Aspirant of the All Progressives Congress (APC), in the forthcoming Ondo elections, Oluwarotimi Akeredolu, has pledged to build a refinery and seaport in the state, if elected on November 26.
According to reports reaching ADELOVE, the candidate made the pledge on Monday during a campaign rally in the oil rich Ilaje Local Government Area of the state.
Akeredolu also pledged to relocate the Ondo State Oil Producing Area Development Commission from Akure to Igbokoda, to serve the people better.
He said that he would push the Federal […]
As part of the management of Port Harcourt Refining Company (PHRC) has announced its readiness to commence the production of Aviation Turbine Kerosene (ATK) popularly known as aviation fuel.
This part of efforts the Nigerian National Petroleum Corporation (NNPC), to reposition company for profitability in line with the 12-point agenda.
The Managing Director of PHRC, Dr. Bafred Enjugu, who disclosed this in a presentation made to the Group Managing Director of NNPC, Dr. Maikanti Baru, during an official tour of the 210, […]
According to reports, the governorship candidate of the All Progressives Congress (APC) in Ondo State, Oluwarotimi Akeredolu, yesterday said if elected his administration will bring a refinery to the state.
Akeredolu lamented that the state lost the Dangote Refinery Company to Lagos State, due to what he described as “lack of commitment” by the Olusegun Mimiko-led administration.
The APC governorship candidate spoke at an economic summit organised by the Sunshine Progressives Coalition (SPC) held at the Adegbemile Cultural Centre, Akure.
Akeredolu said he […]
According to reports, the Ogun State Government has signed agreement with a consortium of four private firms to build a refinery, proposed to be the second largest in sub-Saharan Africa.
The agreement also included the building of the largest petroleum product depot in Nigeria.
The agreement was signed in Abeokuta on Wednesday between the government and four firms: Petrolex Oil and Gas, Hyundai, Ajayi Legal Partners and Wema Bank Plc.
The Chairman, Petrolex Group, Segun Adebutu, who led the other partners at the […]
The anti-crude oil theft operations of the Nigerian Navy patrol team, deployed by FOB BONNY has raided an illegal refinery site at Boloba Creek in Bonny LGA of Rivers State.
During the raid, the patrol team destroyed the illegal refinery, which had several storage tanks loaded with unquantifiable amount of stolen crude oil.
A statement by the Naval Director of Information, Commodore Christian Ezekobe, said in a similar operation, the patrol team arrested a barge suspected to be involved in COT at […]
With efforts targeted at the diversification of the nation’s ailing economy, the Federal Government has described Dangote Fertilizer and Petrochemical projects as credible industrial undertaken capable of reducing poverty through generation of foreign exchange.
The Vice-President, Prof. Yemi Osinbajo (SAN), and the President of Dangote Group, Aliko Dangote, said the Dangote Refinery, Petrochemicals and Fertilizers Company, reputed to be the biggest in Africa, when completed offered hopes in the quest for diversification of Nigeria’s economy from total dependence on oil to […]
Vice President Yemi Osinbajo, yesterday, raised hope that by the first quarter of 2019 the nation’s refining capacity would be sufficient for the domestic market and export at the completion of Dangote refinery project in Lagos.
Besides, the current effect of foreign exchange depreciation has taken its toll on the project, which was earlier estimated at N2.8trn has now doubled to N4.8trn based on the new exchange rate.
Osinbanjo, who spoke yesterday during a brief visit to the Dangote refinery site in […]
It seems the quest for the end of petroleum scarcity in the country may not come soon, as the Department of Petroleum Resources, DPR, said the process to get modular refineries on stream takes up to two years to be completed.
Speaking to Sweetcrude, Deputy Director, Engineering and Standards Division, DPR, Dr. Olumide Aladeke, said Nigeria is massively importing petroleum products due to the low production capacity of the refineries.
He said, “The big question is not how long Nigerians should wait, […]
In an effort to create jobs for the teeming youths and boost industrialisation, governor of Akwa Ibom State, Udom Emmanuel, has performed the ground breaking ceremony of 11,000 hectares of coconut plantation and refinery in the state.
The project, St Gabriel Coconut Plantation And Refinery Limited which is situated at the portion of land which had been in contention among Ikot Abasi, Mkpat Enin and Eastern Obolo communities is expected to provide employment for more than 500 youths who would also […]
Port Harcourt Refining Company Limited has said that it pumped 28 million litres of petrol into the domestic market to help address the current product scarcity that had crippled the economy.
The Managing Director of the company, Dr. Bafred Audu Enjugu, said in a statement that the rapid response was the product of a fast-track strategy aimed at optimising available capacity at the plant in an effort to alleviate the suffering of Nigerians, who are groaning under the biting fuel scarcity […]
Nigerian National Petroleum Corporation, NNPC, disclosed yesterday that Kaduna Refinery will resume the production of Premium Motor Spirit, PMS (petrol), within the next three months.
This was even as NNPC stated that it had lifted the embargo earlier placed on 113 vessels, banning them from engaging in crude oil and gas loading activities in any of the terminals within Nigerian territorial waters.
In a statement by NNPC in Abuja, Group Managing Director of the corporation, Mr. Ibe Kachikwu, stated that the Fluid […]