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Nigeria’s Port Harcourt Refinery has commenced crude oil production according to the spokesperson of the Nigerian National Petroleum Company Limited, Olufemi Soneye. Speaking on Tuesday, November 26, Soneye said that the refinery has kicked off with 60 percent capacity, processing 60,000 barrels per day of crude. The Port Harcourt refinery has a combined 250 barrels […]
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News broke earlier Monday evening that President Bola Tinubu has ordered that crude be sold to Dangote Refinery and other local refineries in Naira. According to Bayo Onanuga, the Special Adviser on Information and strategy to the president: “To ensure the stability of the pump price of refined fuel and the dollar-Naira exchange rate, the […]
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The Port Harcourt Refinery is set to begin operations following the supply of 475,000 barrels of crude oil by Shell Petroleum Development Company Limited. A statement released by Shell noted that, “This significant milestone was made possible through intensive preparations, collaboration and the dedication of the Bonny Oil and Gas Terminal, BOGT and Port Harcourt […]
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Nigeria is reported by the Organisation of Petroleum Exporting Counties (OPEC) as relegated to the second position as Africa’s biggest producer of crude oil by Libya. Prior to the latest report, Libya had overtaken Angola to take the second position behind Nigeria. The OPEC report which was released on Wednesday showed Nigeria’s oil production reduced […]
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