The price war in the downstream oil sector intensified on Tuesday as major oil marketers moved…
Category: OIL&GAS
11Plc’s Commitment to Excellence Sets Industry Standard
11Plc, a renowned petroleum marketing company, has once again demonstrated its commitment to upholding the highest…
‘Fluctuating Petrol Prices Threatening Our Businesses’, Oil Marketers Lament
Oil marketers have cried out about the negative impacts of unstable prices of Premium Motor Spirit…
NNPCL Breaks Silence, Clarifies Naira Crude Contract With Dangote Refinery
The Nigerian National Petroleum Company Limited (NNPCL) has reacted to recent reports circulating on social media…
NNPCL Signs Major Gas Deal For Proposed LNG Plant In Lekki FTZ
Managing Director, NNPC Gas Marketing Limited, NGML, Justin Ezeala and CEO of Ssonic Petroleum Ltd, Ifeoma…
NBS Report Indicates Petrol Imports Rose By 105% To ₦15.42trn In 2024
Petrol imports surged by 105.3%, hitting ₦15.42 trillion in 2024. The latest data by the National…
Seven Oil Firms To Settle $37.4m Debt Before August — Reps
The House of Representatives says it has secured the commitment of seven oil companies to settle…
NMDPRA Issues New Refinery Licenses In Edo, Delta, Abia
The Nigeria Midstream and Downstream Petroleum Resources Authority (NMDPRA) has issued refining licenses to three companies…
Marketers worry as 5-month fuel imports hit N6tn
Despite improved domestic refining capacity in Nigeria, major oil marketers have continued to import refined petroleum…
Petroleum Downstream Sector: PMS Cost May Drop Further As Crude Prices Fall
The price of Premium Motor Spirit (petrol) may be on a downward slope if the crude…