“Another point that I think is important is that nobody knows the consumption in Nigeria of petroleum. We know we spend $600 million on fuel importion every month, but the issue here is that all the neighboring countries are benefiting.
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“Aliko’s investment in a refinery, if it goes well, should encourage both Nigerians and non-Nigerians to invest in Nigeria. If those who are selling or supplying refined products for Nigeria feel that they will lose the lucrative opportunity, they will also make every effort to get him frustrated,” Obasanjo stated.
With several large-scale oil and gas projects on the horizon in Angola and a 2025 limited tender poised to kick…
It is now clear that some persons in government and outside government have been identified as the cabal holding Nigeria’s oil sector by the jugular. We have identified them, and we shall reveal their names to the people of Nigeria if this trend continues,” he said.
President Bola Ahmed Tinubu has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other…
“The test conducted in their presence confirmed the quality of our diesel and attested to the fact that our diesel is one of the best in the world with a low sulfur level,” Umar said. “The test revealed that Dangote’s diesel had a sulfur content of 87.6 ppm (parts per million), whereas the other two samples showed sulfur levels exceeding 1800 ppm and 2000 ppm respectively.”
“As I speak with you right now, we have been refining Jet-A 1, which is aviation fuel, and diesel with the expectation to roll out petrol next month,” Umar said.
The Nigerian National Petroleum Company Limited (NNPC Ltd.) says the tightness in fuel supply and distribution is caused by a hitch in the discharge operations of a couple of vessels.
The Group Chief Commercial Officer of Dangote Industries Limited, Rabiu A. Umar told newsmen in Kano on Friday that NNPC supplies only 33 percent of the crude to the refinery, disclosing that it had to look elsewhere to source the remaining 67 percent to meet its production capacity.
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has inaugurated Metering Audit and Advance Cargo Declaration project teams, to promote transparency and accountability in the upstream oil and gas.