Dangote Refinery and Petrochemicals said yesterday it was settling out of court with the Nigerian National Petroleum Company Limited, NNPCL, and six others over import licences granted them by the Nigeria Midstream and Downstream Petroleum Regulatory Authority, NMDPRA, to import petrol into the country.

The management of Dangote Refinery has refuted claims that it initiated new legal action against the NNPC and other companies regarding import licenses. This clarification follows recent reports suggesting that the Refinery had filed a lawsuit to invalidate import licenses granted to the NNPC and others. In a statement issued on Monday by Anthony Chiejina, […]

“The irony of the NNPCL is that a state-owned enterprise, neglecting its own refineries, is competing for influence over private-sector output”

The Nigerian National Petroleum Company Limited (NNPCL) has denied claims of a price agreement with the Independent Petroleum Marketers Association of Nigeria (IPMAN) or any other parties regarding the price of Premium Motor Spirit (PMS), commonly known as petrol.

By Obas Esiedesa, Abuja Joint Venture partners including SPDC, NNPC Limited, TotalEnergies and Eni have signed a Gas Sales and Purchase Agreement (GSPA) for the $3.5 billion Brass Fertilizer and Petrochemical project in Bayelsa State. A statement by the Ministry of Petroleum Resources on Friday said the signing of the agreement, supervised by the Minister […]