Africa’s largest oil refinery, the Dangote Petroleum Refinery, is set for a major expansion that will more than double its production capacity from 650,000 barrels per day (BPD) to 1.4 million BPD within the next three years. Once completed, the refinery will become the largest in the world, signalling a significant step toward energy independence…
Vice President Kashim Shettima has faulted the recent strike by the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), warning that such disruptions risk undermining investor confidence in Nigeria’s economy. Speaking at the 31st Nigerian Economic Summit (NES) in Abuja, Shettima described the strike — triggered by the dismissal of workers at the…
The Arewa Consultative Forum (ACF) has condemned what it describes as ongoing attempts to undermine the Dangote Petroleum Refinery and Petrochemicals Company. It has also called for the protection of the multi billion dollar facility as a strategic national asset. In a statement signed by its National Publicity Secretary, Prof. Tanko Baba, the ACF expressed…
Justice Emmanuel Danjuma Subilim of the National Industrial Court in Abuja has restrained the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) from embarking on its planned industrial action against Dangote Petroleum Refinery and Petrochemicals FZE. The interim order, granted on Monday following an ex-parte motion by Dangote Refinery, also bars the Nigerian…
Nigeria’s refinery troubles stem from entrenched political interference and corruption rather than a shortage of skilled manpower, the country’s leading oil and gas union has said. Speaking at the 4th PENGASSAN and Labour Summit in Abuja, Festus Osifo, President of the Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN), argued that refinery workers…
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has dismissed suggestions of a possible sale of the Port Harcourt Refining Company, asserting that the facility will remain under government ownership as it undergoes comprehensive rehabilitation. Bashir Ojulari, Group Chief Executive Officer of NNPC Ltd., addressed the matter during a corporate town hall meeting held at…
A media think-tank aligned with Nigerian President Bola Tinubu has refuted opposition allegations that the federal government is preparing to sell off the country’s underperforming refineries. In a statement issued on Wednesday, the Tinubu Media Support Group (TMSG) condemned recent comments by the African Democratic Congress (ADC), which it accused of twisting statements made by…
Dangote Refinery has again, within a week interval reduced its ex-depot price of Premium Motor Spirit (PMS), commonly known as petrol, from N840 per litre to N820 per litre, effective immediately. It would be recalled that the company last week reduced its ex-depot price from N880 to N840 per litre. With the assurance of a…
Nigeria’s Economic and Financial Crimes Commission (EFCC) has detained Umar Isa, a former Chief Financial Officer of the Nigerian National Petroleum Company Limited (NNPCL), in relation to a massive $7.2 billion fraud case tied to failed refinery rehabilitation projects. Isa, who was responsible for the financial management of the Kaduna, Warri, and Port Harcourt refineries…
A planned nationwide rollout of Premium Motor Spirit (PMS) distribution by Dangote Petroleum Refinery has been met with praise from fuel marketers and citizens alike, as anticipation grows over the potential to address Nigeria’s long-standing fuel distribution crisis. The Independent Petroleum Marketers Association of Nigeria (IPMAN) in Rivers State commended the initiative, describing it as…
