receiving any…
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The Federal Government has hailed the commencement of petroleum lifting from the Dangote Petroleum Refinery and Petrochemicals as a pivotal…
The Nigerian National Petroleum Company Limited (NNPCL) has confirmed that it bought premium motor spirit (PMS), also known as petrol,…