Tag Archives: Petroleum

PPMC Increases Price Of Petrol From N138.62 To N151.56 Per Litre

The Petroleum Products Marketing Company (PPMC) has increased the pump price of premium motor spirit (PMS) otherwise known as petrol from N138.62 per litre to N151.56 per litre. “Please be informed that a new product price adjustment has been effected on our payment platform,” PPMC said in an internal memo signed by D.O Abalaka to industry…

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Mixed Reactions As President Buhari Approves The Reduction Of Petrol Price To N125

The Nigerian Government has finally reduced the pump price of petrol to N125 from N145 which has ignited mixed reactions on Twitter. The announcement was made at the end of the Federal Executive Council meeting on Wednesday at the Presidential Villa in Abuja and was shared via the official Petroleum Resources Twitter pages. In a…

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All Those Planning To Protest Should Save Their Fuel Because I Won’t Resign – Kachikwu

The minister of State for Petroleum, Mr Ibe Kachikwu has warned those planning to stage a protest over the fuel scarcity situation in the country to save their fuel as he has a lot of work to do and won’t be resigning anytime soon, reports The Guardian. Following calls for his resignation by angry Nigerians…

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91 Firms Bid For NNPC’s Petroleum Products Transport Contract

The Nigerian National Petroleum Corporation, NNPC, stated that 91 companies, consisting mainly of indigenous vessel owners, are vying to secure the contract for the provision of coastal and bunkering vessel services for the operations of the Pipelines and Products Marketing Company, PPMC, a subsidiary of the NNPC. As reported by Vanguard, the NNPC, in a…

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NNPC Confirms Signing New Interim Offshore Processing Agreement

The Nigerian National Petroleum Corporation (NNPC)Wednesday confirmed signing an interim Offshore Processing Agreement (OPA) with three of its joint venture companies. Reuters had earlier reported the interim deal quoting sources with knowledge of it. Spokesman of the corporation, Ohi Alegbe, in a statement Wednesday in Abuja, listed the companies as Duke, Carlson, Napoil and, BP…

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“Oil Sector Insecurity Is Not Peculiar To Nigeria” – Watch Governor Amaechi’s Interview On BBC

Governor of Rivers State Rotimi Amaechi, was on BBC’s Hard Talk recently where he was interviewed by Shaun Ley. River State Governor Rotimi Amaechi and Shaun Ley The Governor opened up about issues plaquing Nigeria’s economy and mention that Nigerian government is now looking into the 2nd tier of economy which is Agriculture in order…

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