Petroleum

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Nigeria imports 20.89bn litres of petrol in 2019 ―NBS

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 […]

OPEC struggles to win Russian backing for big oil cut amid coronavirus

OPEC struggles to win Russian backing for big oil cut amid coronavirus

Saudi Arabia and other OPEC members struggled on Wednesday to win support from Russia to join them in additional oil output cuts in a bid to prop up prices that have tumbled by a fifth this year because of the coronavirus outbreak. A panel of several ministers from OPEC, Russia and other producers failed to […]

NSCDC foils attempt by vandals to smuggle petroleum product to Benin

NSCDC foils attempt by vandals to smuggle petroleum product to Benin

By Evelyn Usman It was the end of the road for four suspected vandals who attempted to smuggle petroleum product to Benin Republic, following their arrest, weekend, along Idale High sea in Badagry area of Lagos. Recovered from them were 130 (25 litres) jerricans, filled with the smuggled products and two engine boats. The suspects: […]

FG launches gas transportation network to boost domestic market

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.

NPA expects 25 ships laden with petroleum products, food items

NPA expects 25 ships laden with petroleum products, food items

The Nigerian Ports Authority (NPA) says it is expecting 25 ships laden with petroleum products, food items and other goods from Feb. 7 to 25. The NPA made this known in its publication, `Shipping Position’, a copy of which was made available to the News Agency of Nigeria (NAN) in Lagos on Friday. According to […]