Petroleum – InfoStride News https://www.theinfostride.com Breaking News, Nigeria News and Top Stories Sat, 13 Sep 2025 17:31:22 +0000 en-US hourly 1 https://wordpress.org/?v=6.9.4 https://www.theinfostride.com/wp-content/uploads/2015/07/cropped-The-InfoStride-Favicon-150x150.png Petroleum – InfoStride News https://www.theinfostride.com 32 32 NUPRC Conducts First-Ever Conversion of Petroleum Licences https://www.theinfostride.com/nuprc-conducts-first-ever-conversion-of-petroleum-licences/ https://www.theinfostride.com/nuprc-conducts-first-ever-conversion-of-petroleum-licences/#respond Sat, 13 Sep 2025 17:31:22 +0000 https://www.theinfostride.com/?p=466534 The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the successful completion of its first conversion of petroleum licences under the Petroleum Industry Act (PIA), a move seen as a milestone in Nigeria’s oil and gas regulatory reforms. The exercise, which took place this week, underscores the commission’s determination to modernize the sector and align [...]

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]]> https://www.theinfostride.com/nuprc-conducts-first-ever-conversion-of-petroleum-licences/feed/ 0 Nigerian indigenous company secures deal to develop Tanzania’s Mnazi Bay North oil and gas block https://www.theinfostride.com/nigerian-indigenous-company-secures-deal-to-develop-tanzanias-mnazi-bay-north-oil-and-gas-block/ https://www.theinfostride.com/nigerian-indigenous-company-secures-deal-to-develop-tanzanias-mnazi-bay-north-oil-and-gas-block/#respond Sun, 20 Jul 2025 11:58:24 +0000 https://www.theinfostride.com/?p=462438 FIRST Exploration & Petroleum Development Company (FIRST E&P), a Nigerian indigenous oil exploration and production firm, has successfully signed a Memorandum of Understanding (MoU) with the Tanzania Petroleum Development Corporation (TPDC) to assess and potentially develop the Mnazi Bay North gas-rich block in southern Tanzania. The agreement signals the first major upstream partnership of its kind [...]

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]]> https://www.theinfostride.com/nigerian-indigenous-company-secures-deal-to-develop-tanzanias-mnazi-bay-north-oil-and-gas-block/feed/ 0 DAPPMAN states that NMDPRA has secured $1.2 billion in investment for modular refineries https://www.theinfostride.com/dappman-states-that-nmdpra-has-secured-1-2-billion-in-investment-for-modular-refineries/ https://www.theinfostride.com/dappman-states-that-nmdpra-has-secured-1-2-billion-in-investment-for-modular-refineries/#respond Tue, 15 Jul 2025 09:41:00 +0000 https://www.theinfostride.com/?p=462065 Nigeria’s energy landscape received a major boost as the National Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) successfully attracted $1.2 billion in investment for modular refineries, according to DAPPMAN, the Dangote Petroleum Products Marketing Company. The inflows, representing a milestone in local refining capacity development, highlight growing investor confidence in private-sector-driven solutions to longstanding fuel security [...]

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]]> https://www.theinfostride.com/dappman-states-that-nmdpra-has-secured-1-2-billion-in-investment-for-modular-refineries/feed/ 0 NIPCO pledges to maintain leadership in driving Nigeria’s energy transformation https://www.theinfostride.com/nipco-pledges-to-maintain-leadership-in-driving-nigerias-energy-transformation/ https://www.theinfostride.com/nipco-pledges-to-maintain-leadership-in-driving-nigerias-energy-transformation/#respond Sun, 13 Jul 2025 14:13:07 +0000 https://www.theinfostride.com/?p=461883 NIPCO Plc has reaffirmed its commitment to maintaining a leadership position in Nigeria’s evolving energy landscape, assuring stakeholders of its continued role in advancing energy solutions that align with the country’s transition toward cleaner, more sustainable energy sources. The company made this assurance while highlighting its achievements and future strategy as part of its ongoing [...]

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]]> https://www.theinfostride.com/nipco-pledges-to-maintain-leadership-in-driving-nigerias-energy-transformation/feed/ 0 Nigerian Parliament Blocks IOC Divestment https://www.theinfostride.com/nigerian-parliament-blocks-ioc-divestment/ https://www.theinfostride.com/nigerian-parliament-blocks-ioc-divestment/#respond Sat, 25 May 2024 23:30:23 +0000 https://www.theinfostride.com/?p=378908 The House of Representatives has adopted a resolution opposing the Nigerian Upstream Petroleum Regulatory Commission’s (NUPRC) authorization for International Oil Companies (IOCs) to divest until there is complete adherence to decommissioning guidelines and regulations outlined in the Petroleum Industry Act. The resolution, presented in a motion by Honourable Ikenga Ugochinyere, highlights concerns that many international [...]

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]]> https://www.theinfostride.com/nigerian-parliament-blocks-ioc-divestment/feed/ 0 NUPRC Initiates Bidding Round for 12 Oil Blocks https://www.theinfostride.com/nuprc-initiates-bidding-round-for-12-oil-blocks/ https://www.theinfostride.com/nuprc-initiates-bidding-round-for-12-oil-blocks/#respond Wed, 15 May 2024 21:43:01 +0000 https://www.theinfostride.com/?p=378039 The Nigerian Upstream Petroleum Regulatory Commission has initiated the bidding process for 12 oil blocks recently made available for sale, marking the commencement of the 2024 Nigeria Petroleum Licensing Round and the resumption of the 2022/2023 mini-bid round. In a press release issued by the commission’s chief executive, Gbenga Komolafe, it was announced that the [...]

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]]> https://www.theinfostride.com/nuprc-initiates-bidding-round-for-12-oil-blocks/feed/ 0 EFCC Arraigns Five Over Illegal Petroleum Dealings https://www.theinfostride.com/efcc-arraigns-five-over-illegal-petroleum-dealings/ https://www.theinfostride.com/efcc-arraigns-five-over-illegal-petroleum-dealings/#respond Sun, 14 Apr 2024 21:00:04 +0000 https://www.theinfostride.com/?p=375818 The Economic and Financial Crimes Commission (EFCC) on Monday arraigned five individuals before a Federal High Court in Lagos over an illegal deal involving petroleum products. The defendants, including a vessel named Mt Vinnalaris, Azeez Abubakar, Wisdom Borborley, Samuel Akpan, and Freedom Otuagoma, appeared before Justice Chukwujekwu Aneke on two counts bordering on unlawful dealings [...]

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]]> https://www.theinfostride.com/efcc-arraigns-five-over-illegal-petroleum-dealings/feed/ 0 IPMAN Attributes Increase in Petroleum Product Prices to 600% Tariff Hike by NMDPRA https://www.theinfostride.com/ipman-attributes-increase-in-petroleum-product-prices-to-600-tariff-hike-by-nmdpra/ https://www.theinfostride.com/ipman-attributes-increase-in-petroleum-product-prices-to-600-tariff-hike-by-nmdpra/#respond Tue, 23 Jan 2024 19:03:03 +0000 https://www.theinfostride.com/?p=368356 The Independent Petroleum Marketers Association of Nigeria (IPMAN) has pointed to a substantial 600% increase in tariffs by the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) as the primary factor responsible for the recent surge in prices of petroleum products. This revelation sheds light on the economic dynamics influencing the pricing structure in the [...]

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]]> https://www.theinfostride.com/ipman-attributes-increase-in-petroleum-product-prices-to-600-tariff-hike-by-nmdpra/feed/ 0 Nigeria Stays OPEC Strong: Petroleum Minister Upholds Commitment Amid Production Cuts https://www.theinfostride.com/nigeria-stays-opec-strong-petroleum-minister-upholds-commitment-amid-production-cuts/ https://www.theinfostride.com/nigeria-stays-opec-strong-petroleum-minister-upholds-commitment-amid-production-cuts/#respond Wed, 27 Dec 2023 22:10:03 +0000 https://www.theinfostride.com/?p=365743 The commitment of Nigeria to the Organization of the Petroleum Exporting Countries (OPEC) remains steadfast, as reiterated by the Minister of State for Petroleum, Heineken Lokpobiri. This affirmation comes in the wake of Angola, the second-largest oil producer in Africa, deciding to exit the cartel. In a statement issued on Thursday, Lokpobiri emphasized that Nigeria [...]

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]]> https://www.theinfostride.com/nigeria-stays-opec-strong-petroleum-minister-upholds-commitment-amid-production-cuts/feed/ 0 Port Harcourt Refinery Powers Up Post-Holiday Hiatus, Promises Petroleum Products Soon https://www.theinfostride.com/port-harcourt-refinery-powers-up-post-holiday-hiatus-promises-petroleum-products-soon/ https://www.theinfostride.com/port-harcourt-refinery-powers-up-post-holiday-hiatus-promises-petroleum-products-soon/#respond Thu, 21 Dec 2023 21:43:08 +0000 https://www.theinfostride.com/?p=365162 The Port Harcourt Refining and Petrochemical Company, located in Rivers State, has reinitiated its operations, marking a significant milestone in the Federal Government’s commitment to restoring the facility’s production of refined products by the year’s end. After a prolonged period of underperformance and extensive turnaround maintenance, during which the facility produced minimal output, the Minister [...]

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]]> https://www.theinfostride.com/port-harcourt-refinery-powers-up-post-holiday-hiatus-promises-petroleum-products-soon/feed/ 0 Oil prices drops as OPEC+ holds on to monthly output increase https://www.theinfostride.com/oil-prices-drops-as-opec-holds-on-to-monthly-output-increase/ https://www.theinfostride.com/oil-prices-drops-as-opec-holds-on-to-monthly-output-increase/#respond Mon, 08 Nov 2021 18:23:44 +0000 https://www.theinfostride.com/?p=312305 Crude oil prices reduces as the Organisation of the Petroleum Exporting Countries and its allies known as OPEC+ collaborates to continue with the current output plan. Brent crude futures traded at $81.88 a barrel while US West Texas Intermediate (WTI) crude futures shed 0.17 per cent to $80.29 a barrel at the end of the [...]

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]]> https://www.theinfostride.com/oil-prices-drops-as-opec-holds-on-to-monthly-output-increase/feed/ 0 Seplat finds ways to provide sustainable energy transition https://www.theinfostride.com/seplat-finds-ways-to-provide-sustainable-energy-transition/ https://www.theinfostride.com/seplat-finds-ways-to-provide-sustainable-energy-transition/#respond Sun, 31 Oct 2021 15:46:59 +0000 https://www.theinfostride.com/?p=311656 Chairman, Seplat Energy Plc Dr. ABC Orjiako, has established that Energy Transition can only be achieved in a collaborative manner leveraging technology and innovation.   Orjiakor spoke Milken Institute Global Conference themed, “Charting a New Course”. The Milken Institute Global Conference is an annual convening of global leaders in government, finance, health, academia, industry and [...]

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]]> https://www.theinfostride.com/seplat-finds-ways-to-provide-sustainable-energy-transition/feed/ 0 Petrol subsidy looking to rise to N3 trillion annually under current market realities says PPMC https://www.theinfostride.com/petrol-subsidy-looking-to-rise-to-n3-trillion-annually-under-current-market-realities-says-ppmc/ https://www.theinfostride.com/petrol-subsidy-looking-to-rise-to-n3-trillion-annually-under-current-market-realities-says-ppmc/#respond Thu, 28 Oct 2021 21:55:18 +0000 https://www.theinfostride.com/?p=311445 The Petroleum Products Marketing Company (PPMC), a subsidiary of the Nigerian National Petroleum Corporation (NNPC) has alarmed the government that the annual subsidy on Premium Motor Spirit (petrol) could rise to N3 trillion if the current market realities continues. The Managing Director, PPMC, Mr Isiyaku Abdullahi, said this at a panel session during the 15th [...]

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]]> https://www.theinfostride.com/petrol-subsidy-looking-to-rise-to-n3-trillion-annually-under-current-market-realities-says-ppmc/feed/ 0 Court grants former Director at Ministry of Petroleum N30 million bail https://www.theinfostride.com/court-grants-former-director-at-ministry-of-petroleum-n30-million-bail/ https://www.theinfostride.com/court-grants-former-director-at-ministry-of-petroleum-n30-million-bail/#respond Wed, 27 Oct 2021 22:03:59 +0000 https://www.theinfostride.com/?p=311370 An Abuja division of the Federal High Court has officially granted Ms Grace Taiga, former Director of Legal Services, Ministry of Petroleum Resources a N30 million bail in the multiple fraud case involving Process and Industrial Development Limited (P&ID). The presiding judge, Justice Obiora Egwuatu on Wednesday held that Taiga should meet her bail conditions. [...]

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]]> https://www.theinfostride.com/court-grants-former-director-at-ministry-of-petroleum-n30-million-bail/feed/ 0 OPEC lowers growth forecast for global oil demand in 2021. https://www.theinfostride.com/opec-lowers-growth-forecast-for-global-oil-demand-in-2021/ https://www.theinfostride.com/opec-lowers-growth-forecast-for-global-oil-demand-in-2021/#respond Wed, 13 Oct 2021 21:58:54 +0000 https://www.theinfostride.com/?p=310311 OPEC in its new report said that the global demand for crude oil in the current year is expected to increase by an average of 5.8 million barrels per day as against the initial forecast of a growth of 5.96 million barrels per day as suggested by OPEC experts. According to NAN, this disclosure is [...]

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]]> https://www.theinfostride.com/opec-lowers-growth-forecast-for-global-oil-demand-in-2021/feed/ 0 Tanker Drivers halts planned nationwide strike as FG intervenes https://www.theinfostride.com/tanker-drivers-halts-planned-nationwide-strike-as-fg-intervenes/ https://www.theinfostride.com/tanker-drivers-halts-planned-nationwide-strike-as-fg-intervenes/#respond Mon, 11 Oct 2021 05:57:45 +0000 https://www.theinfostride.com/?p=310084 The National Union of Petroleum and Gas Workers (NUPENG) have announced the halting of the proposed strike by its affiliate members, Petroleum Tanker Drivers (PTD). The strike, which would have started on Monday, October 11, 2021, was called off due to the intervention of the Federal Government. According to NAN, this disclosure was made by [...]

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]]> https://www.theinfostride.com/tanker-drivers-halts-planned-nationwide-strike-as-fg-intervenes/feed/ 0 FG attracts $500m to gas value chain through network code https://www.theinfostride.com/fg-attracts-500m-to-gas-value-chain-through-network-code/ https://www.theinfostride.com/fg-attracts-500m-to-gas-value-chain-through-network-code/#respond Wed, 11 Aug 2021 17:10:06 +0000 https://www.theinfostride.com/?p=303579 The Department of Petroleum Resources (DPR) has stated that the Nigerian Gas Transportation Network Code (NGTNC) introduced last year to guide open access transportation of natural gas, has already attracted investment proposals of over $500 million. According to the Director, DPR, Sarki Auwalu, so far, the Department has received investment proposals for power generation, ammonia [...]

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]]> https://www.theinfostride.com/fg-attracts-500m-to-gas-value-chain-through-network-code/feed/ 0 IPMAN threatens to suspend operations in Enugu, Rivers, others https://www.theinfostride.com/ipman-threatens-to-suspend-operations-in-enugu-rivers-others/ https://www.theinfostride.com/ipman-threatens-to-suspend-operations-in-enugu-rivers-others/#respond Sun, 01 Aug 2021 21:32:27 +0000 https://www.theinfostride.com/?p=302689 The Independent Petroleum Marketers Association of Nigeria on Saturday threatened to suspend the supply and distribution of products within its designated Eastern Zone effective Monday. IPMAN’s strike notice, which was contained in a circular signed by the association’s National President, Sanusi Fari, is coming against the backdrop of alleged harassment of its members by the [...]

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]]> https://www.theinfostride.com/ipman-threatens-to-suspend-operations-in-enugu-rivers-others/feed/ 0 Minister: President Buhari will sign PIB into law soon https://www.theinfostride.com/minister-president-buhari-will-sign-pib-into-law-soon/ https://www.theinfostride.com/minister-president-buhari-will-sign-pib-into-law-soon/#respond Sat, 10 Jul 2021 03:04:50 +0000 https://www.theinfostride.com/?p=300180 The Federal Government on Thursday assured operators in the oil and gas sector as well as other stakeholders that the Petroleum Industry Bill would soon be signed into law by President Muhammadu Buhari. Minister of State for Petroleum Resources, Chief Timipre Sylva, who gave the assurance in Abuja, stated that the bill would be signed [...]

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]]> https://www.theinfostride.com/minister-president-buhari-will-sign-pib-into-law-soon/feed/ 0 Minister: Nigerian government will support lawful refiners https://www.theinfostride.com/minister-nigerian-government-will-support-lawful-refiners/ https://www.theinfostride.com/minister-nigerian-government-will-support-lawful-refiners/#respond Sun, 27 Jun 2021 22:42:05 +0000 https://www.theinfostride.com/?p=298744 The Minister of State for Petroleum Resources, Chief Timipre Sylva, says that government will support artisanal refiners that are lawful in their operations.   The Minister disclosed this in Abuja on Sunday when he featured at a Forum of the News Agency of Nigeria (NAN). He said that government had been supporting building of modular [...]

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]]> https://www.theinfostride.com/minister-nigerian-government-will-support-lawful-refiners/feed/ 0 Petrol smuggling: Nigerian government using device to track trucks, smugglers https://www.theinfostride.com/petrol-smuggling-nigerian-government-using-device-to-track-trucks-smugglers/ https://www.theinfostride.com/petrol-smuggling-nigerian-government-using-device-to-track-trucks-smugglers/#respond Sun, 27 Jun 2021 22:34:16 +0000 https://www.theinfostride.com/?p=298739 The Federal Government says it has facilitated the use of a tracking device to track every truck loading petroleum product from any of its depots as part of efforts to nip smuggling in the bud and arrest culprits.   Minister of State for Petroleum Resources, Chief Timipre Sylva, said this at a forum organised by [...]

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]]> https://www.theinfostride.com/petrol-smuggling-nigerian-government-using-device-to-track-trucks-smugglers/feed/ 0 Nigeria Shouldn’t Spend $6bn A Year To Import Petroleum Products – Obaseki https://www.theinfostride.com/nigeria-shouldnt-spend-6bn-a-year-to-import-petroleum-products-obaseki/ Thu, 02 May 2019 10:30:52 +0000 https://www.theinfostride.com/?p=231908 Edo State Governor, Mr Godwin Obaseki has spoken up for channelling domestic savings to development financing instruments to boost development. The governor revealed this as chairman of the session on development financing at the induction of new and returning governors into the Nigeria Governors Forum (NGF) in Abuja. He said that the N200bn investment in [...]

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]]> Work Will Still Continue On Other Aspects Of The Petroleum Industry – Yakubu Dogara https://www.theinfostride.com/work-will-still-continue-on-other-aspects-of-the-petroleum-industry-yakubu-dogara/ Sat, 20 Jan 2018 21:35:12 +0000 https://www.theinfostride.com/?p=196810 Speaker Yakubu Dogara has begged President Muhammadu Buhari to, as a matter of urgency, sign into law the Petroleum Industry Governance Bills (PIGB) passed into law by the National Assembly. He said the new legislation will be transmitted to the President within the next few days explained that the parliament had to move on and [...]

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]]> There Is Always More Demand For Petroleum In Winter Period – Lai Mohammed https://www.theinfostride.com/there-is-always-more-demand-for-petroleum-in-winter-period-lai-mohammed/ Thu, 07 Dec 2017 22:16:56 +0000 http://www.theinfostride.com/?p=191882 The Federal Executive Council (FEC) has handed the minister of state for Petroleum, Ibe Kachikwu, and the GMD of the state run Nigeria National Petroleum Corporation (NNPC), Maikanti Baru, strict orders to put an end to the petrol queues spiralling across the country–by the weekend. Queues showed up in Lagos and Abuja on Monday this [...]

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]]> Maikanti Baru And Ibe Kachikwu Discuss Opportunities In Petroleum Industry https://www.theinfostride.com/maikanti-baru-and-ibe-kachikwu-discuss-opportunities-in-petroleum-industry/ Wed, 11 Oct 2017 18:04:53 +0000 http://www.theinfostride.com/?p=185030 Dr Ibe Kachikwu and Group Managing Director of NNPC, Mr Maikanti Baru, met recently and TALKED ABOUT opportunities to further develop the nation’s oil and gas sector. They met in Abuja at the ongoing Nigerian Economic Summit at the Energy Policy Committee session. Baru, who led a session, came‎ up early at the venue of [...]

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]]> Ibe Kachikwu Is Naive – Reno Omokri https://www.theinfostride.com/ibe-kachikwu-is-naive-reno-omokri/ Sat, 07 Oct 2017 13:14:43 +0000 http://www.theinfostride.com/?p=184413 Bemigho Reno Omokri, a former aide to ex-President Goodluck Jonathan has shaded the Minister of state for Petroleum and Chairman, NNPC board, Dr Ibe Kachikwu. He said “The naivety of Kachikwu in writing that letter to Buhari beats me! He doesn’t know that Baru was brought in to do exactly what he is doing! “After [...]

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]]> Adulterated Petroleum Products Now Existing In Bayelsa State? https://www.theinfostride.com/adulterated-petroleum-products-now-existing-in-bayelsa-state/ Thu, 29 Jun 2017 07:17:37 +0000 http://www.theinfostride.com/?p=170072 The Department of Petroleum Resources (DPR), on Tuesday allayed fears over the purported circulation of adulterated and illegally refined petroleum products in Bayelsa State. Mr Asuquo Antai, Operations Controller of DPR in Bayelsa, told News Agency of Nigeria (NAN) in Yenagoa that members of the public who patronise licensed fuel stations have nothing to fear. [...]

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]]> Culture Is More Important Than Petroleum – Lai Mohammed https://www.theinfostride.com/culture-is-more-important-than-petroleum-lai-mohammed/ Thu, 15 Jun 2017 22:42:15 +0000 http://www.theinfostride.com/?p=168398 The Minister of Information ,Culture and Tourism on Wednesday said culture could be the mainstay of the country’s economy if well preserved and given the value it deserved. Mohammed made the statement in Lagos when he declared open an exhibition of stolen artifacts recently repatriated from Europe and America. The News Agency of Nigeria (NAN) [...]

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]]> FG To Reduce Petroleum Import To 60% By 2018 – Ibe Kachikwu https://www.theinfostride.com/fg-to-reduce-petroleum-import-to-60-by-2018-ibe-kachikwu/ Thu, 18 May 2017 12:00:58 +0000 http://www.theinfostride.com/?p=165342 The Minister of State for Petroleum Resources, Dr Ibe Kachikwu has reiterated Federal Government’s resolve to reduce importation of petroleum products from the present 95 per cent to 60 per cent by 2018. Kachikwu stated this at the Rainoil 20th Anniversary Lecture organised by the company in Lagos on Wednesday. The theme of the anniversary [...]

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]]> NUPENG Begins Indefinite Strike https://www.theinfostride.com/nupeng-begins-indefinite-strike/ Mon, 03 Apr 2017 11:20:46 +0000 http://www.theinfostride.com/?p=160831 Petroleum tanker drivers in Nigeria have commenced an indefinite strike which was scheduled to start today, Monday, April 3. The drivers, under the umbrella of the Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) had warned on Sunday that there would be no going back on the strike. The commencement of the strike was [...]

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]]> NNPC Resumes Loading Of Petroleum Products https://www.theinfostride.com/nnpc-resumes-loading-of-petroleum-products/ Sun, 15 Jan 2017 12:53:31 +0000 http://www.theinfostride.com/?p=154052 Mr Ndu Ughamadu, the Group General Manager, Group Public Affairs Division, the Nigerian National Petroleum Corporation (NNPC), says the corporation has resumed loading of petroleum products in all its depots nationwide. Ughamadu made the disclosure in a statement on Saturday in Abuja. He said that the resumption of activities at the depots across the country [...]

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]]> 306 Nigerians Died In Petroleum Tanker Accidents This Year – FRSC https://www.theinfostride.com/306-nigerians-died-in-petroleum-tanker-accidents-this-year-frsc/ Sat, 24 Dec 2016 08:05:19 +0000 http://www.theinfostride.com/?p=152238 Boboye Oyeyemi, Corp Marshal of the Federal Road Safety Corps recently disclosed that no less than 306 persons lost their lives in 2016 as a result of Petroleum tanker accidents across the country. Speaking at the flag off of the Special End of Year 2016 Patrol in Makurdi, Oyeyemi claimed that the losses from tanker [...]

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]]> NNPC Assure Nigerians Of Adequate Petroleum Products https://www.theinfostride.com/nnpc-assure-nigerians-of-adequate-petroleum-products/ Sat, 09 Jul 2016 11:29:14 +0000 http://www.theinfostride.com/?p=135464 The Management of the Nigerian National Petroleum Corporation (NNPC) has assured that there is adequate petroleum products and advised that people should not embark on panic buying. This is contained in a statement signed by Alhaji Garba Deen muhammad, Group General Manager, Group public Affairs division, on Friday in Abuja. It said the Corporation had [...]

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]]> Muhammadu Buhari Criticised Over Baru’s Appointment https://www.theinfostride.com/muhammadu-buhari-criticised-over-barus-appointment/ Tue, 05 Jul 2016 17:44:00 +0000 http://www.theinfostride.com/?p=134869 President Muhammadu appointed Emmanuel Ibe Kachikwu as Minister of State for Petroleum on Wednesday, November 11, 2015 alongside 35 others. The President deliberately excluded the Minister of Petroleum as he personally wanted to oversea the affairs of the ministry. Within this period, Kachikwu reported directly to the president. This and the inability of President Buhari [...]

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]]> 8 Filling Stations Sealed In Sokoto, Kebbi https://www.theinfostride.com/8-filling-stations-sealed-in-sokoto-kebbi/ Tue, 16 Feb 2016 12:58:43 +0000 http://www.theinfostride.com/?p=120707 The Department of Petroleum Resources (DPR) says it has sealed eight independent petroleum stations in Sokoto and Kebbi for allegedly selling petrol above the government approved pump price. The Sokoto Zonal Operations Controller, Mr Mohammed Makera, made the disclosure when he addressed newsmen in Sokoto on Tuesday. Makera, who gave an update on the fuel [...]

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]]> Kachikwu Promises To Transform Nigeria’s Oil Sector In 365 Days https://www.theinfostride.com/kachikwu-promises-to-transform-nigerias-oil-sector-in-365-days/ Sat, 19 Dec 2015 23:01:11 +0000 http://www.theinfostride.com/?p=113965 The Minister of State for Petroleum, Dr Ibe Kachikwu, has promised to bring about fundamental change in Nigeria’s petroleum sector in 365 days. He gave the promise on Saturday when All Progressives Congress (APC) chieftains in Delta, led by Mr Jones Erue, the party chairman, visited him at his country home in Onicha-Ugbo, Aniocha North [...]

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]]> Federal Government Proposing To Split NNPC Into Two Companies https://www.theinfostride.com/federal-government-proposing-to-split-nnpc-into-two-companies/ Tue, 08 Dec 2015 19:51:14 +0000 http://www.theinfostride.com/?p=111281 The Federal Government has broken up the Petroleum Industry Bill (PIB) into different versions and is proposing breaking the Nigerian National Petroleum Corporation (NNPC) into two companies – the Nigeria Petroleum Assets Management Company (NPAM) and a National Oil Company (NOC) that would be run on commercial lines and partly privatised. According to reports, the [...]

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]]> N1.8bn Petroleum Subsidy Fraud: Court of Appeal Gives EFCC Nod To Investigate Yanaty Petrochemical Limited https://www.theinfostride.com/n1-8bn-petroleum-subsidy-fraud-court-of-appeal-gives-efcc-nod-to-investigate-yanaty-petrochemical-limited/ Tue, 08 Dec 2015 08:19:40 +0000 http://www.theinfostride.com/?p=111150 The Abuja Division of the Court of Appeal, on Monday, December 7, ordered Yanaty Petrochemical Limited, an oil marketing company, to submit itself for investigation by the Economic and Financial Crimes Commission (EFFC) over an alleged N1,840,768,720 petroleum subsidy fraud. The EFCC had dragged the defendant before the appellate court to set aside the judgment [...]

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]]> The Issue Of Volatile Oil Price Will Be The Focus Of My Tenure As OPEC President – Kachikwu https://www.theinfostride.com/the-issue-of-volatile-oil-price-will-be-the-focus-of-my-tenure-as-opec-president-kachikwu/ Fri, 04 Dec 2015 12:16:48 +0000 http://www.theinfostride.com/?p=110325 Ahead of his assumption of office as the new President of the Organisation of Petroleum Exporting Countries (OPEC), Nigeria’s Minister of State for Petroleum Resources, Dr Ibe Emmanuel Kachikwu, has made the issue of volatile oil price the focus of his tenure. Kachikwu took over from immediate past Minister of Petroleum, Diezani Alison-Madueke, who made [...]

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]]> Kachikwu Discloses FG’s Plan To Privatize Pipeline Network https://www.theinfostride.com/kachikwu-discloses-fgs-plan-to-privatize-pipeline-network/ Wed, 02 Dec 2015 20:00:50 +0000 http://www.theinfostride.com/?p=110010 Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, yesterday said that the Federal Government plans to privatize the petroleum products pipeline network in the country to minimize the issue of perennial vandalism and ensure availability of products in the country next year. Kachikwu stated this while touring products depots in Apapa area of Lagos. [...]

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]]> IPMAN Proffers Solution To Fuel Scarcity In Nigeria https://www.theinfostride.com/ipman-proffers-solution-to-fuel-scarcity-in-nigeria/ Mon, 30 Nov 2015 22:08:00 +0000 http://www.theinfostride.com/?p=109751 The Independent Petroleum Marketers Association of Nigeria (IPMAN) yesterday urged the Federal Government to decentralise loading of petroleum products to make for effective loading at depots across the country. “The government approach, where marketers across the country are expected to load petroleum products from only depots in Lagos state, is counter-productive,” Chief Lawson Obasi, national [...]

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]]> NPA Update: 41 Ships Carrying Petroleum Products And Food Items To Arrive At Lagos Ports https://www.theinfostride.com/npa-update-41-ships-carrying-petroleum-products-and-food-items-to-arrive-at-lagos-ports/ Fri, 27 Nov 2015 23:58:30 +0000 http://www.theinfostride.com/?p=109438 Forty one ships carrying petroleum products, food items and other goods are expected to berth at the Apapa and Tin-Can Island Ports in Lagos from today, Friday, till December 18. The Nigerian Ports Authority (NPA) stated this in its daily publication – ‘Shipping Position’, – a copy of which was made available to newsmen on Friday [...]

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]]> Court Reserves Judgment In Alleged N1.8bn Petroleum Subsidy Fraud Involving Yanaty https://www.theinfostride.com/court-reserves-judgment-in-alleged-n1-8bn-petroleum-subsidy-fraud-involving-yanaty/ Fri, 27 Nov 2015 23:41:01 +0000 http://www.theinfostride.com/?p=109262 The Court of Appeal, Abuja, on Tuesday, November 24, 2015 reserved judgment in the case involving Yanaty Petrochemical Limited, an oil marketing company, over an alleged N1,840,768, 720 petroleum subsidy fraud. Economic and Financial Crimes Commission (EFCC) is asking the appellate court to set aside the judgment of Justice Adeniyi Ademola of the Federal High [...]

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]]> Fuel Scarcity Caused By Vandals, Unscrupulous Marketers, Subsidy Debt – NNPC https://www.theinfostride.com/fuel-scarcity-caused-by-vandals-unscrupulous-marketers-subsidy-debt-nnpc/ Fri, 27 Nov 2015 23:25:15 +0000 http://www.theinfostride.com/?p=109235 The Nigerian National Petroleum Corporation (NNPC), yesterday blamed the persistent fuel crisis in the country on the continuous vandalisation of the System 2B pipeline at Arepo, sharp practices by oil marketers and the delay in the payment of outstanding subsidy claims to the marketers. In a presentation to the Senate Committee, Managing Director of the [...]

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]]> Fuel Scarcity Responsible For Apapa Traffic Gridlock – NUPENG https://www.theinfostride.com/fuel-scarcity-responsible-for-apapa-traffic-gridlock-nupeng/ Fri, 27 Nov 2015 22:31:44 +0000 http://www.theinfostride.com/?p=109340 The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG), says the problem of traffic gridlock at Apapa in Lagos State will persist until the fuel scarcity is resolved. The union attributed the traffic gridlock to the activities of pipeline vandals, which forced the Nigerian National Petroleum Corporation, NNPC, depots to stop loading fuel. The [...]

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]]> Nigerian Senate Gives NNPC Two Weeks To End Fuel Scarcity https://www.theinfostride.com/nigerian-senate-gives-nnpc-two-weeks-to-end-fuel-scarcity/ Fri, 27 Nov 2015 11:50:52 +0000 http://www.theinfostride.com/?p=109129 The Nigerian National Petroleum Corporation (NNPC) and all the agencies under the Ministry of Petroleum Resources has just two weeks to end petroleum products’ scarcity in the country. This is according to the Senate which gave the order on Thursday. The red chamber also said notable sharp practices including discrepancies in prices of petroleum products, [...]

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]]> At Least 50 Petrol Stations Sealed-off By DPR In Ibadan For Selling Above Approved Pump Price https://www.theinfostride.com/at-least-50-petrol-stations-sealed-off-by-dpr-in-ibadan-for-selling-above-approved-pump-price/ Fri, 27 Nov 2015 11:48:55 +0000 http://www.theinfostride.com/?p=109131 The Department of Petroleum Resources (DPR), Oyo and Osun field office has sealed off more than 50 petrol stations in Ibadan and environs for hoarding and selling the product above government approved price. A filling station allegedly belonging to a former senator from Oke Ogun part of the state was among those sealed off by [...]

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]]> NNPC Engages DSS And EFCC To Check Fuel Hoarding https://www.theinfostride.com/nnpc-engages-dss-and-efcc-to-check-fuel-hoarding/ Thu, 26 Nov 2015 18:10:37 +0000 http://www.theinfostride.com/?p=109026 As the problem of fuel scarcity persists across the country, the Nigerian National Petroleum Corporation (NNPC) has partnered the Department of State Services (DSS) and Economic and the Financial Crimes Commission (EFCC) to help check the unwholesome practice of hoarding and diversion of petroleum products, by some unscrupulous marketers. The partnership with the security agencies [...]

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]]> NUPENG Begs President Buhari To End Fuel Shortages https://www.theinfostride.com/nupeng-begs-president-buhari-to-end-fuel-shortages/ Wed, 25 Nov 2015 17:59:37 +0000 http://www.theinfostride.com/?p=108835 Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has urged the Federal Executive Council (FEC), headed by President Muhammadu Buhari, to immediately hit the ground running by arresting the worsening fuel scarcity across the country. NUPENG in a statement, yesterday, by its President, Igwe Achese, contended that since President Buhari was in charge of [...]

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]]> PENGASSAN Determined To Resist FG, Oil Companies Plan To Downsize https://www.theinfostride.com/pengassan-determined-to-resist-fg-oil-companies-plan-to-downsize/ Sun, 15 Nov 2015 16:46:13 +0000 http://www.theinfostride.com/?p=107317 The Petroleum and Natural Gas Senior Staff Association of Nigeria (PENGASSAN) has vowed to resist any form of downsizing in the industry by the federal government and International Oil Companies (IOCs). While declaring it is not averse to removal of subsidy on petroleum products, PENGASAN said it will not back any policy that will have [...]

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