Local Refinery

Latest data on Nigeria’s midstream and downstream petroleum operations showed that domestic Premium Motor Spirit (PMS) supply declined by 21 percent in July, while petrol imports increased by 9 percent. Total daily petrol receipts also fell 10 percent, from 50.6 million litres in June to 45.5 million litres in July.

Tinubu says Nigeria's state-owned refineries will undergo a comprehensive structural, technical and managerial reset aimed at delivering profitable and sustainable operations rather than symbolic production. President pledges evidence-based reforms, insisting years of failed rehabilitation and huge public investments...

May 17, (THEWILL) — The recent declaration by the Nigerian National Petroleum Company Limited (NNPCL) regarding its new agreement with Chinese companies to restore two of the country's long-neglected refineries has raised concerns among stakeholders and the general public. The...

August 03, (THEWILL) — The recent statement by the Group Chief Executive Officer (GCEO) of the Nigerian National Petroleum Company Limited (NNPCL), Engr. Bashir Bayo Ojulari, that the state-owned refineries would not be sold, was most disappointing. This is...

July 21, (THEWILL) — The $18 billion reportedly spent on the repairs of the Nigerian National Petroleum Company Limited (NNPCL) refineries constitutes a per capita contribution of N135,000 by 200 million Nigerians over 10 years.   Although various figures had featured...

November 15, (THEWILL) - Despite the operational commencement of the Dangote Refinery and other modular refineries in Nigeria, the country imported over 2.5 billion litres of petroleum products within a 40-day period, between October 1 and November 11, 2024....