The cost of crude oil, the exchange rate of the Dollar to the Naira, and government interventions (i.e., subsidies, taxes, levies, etc.) are the biggest factors in determining the price of petrol, diesel, kerosene, and other petroleum products to the consumer.
Browsing: Oil & Gas/Mineral Resources
Nigeria is listed as the 22nd country with the most affordable fuel prices in a recent obal report, which compares the costs of Premium Motor Spirit (PMS) worldwide.
The Dangote Refinery and Petrochemical Company, world’s largest single-train refinery, has confirmed it would receive the shipments of the fifth and sixth crude oil from the Nigerian National Petroleum Company (NNPCL) on Thursday and Saturday this week.
ASHENEWS reports that a key indigenous player in the oil and gas industry, Temile Development Company Ltd, recently inaugurated a 23,000 cubic meters ultramodern Liquefied Petroleum Gas (LPG) carrier, in a move to advance Nigeria’s domestic gas industry and the generation of gas revenues.
The Nigerian National Petroleum Company Limited (NNPCL) has supplied another one million barrel of crude oil to Dangote Refinery for commencement of production.
The Nigerian National Petroleum Company Limited (NNPCL) has commenced the supply of crude oil for the test-running of the Port Harcourt Refining Company Limited.
A Ghanaian court had sentenced a Chinese national, En “Aisha” Huang, to 4½ years in prison for running an illegal mining operation, Ghana Ministry of Lands and Natural Resources has said.
A Nigerian-based energy company, Riverside LNG has revealed that there is an ongoing discussions to supply gas to South Africa from the first quarter of 2024.
The Nigeria’s Minister of Solid Minerals Development, Dr. Dele Alake had an exclusive interview with the African Independent Television (AIT’s) Nancy Nnaji on “Money Line” show.
President Bola Tinubu has inaugurated the Board and Management team for the Nigerian National Petroleum Company Limited (NNPCL) at the State House, Abuja.