Refinery

Nearly seven out of every 10 barrels produced during the period were sold overseas despite persistent concerns over crude supply to domestic refineries. Higher international oil prices, rather than a sharp rise in export volumes, drove the surge...

June 3 (THEWILL) — Dangote Refinery is positioning itself as a major player in the global aviation fuel market, unveiling plans to add 700,000 barrels per day (bpd) of refining capacity by 2028 as it seeks to capitalise on...

May 21, (THEWILL) — Billionaire businessman and philanthropist, Femi Otedola, has revealed plans to invest $100 million in the forthcoming Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals, further signalling growing investor confidence in the mega refinery...

July 07, (THEWILL) — If anything aptly depicts Nigeria’s lingering macroeconomic instability and volatility, it is the raising and reduction in the pump prices of fuel (Premium Motor Spirit, PMS). Hardly has there been any month in 2025 that...

April 13, (THEWILL) – Internet users are growing at unprecedent rate and in Nigeria for instance internet users have expressed concerns and frustration over the data price increase in recent time, with many feeling its negative impact on their...

September 01, (THEWILL) – In an apparent state of bewilderment stemming from what stakeholders and industry experts ascribed to ineptitude and corruption, the Nigerian National Petroleum Company Limited (NNPC) has made a detour on the endless route towards fixing...

August 11, (THEWILL) – Ten months after the Senate embarked on a probe of the endless maintenance of Nigeria’s moribund refineries without a report, the upper and lower legislative chambers have jointly commenced a similar exercise. Following fresh controversies trailing...

January 17, (THEWILL) - Nigeria’s oil output on a month-on-month (MoM) basis rose to 1.4 million barrels per day (bpd) in December 2023, the Organisation of Petroleum Exporting Countries (OPEC) disclosed in its Monthly Oil Market Reports (MOMRs) for...

December 20, (THEWILL) – The Edo Refinery and Petrochemical Company (ERPC) facility in Ologbo and Duport Midstream Company Limited (DMCL) facility in Egbokor, Orhionmwon, have received a total of 75,500 barrels of crude from the Oza oil field and...

President Bola Tinubu on August 2, 2023 gave his commitment to the leaders of Organised Labour that the Port Harcourt Refinery will start production by December. He said this would be after the completion of an ongoing rehabilitation contract...