•PETROAN President, Billy Gilly-Harris Oil marketers have called for liberalisation of the downstream sector, where other players with licenses will be allowed to import more Premium Motor Spirit (PMS) or petrol into the country. National President of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), Billy Gillis-H...
The Republic of Togo has stated interest in boosting its electricity purchases from Nigeria’s Niger Delta Power Holding Company (NDPHC). A statement by the company noted that the interest was made known during a strategic meeting between the management of the Niger Delta Power Holding Company and a delegation from Compagnie Energie Electrique ...
•Aliko Dangote Dangote Refinery says it does not import refined petroleum products into Nigeria, insisting that all petrol and other fuels sold from its operations are fully refined locally. The clarification was made by the Chief Executive Officer of Dangote Refinery, Mr David Bird, during a news conference today in Lagos, amid allegations ov...
•Fuel depot Despite efforts to expand domestic capacity, there were indications, yesterday, that Nigeria would continue to import Premium Motor Spirit, PMS, also known as petrol, in the short and medium term because of the government deregulation policy, the inability of modular refineries to refine petrol, lack of funds and foreign exchange i...
•Dr Mukail Akinde The Rector of the Federal Polytechnic, Ilaro, Dr Mukail Akinde, yesterday, said that improved funding of the polytechnic education will help bolster the country’s desire for technological development and reduce heavy importation. Akinde has equally demanded the revitalisation of Ajaokuta Steel, saying that the resuscitation o...
•Oil vessel It has been revealed that three major oil marketers are expecting vessels of imported Premium Motor Spirit, popularly called petrol, this week barring any unforeseen circumstance, it was gathered yesterday. Dealers said about 141 million litres of PMS are being conveyed to Nigeria by the vessels following the full deregulation of t...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has said it will import Premium Motor Spirit (PMS), also known as petrol, if the landing cost is cheaper compared to that of the Dangote Refinery. The oil marketers also expressed concerns over the delay in announcing the price of PMS produced by the Dangote Petroleum Refinery,...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) says the landing cost per litre of Premium Motor Spirit (PMS) known as petrol has made it impossible for petrol marketers to import the essential commodity just as being done by the Nigerian National Petroleum Company (NNPC) Limited. “Right now, the landing cost of PMS is over ...
•Dangote refinery Some local refinery operators have lamented that the announcement made by the Nigerian Midstream and Downstream Petroleum Regulatory Authority, stating that the federal government would continue to import fuel, shows that the government had taken sides against local refineries. The operators, under the aegis of the Crude Oil ...
Dangote Petroleum Refinery is set to import a cargo of Brazilian crude, Bloomberg reported on Friday. It said this would add to the large number of overseas barrels of crude feedstock that the Nigerian firm was importing. Indigenous crude oil refiners, including Dangote refinery and modular refineries, as well as local crude producers have rep...
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