The former Nigeria’s President Olusegun Obasanjo has revealed why the oil refineries located in Warri, Port Harcourt and Kaduna states in the country will never work.
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The Independent Petroleum Marketers Association of Nigeria (IPMAN), has condemned what it described as the attempt by state governments to take over the role of the regulator of the downstream petroleum operations in Southeast.
The National Security Adviser (NSA), Nuhu Ribadu, says the country is still losing 400,000 barrels of crude oil daily to local and international thieves despite efforts to end the menace.
The Arewa Oil and Gas Marketers Association (AROGMA), said it has concluded arrangements to invite foreign companies to invest in the domestic gas utilization value chain in the country, especially in the northern part of the country.
ASHENEWS reports that the federal government has pledged to restore operations at Port Harcourt Refinery by December 2023.
The Association of Professional Women Engineers of Nigeria (APWEN), on Saturday appealed to President Bola Tinubu to give female engineers an opportunity to fix the nation’s moribund refineries.
The Iranian government has expressed its readiness to collaborate in developing Nigeria’s oil and gas downstream division.
Dr Victor Ekpenyong, an oil industry expert, says the country should leverage on existing oil reserves to boost oil production to earn more to meet revenue shortfalls.
President Bola Tinubu has assured that measures would be taken to stabilise the supply and demand of petrol in the country.
The Nigeria Extractive Industries Transparency Initiative (NEITI) says Nigeria requires $20 billion annually to achieve the desired gas expansion plan to bridge the country’s gas infrastructure.