To achieve the President Muhammadu Buhari administration’s target of meeting the nation’s needs and end the importation of petroleum products by 2019 which cost the country N3.35 trillion last year, the Ministry of Petroleum Resources is executing a three-pronged strategy.
Continue reading »
— Takes over imports — Oil Corporation explains position — Independent marketers abandon 198 depots, tank farms
Continue reading »
The move by the Federal Government to withdraw the refinery licences that have remained unutilised in the hands of some private investors is a step in the right direction.
Continue reading »
Lagos State government said a foundation has been laid for improved energy supply across the State with the official opening of Ibile Oil and Gas Office in Ikoyi, Lagos, assuring that the State Government is now prepared to harness the economic benefits of its oil and gas sector.
Continue reading »
The Federal Government on Wednesday said it would revoke licenses given to individuals and corporate organisations for private refineries but were yet to be utilised.
Continue reading »
Lagos State Governor, Mr. Akinwunmi Ambode on Saturday said that the refinery, petrochemical, gas and fertilizer projects being undertaken by Africa’s richest man and business mogul, Aliko Dangote at the Lekki Free Zone (LFZ) in Lagos would significantly boost the economy of Lagos and Nigeria in general. Governor Ambode who spoke to newsmen shortly after an extensive inspection tour of […]
Continue reading »