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Buhari commissions 5,000/bpd Ibigwe modular refinery

Buhari commissions 5,000/bpd Ibigwe modular refinery

By Sebastine Obasi President Muhammadu Buhari has commissioned Ibigwe modular refinery with an assurance that Nigeria will soon become a net exporter of petroleum products, as the country moves towards realising its refinery roadmap. During the commissioning of the 5,000 barrel per day, bpd, Waltersmith modular refinery, Ibigwe, Ohaji, Imo State, held virtually on Tuesday,
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Passage of PIB bill will boost investors’ confidence in Nigeria — Petroleum Engineers

Passage of PIB bill will boost investors’ confidence in Nigeria — Petroleum Engineers

The Society of Petroleum Engineers (SPE), Nigeria Council, on Tuesday said the passage of the Petroleum Industry (PIB) bill would boost investors’ confidence in Nigeria’s oil and gas sector. Mr Joseph Nwakwue, Chairman, SPE Nigeria, made the assertion while speaking with newsmen in Lagos, ahead of the group’s Nigeria Energy Industry Transformation Summit (NEITS) taking
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Nigeria imports 20.89bn litres of petrol in 2019 ―NBS

By Elizabeth Adegbesan and Agency The National Bureau of Statistics (NBS) has said the country (Nigeria) imported 28.9bn litres of petrol among other petroleum products in 2019. The bureau disclosed this in its Petroleum Products Imports and Consumption (Truck out) Statistics Report 2019. The report stated: “The Petroleum Products Importation Statistics for Full Year 2019
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Nigeria burns N281bn in 6 months, as oil firms flare 228.8bscf of gas

FG launches gas transportation network to boost domestic market

The Federal Government, yesterday, launched a new Nigerian Gas Transportation Network Code (NGTNC) to boost gas production and revenue generation.
Minister of State for Petroleum Resources, Chief Timipre Sylva, inaugurated the code at the opening ceremony of the Nigeria International Petroleum Summit (NIPS) in Abuja yesterday, saying that the code would help to guide gas transporters and suppliers in the year.

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