The Dangote Refinery, a $20 billion petrochemical giant in Nigeria, has successfully positioned itself as a critical player in the global energy market, exporting jet fuel to international destinations, including…
Refinery
An oil refinery is an industrial facility that processes crude oil into valuable petroleum products, such as gasoline, diesel, and jet fuel. It employs complex chemical processes to separate, purify, and convert hydrocarbons for various applications in energy and manufacturing.
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In a rare critique of Iran’s economic ties with China, a senior Iranian trade official has expressed concern over the nation’s overwhelming reliance on Beijing for its oil exports, warning…
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Long before the discovery of its vast offshore oil reserves in 2015, Guyana had established itself as a global advocate for decarbonization through its Low Carbon Development Strategy (LCDS) 2030.…
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After years of inactivity, the Port Harcourt Refinery has officially resumed the production and distribution of essential petroleum products, including Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Household…
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Nigeria’s petroleum marketers have indicated that the price of Premium Motor Spirit (PMS), commonly known as petrol, could fall to between N900 and N1000 per litre by the upcoming Yuletide…
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Former Niger Delta militant leader and Chief Executive Officer of Tantita Security Services Limited, Government Ekpemupolo, popularly known as Tompolo, has accused the Nigerian Navy of complicity in oil theft…
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IRPC Oil Company Limited has reaffirmed its dedication to ethical business practices by renewing its membership in the Thai Private Sector Collective Action Against Corruption (CAC). On November 11, 2024,…
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Crude oil prices rose on Wednesday, driven by growing demand signals from China and heightened geopolitical tensions following the latest escalation in the Russia-Ukraine conflict. Brent crude was trading at…
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Nigeria’s Dangote Refinery, owned by Africa’s wealthiest man, Aliko Dangote, has commenced the export of refined petroleum products to neighboring West African countries, marking a significant milestone for the country’s…
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Nigerians, grappling with the fallout from a recent fuel price hike by the Nigerian National Petroleum Company (NNPC) Limited, are beginning to see signs of relief. A gradual reduction in…