A petroleum exploration and production company, Emadeb Exploration and Production Company Limited, has expressed excitement over its first oil production from the Ibom Field, marked as PPL 236. The post Petroleum company records first oil production appeared first on Read More
CPPE, PANEP fault suspension of 15% duty on fuel import
Chief Executive Officer (CEO), Centre for the Promotion of Private Enterprise (CPPE), Dr Muda Yusuf, has warned that suspension of the proposed 15 per cent import duty on petroleum products poses a significant threat to the country The post CPPE, Read More
FG suspends 15% import duty on petrol, diesel to prevent price hike
The Federal Government has suspended the implementation of the 15 per cent ad-valorem import duty earlier approved on imported Premium Motor Spirit (PMS) and diesel, following widespread concern that the policy could trigger fresh increases in fuel prices and worsen Read More
Reps probe oil firms’ non-remittances to host communities’ trust fund
The House of Representatives has ordered a full-scale investigation into the failure of oil and gas companies to remit the mandatory The post Reps probe oil firms’ non-remittances to host communities’ trust fund appeared first on The Guardian Nigeria News Read More
NUPRC promotes ADRC for quicker, fairer oil industry dispute resolution
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has renewed efforts to promote the use of its Alternative Dispute Resolution The post NUPRC promotes ADRC for quicker, fairer oil industry dispute resolution appeared first on The Guardian Nigeria News – Nigeria Read More
Protect your innovative technologies, research, NCC tells NNPC
The Nigerian Copyright Commission (NCC) has underscored the need for the protection and effective management of innovative technologies and knowledge-based assets developed by the Nigerian National Petroleum Company Limited (NNPCL) and other players in the country’s petrochemical sector. Director-General of Read More
FG pledges support for Nigeria’s first methanol plant in Ondo
The Federal Government has described the take-off of the first-ever Nigerian methanol and ammonium bicarbonate factory in Ondo State as a massive industrial investment with immense potential for national economic growth. The post FG pledges support for Nigeria’s first methanol Read More
FG commits to Siemens power deal, says electricity key to ending poverty
President Bola Tinubu, yesterday, in Abuja, restated his administration’s strong commitment to the Presidential Power Initiative (PPI), assuring technical partners, Siemens Energy, of full government backing to improve electricity supply and enhance the livelihoods of Nigerians. The post FG commits Read More
NAPS calls for ban on imported refined petroleum products
The National Association of Polytechnic Students (NAPS), the umbrella body representing students in Polytechnics, Monotechnics, and Colleges of Technology across Nigeria, has urged President Bola Ahmed Tinubu to impose a total ban on the importation of refined petroleum products. The Read More
Firm secures $50b for Ondo refinery, free trade zone project
Backbone Infrastructure Limited (BINL) said it has secured over $50 billion in funding for the construction of a 500,000 barrels-per-day refinery and the development of the Sunshine Free Trade Zone in Ilaje Local Council of Ondo State. The financing, it Read More