1. World Class Projects 2. The Dangote Petroleum Refinery is located in the in Ibeju-Lekki, Lagos, covering a land area of approximately 2,635 hectares (seven times the size of Victoria Island). 3. World’s Largest Single-Train 650,000 barrels per day Petroleum Refinery with 900 KTPA Polypropylene Plant. 4. The 435 MW Power Plant...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has called for stakeholders collaboration and intervention towards improved domestic gas utilisation in the country. Engr. Farouk Ahmed, the Authority Chief Executive (ACE), while speaking at the stakeholders’ engagement on gas utilisation in Nigeria, said, policy frameworks such as the National...
Building capacity, enabling capability and creating opportunities for Nigerians in the Oil and Gas sector has saved the nation's economy over $10 billion dollars year on year in monetary terms and activities. The Executive Secretary, Nigerian Content Development and Management Board (NCDMB), Simbi Wabote stated this at media briefing in...
The Federal Government has said it would continue to promote the development of gas infrastructure in order to expand the domestic utilisation of gas in Nigeria. This was disclosed by the Permanent Secretary, Ministry of Petroleum Resources, Amb. Gabriel Aduda on Thursday at the 2023 edition of the Oloibiri Lecture...
President Muhammadu Buhari has approved the amendment of the bid round calendar for the 2022/2023 Deep Offshore Oil block. This was disclosed by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) in a statement on Saturday, April 1, 2023 in Abuja. TheFact Daily reports that the approval was to accommodate the concerns...
The Minister of State for Petroleum Resources, and former Bayelsa State Governor, Chief Timipre Sylva has resigned his appointment from President Muhammadu Buhari's cabinet. Sylva's resignation was announced on personal Twitter handle of Special Assistant on Digital Communications to President Buhari, Bashir Ahmad on Friday, March 31, 2023. TheFact Daily gathered...
The Executive Secretary, Petroleum Technology Development Fund (PTDF), Dr. Bello Aliyu Gusau has pledged to support the Women in Energy, Oil and Gas (WEOG) in the area of capacity building as a way of bridging the existing gender gap in the energy sector. Dr. Gusau made the pledge at the...
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has threatened to sanction filling stations rejecting bank transfer and use of Point of Sale (POS) machines across the country. NMDPRA's directive was contained in a statement issued by its General Manager, Corporate Communications & Stakeholders Management, Kimchi Apollo on Thursday,...
The Director, Research Division of the Organisation of Petroleum Exporting Countries (OPEC), Dr. Ayed Al-Qahtani has disclosed that a cumulative investment of $12.1 trillion would be required by the global oil sector to address future energy needs. Dr. Al-Qahtani who spoke during a presentation on the World Oil Outlook at...
The Independent Petroleum Marketers Association of Nigeria (IPMAN) has wussed out of its earlier plan to suspend operations in Borno State. IPMAN Chairman, Borno Chapter, Alhaji Mohammed Kuluwu confirmed this to TheFact Daily via phone call on Tuesday. He said, the issues raised in the earlier circular were being attended to,...