imperatives of local crude oil refining punch newspapers

Imperatives of local crude oil refining Punch Newspapers

To solve the problem, Nigeria needs to restrategise and embrace pragmatic options that will not only guarantee refining for local demand, but also ensure her emergence as an exporter of refined

Get Price

Search Results for “fuel subsidy” Page 35 Punch

Punch Editorial Board PERENNIAL scarcity of products and the shortfall in the needed foreign exchange for sustained imports in sufficient quantities have combined to present Nigeria with a

Get Price

Deepening Local Participation in Crude Oil Lifting

Since oil multinational dominate the exploration and production business in Nigeria, crude oil lifting contracts awarded yearly by the Nigerian National Petroleum Corporation should be restricted

Get Price

Nigeria Must Review Petroleum Import Policies OVH

Speaking during a panel session with the theme: “Imperatives of Local Crude Oil Refining”, Stokman said there have been attempts to regulate the industry in a bid to ensure sustainability and innovative growth. “However, there is an urgent need to develop Nigeria’s capacity to refine crude oil locally. This will bring about great financial and socio-economic impact not just on the

Get Price
Mohammed Shosanya

Encouraging Local Refining Of Crude Oil In Nigeria By

2013-08-13· Encouraging Local Refining Of Crude Oil In Nigeria By Akanimo Sunday In the creeks of Brass, Escravos, Ogoniland, Akassa and other riverine communities of the Niger-Delta, artisanal refining

Get Price

Dangerous But Lucrative: The Business Of “Crude Oil

What business pays between N500,000 and N1million per night? “Oil cooking”. That is it. To the uninitiated, oil cooking means the refining of crude oil through improvised means, a widespread

Get Price

How to check oil theft, illegal refineries in the Niger

How to check oil theft, illegal refineries in the Niger Delta . by Nathan Nwakamma, News Agency of Nigeria (NAN) April 25, 2013. in Featured, News. JTF. Although oil theft and illegal refining of

Get Price

Refineries lost N132bn in 2018, says NNPC Punch

’Femi Asu The operating deficit recorded by the nation’s refineries rose by 39 per cent to N132.5bn in 2018, compared to the previous year, data from the Nigerian National Petroleum Corporation showed on Tuesday. The refineries posted a loss of N95.09bn in 2017, according to the NNPC data. The refineries, which are located in Port []

Get Price

FG to deliver four FIDs, tackle Crude oil theft— Buhari

2019-09-10· The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.

Get Price

How to check oil theft, illegal refineries in the Niger

How to check oil theft, illegal refineries in the Niger Delta . by Nathan Nwakamma, News Agency of Nigeria (NAN) April 25, 2013. in Featured, News. JTF. Although oil theft and illegal refining of

Get Price

NNPC, NIMASA may okay local ship owners to lift crude

2018-01-17· Ship owners and other stakeholders in the maritime sector may get the desired change in trade terms from Free On Board (FOB) to Cost Insurance and

Get Price

abokiFX News Forex Updates

2017-11-21· Crude oil price well in excess of budget reference price could reduce the actual budget deficit, enhance the country’s credit worthiness and is an attraction to foreign investors. Since the bulk of our foreign exchange comes from crude oil sales, it also means our external reserves will grow placing the Central Bank of Nigeria in a stronger position to defend the naira and ensure stability

Get Price

Proposed refinery at Niger Republic border Punch

Proposed refinery at Niger Republic border Punch February 19, 2018 0 After decades of squandering the country’s hard-earned resources and scouring the whole area around the now fast-receding waters of Lake Chad in a frantic, but futile bid to discover oil in commercial quantity, the Nigerian government is shifting its attention to another bizarre, money guzzling venture.

Get Price

NNPC says full rehabilitation of refineries will begin

The Nigerian National Petroleum Corporation (NNPC) has announced that the three refineries located in Port Harcourt, Warri and Kaduna will begin to refine crude oil at optimum capacity by 2022.

Get Price

abokiFX News Forex Updates

The financiers have been approved and discussions are ongoing with them. But the local refineries, Port Harcourt and others, are operational. When they don’t have the supply of crude oil, they won’t operate at a given level. But now the systems are in a good place. “However, we are still negotiating with the financiers. If you have to put your money in an investment, there must be a

Get Price

BusinessDay 12 Feb 2019 by BusinessDay Issuu

Issuu is a digital publishing platform that makes it simple to publish magazines, catalogs, newspapers, books, and more online. Easily share your publications and get them in front of Issuu’s

Get Price

Exposing illegal bunkering, oil theft in the Niger Delta

A report on oil theft called “Private Gain, Public Disaster: Social Context of Illegal Oil Bunkering and Artisanal Refining in the Niger Delta,” details how the economic sabotage could be

Get Price

Tristin Hopper: Why Canada shouldn’t refine the oil it

2018-05-11· Tristin Hopper: Why Canada shouldn't refine the oil it exports Last week, B.C. premier John Horgan proposed that Canada find a way to refine its oil in-house so as to combat the province's sky

Get Price

Dangote refinery’ll boost Nigerian crude oil sale Edwin

The Group Executive Director, Dangote Industries Limited, Devakumar Edwin, has said the oil refinery being built by the company will provide a ready market for the nation’s crude oil. Edwin was quoted in a statement as saying that the construction of the 650,000 barrels per day refinery would help Nigeria save over $7.5bn through import []

Get Price

HOW MODULAR REFINERIES WILL REDUCE OIL THEFT

HOW MODULAR REFINERIES WILL REDUCE OIL THEFT IN NIGERIA 1:36:00 AM Business Enterprises, Economy,Oil and (Nation Newspapers) he said the establishment of modular refineries is a better option in an environment like Nigeria where petroleum product scarcity is perennial If private investors are allowed to build and operate modular refineries with newer technologies, it would rest

Get Price

Osinbajo: Nigeria Needs Oil Revenues to Get Out of Oil

Chineme Okafor in Abuja The Vice President, Prof. Yemi Osibanjo has said Nigeria will still need revenues from crude oil to rebuild her economy, diversify it and overcome her dependence on oil.

Get Price

Nigeria loses crude oil export destination to U.S

Nigeria loses crude oil export destination to U.S. in Freight News 31/03/2017 Nigeria is fast losing its favourite oil export destinations to the United States (U.S.), which used to be the country

Get Price

Buhari flags off crude oil exploration in Bauchi Punch

Pledges to intensify oil search in Anambra, Sokoto, other basins. Okechukwu Nnodim, Abuja. President Muhammadu Buhari on Friday flagged-off the official commencement of crude oil search in the Kolmani Well River-II, located near Barambu, Alkaleri Local Government Area of Bauchi State.

Get Price

current impact of global crude oil prices on Nigeria—an

the imperatives of maximizing returns from oil; Until there is a considerable ramping up of local refining capacity, Nigeria’s continued, heavy reliance on imported Petroleum Products coupled with exchange rate currency valuations will continue to play a dominant role (and must be constantly evaluated by the PPPRC) in determining the value of pricing of petroleum products sold in Nigeria

Get Price

FG to deliver four FIDs, tackle crude oil theft — Buhari

2019-09-10· Tribune OnlineFG to deliver four FIDs, tackle crude oil theft — Buhari The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of

Get Price

Nigeria loses crude oil export destination to U.S.

2017-03-30· Japan, China halt crude import from Nigeria. Nigeria is fast losing its favourite oil export destinations to the United States (U.S.), which used to be the country’s biggest importer of crude blend.

Get Price

Rising oil price pushes petrol landing cost above N180

’Femi Asu The landing cost of Premium Motor Spirit (petrol) being imported into the country will rise further on the back of the recent increase in global oil prices. The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, said last week that the landing cost of

Get Price

Kaduna refinery stays dormant as NNPC loses N10.96bn

Senate condemns FG for non-payment of fuel subsidy claims*** The Kaduna Refining and Petrochemical Company, one of the country’s crude oil refineries being managed by the Nigerian National Petroleum Corporation, has remained dormant. According to the corporation, the refinery’s capacity utilisation has remained at zero for months, as the

Get Price

Dangerous But Lucrative: The Business Of “Crude Oil

What business pays between N500,000 and N1million per night? “Oil cooking”. That is it. To the uninitiated, oil cooking means the refining of crude oil through improvised means, a widespread operation around the oil-rich Niger Delta region. The business, SaharaReporters observed, provides young, able-bodied women access to copious sums of

Get Price

NewsNow: Nigerian Oil news Breaking News & Search 24/7

Read the latest Nigerian Oil headlines, on NewsNow: the one-stop shop for Nigerian Oil news

Get Price

Falling crude oil prices and Nigeria's response

2014-11-05· Falling crude oil prices and Nigeria’s response . On November 5, 2014 6:07 pm In Special Report by vanguard. Bernard Okumagba. THERE is understandable concern in

Get Price

SOCIAL ACTION Briefing

SOCIAL ACTION Briefing saction.org Main Points No. 12 l October 2016 The burning of artisanal crude oil refineries by the military Joint Task Force (JTF) compounds the

Get Price

IPMAN Urges FG To Encourage Local Refiners :::...The

The Independent Petroleum Marketers’ Association of Nigeria (IPMAN) has urged the Federal Government to encourage local refiners, to boost local refining of crude oil in the country. The National President of IPMAN Mr Chinedu Okoronkwo made the appeal in a telephone interview with The Tide in Lagos last week. Okoronkwo said the appeal became

Get Price

FG to deliver four FIDs, tackle crude oil theft Buhari

FG to deliver four FIDs, tackle crude oil theft Buhari September 10, 2019 News,Project #TrackNigeria The Federal Government says it has plans to deliver Final Investment Decisions (FIDs) on at least four key projects within the nation’s oil and gas industry by the end of last quarter of 2019.

Get Price

Fuel scarcity and moribund refineries Punch

2014-03-10· Fuel scarcity and moribund refineries Punch. March 10, 2014 0. Lagosians waiting to buy fuel at a filling station at Otedola Bridge on the Lagos-Ibadan Expressway in Lagoson Tuesday. credits: Olatunji Obasa. AS the world’s 13th largest producer of crude oil, Nigeria has no business experiencing petrol shortages. But, as we have just witnessed, the country has become so

Get Price

IPMAN urges the Buhari govt to encourage local refiners

The Independent Petroleum Marketers Association of Nigeria, IPMAN, has urged the Federal Government to encouraged local refiners to boost local refining of crude oil

Get Price

Premium Times Nigeria

27 children killed in Liberia’s Islamic school fire. The police told BBC that they are still looking for bodies in the Paynesville area where the fire occurred.

Get Price
Get In Touch
Top