The Nigerian National Petroleum Company Limited (NNPCL) may begin importation of 110, 000 barrels of crude oil per day from Venezuela or Saudi Arabia to operate the Kaduna Refinery due to come on stream next year.

Also, the Dangote, Bua and other refineries may be forced to import about 1.322 million barrels of crude oil per day amid oil production challenges in Nigeria, existing contracts on crude oil swap as well as other commercial issues.… Read the rest

Gas sector operators under the Nigerian Gas Association (NGA) have urged the Federal Government to streamline taxes and levies with new initiatives.

The group made the call during a courtesy visit to the Special Adviser to the President on Energy, Mrs. Olu Verheijen.

Led by its President, Akachukwu Nwokedi, the association also called for a review of the Petroleum Industry Act (PIA) provisions that impact the ease of doing business in the sector.… Read the rest