The Dangote Petroleum Refinery is building eight new storage tanks with a combined capacity to hold 6.3 million barrels of crude oil to store imported crude. According to an exclusive report, the 650,000-barrel-a-day capacity refinery struggles to get an adequate…
Nigeria, Africa’s leading oil producer, has crossed the 1.5 million barrels per day (bpd) threshold in crude oil production, surpassing its December 2024 quota set by the Organisation of Petroleum Exporting Countries (OPEC). According to tanker tracking data, Nigeria’s output…
A group of concerned Nigerian citizens has called on the Nigerian National Petroleum Company Limited (NNPCL) to prioritise crude oil supply to local refineries, including the Dangote Refinery, over foreign partners. The group also urged President Bola Tinubu to intervene…
Nigeria’s crude oil production saw a slight decline in October 2024, decreasing from 1.54 million barrels per day to 1.53 million bpd, according to the latest oil production status report from the Nigerian Upstream Petroleum Regulatory Commission. Unlike OPEC’s reports,…
The Dangote Petroleum Refinery has revealed that the Federal Government has not met its crude oil supply targets under the naira-for-crude initiative. According to the Vice President of Dangote Industries Limited, Devakumar Edwin, the crude received from the Nigerian National…
Nigeria’s average crude oil production in the month of September declined by as much as 33,000 barrels to 1.405 million barrels per day. In its October oil market report, the Organisation of Petroleum Exporting Countries (OPEC) revealed that Nigeria’s crude…
By Seun Ibiyemi The Managing Director of the Nigerian Ports Authority (NPA), Dr. Abubakar Dantsoho, announced that the NPA has begun implementing the Federal Government’s directive to coordinate service provision from all regulatory, security, and other stakeholders for the smooth…
By Seun Ibiyemi According to the Nigeria Extractive Industries Transparency Initiative (NEITI)’s 2022 and 2023 Independent Oil and Gas Industry Report released last weekend in Abuja, about 7.68 million barrels of crude were either stolen or lost in Nigeria in…
By Adeyanju Esther The Nigerian Navy reports that troops from Forward Operating Base Lekki have apprehended five suspects linked to stolen crude oil found in a wooden boat. This was revealed in a statement shared via social media handle on…
The Nigeria National Petroleum Company Ltd (NNPCL) has stated that it will supply the Dangote refinery a total of 17.6 million barrels of crude oil between September and October this year. The Executive Vice President of the NNPC, Mr. Adedapo…
