Articles

Chinese eye Nigeria’s modular refinery, infrastructure

Investors from China have indicated interest in building a multi-billion dollars modular refinery in Nigeria’s Niger Delta region.
 
The modular refinery initiative, which featured prominently in talks between the Federal Government and the oil-producing regions, was to discourage illegal refineries and oil pollution.
 
Mr Shaui Jiang, leader of the delegation, said the group is also investing in other areas of the Nigerian economy especially agriculture and infrastructure.
 

Egina FPSO: We’ll stick to due process in $16bn deal– Total

Total Upstream Nigeria Limited (TUPNI) has said that it has strict conflict of interest and compliance policies and would ensure that due process was followed in the $16 billion Egina Floating Production Storage Offshore (FPSO) project.
 
TUPNI explained that the reassurance is coming on the heels of some media accounts that reported allegations of bribery and potential conflict of interest in the contracting process.
 

Petrol price hits N160/litre at depots

...NNPC insists that it sells at N133.25
 
Despite the repeated assurance by the Nigerian National Petroleum Corporation (NNPC), that it has not increased its petrol ex- depot price from N133.80k, findings across some depots in Apapa proved otherwise.
 
Some marketers who spoke under the condition of anonymity, said the price of petrol received from NNPC as Wednesday was N160 per litre.
 

Natural Gas: A bridge to the future of energy

One thing the world has now in abundant supply is natural gas -- liquefied natural gas in particular. To increase demand, producers want to put the fuel into cars, trucks and ships that currently use gasoline, diesel or fuel oil, which are dirtier and cost more. If natural gas catches on, look for it first in fleets of small trucks, cars and buses from China to Italy, as well as in giant ocean-going vessels.
 

‘Why Nigeria needs to switch from dirty fuels’-- Yakubu

Cleaner fuels will reduce the negative impact of bad cooking fuels on the environment and the people. Cooking with cleaner fuels like Liquefied Petroleum Gas (LPG) will reduce the chances of inhaling dirty fuels, which in turn, has a beneficial ripple effect on the health, finances, and family, said the Managing Director, Banner Energy Limited, Nuhu Yakubu, recently in Lagos.

Fuel Scarcity: NNPC issues rare gasoline import tender

The Nigerian National Petroleum Corporation (NNPC) has issued a tender to buy up to 1.55 million tonnes of gasoline from January to April in its latest effort to stave off shortages that have recently plagued Africa’s most populous nation.
 
The tender, which was issued on Monday afternoon and closed on Tuesday, sought 42 cargoes of gasoline, each 37,000 tonnes, on top of the volumes NNPC is taking via ongoing crude-for-product swap contracts.
 

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