The federal government has officially announced the commencement of crude oil sales to Dangote Refinery, and other local refineries in the local currency, naira on October 1, 2024.
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The Nigeria Customs Service (NCS) has said Nigeria’s crude oil production has reached 1.66 million barrels per day. The spokesperson…
President Bola Ahmed Tinubu has directed the Nigerian National Petroleum Company (NNPC) Limited to sell crude oil to Dangote Refinery and other…
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.
President Bola Tinubu has directed security agencies to improve the security architecture to ensure the production of 2.1 million barrels of crude oil per day.
The Nigeria Upstream Petroleum Regulatory Commission (NUPRC) has directed oil refiners in the country to provide monthly price quotes on crude supply.
The Nigerian National Petroleum Company Limited (NNPCL) has supplied another one million barrel of crude oil to Dangote Refinery for commencement of production.
Renowned economist Bismarck Rewane says it makes no sense for the country to export crude on forward contracts and not supply indigenous firms like Dangote Refinery.
There was a rumour recently that the Dangote Refinery cannot start crude processing as scheduled because the Nigerian National Petroleum Company Ltd (NNPCL) had no crude to supply to the huge refinery.
The Vice Chairman, Senate Committee on Environment, Sen. Ned Nwoko (PDP-Delta), says the destruction of vessels apprehended for carrying illegal goods/stolen crude oil by the military is to conceal/destroy evidence.