Oil & gas

NNPCL: Oil Sector Reforms Drive $17bn Investment in 2024

Nigeria’s oil and gas sector attracted $17 billion in foreign investment in 2024, following major reforms driven by the Petroleum Industry Act (PIA) 2021...

NNPCL Assures Continued Crude Supply to Dangote Refinery, Denies Contract Termination

The Nigerian National Petroleum Company Limited (NNPCL) has dismissed reports alleging that it has ended its Naira-for-Crude agreement with Dangote Refinery, clarifying that discussions...

NNPC Ends Naira-Based Crude Supply to Local Refineries

The Nigeria National Petroleum Company (NNPC) Limited has discontinued the naira-for-crude deal with Dangote Petroleum Refinery and other local refineries, a move that could...

Dangote Refinery Expands Operations with Polypropylene Production

The Dangote Petroleum Refinery and Petrochemicals has officially commenced the production of polypropylene, marking a significant milestone for Nigeria’s industrial sector. The 650,000 barrels per...

NMDPRA Issues 3 Refinery Licences, Strengthening Nigeria’s Energy Security

The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has issued licences to three oil companies for the construction of refineries that will collectively...

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