Oil & Gas

The Department of Petroleum Resources, DPR has launched a new digital system to monitor the distribution of petroleum products in Nigeria. Speaking at the launch in Abuja, DPR Director/CEO, Engr. Auwalu Sarki, said: “Out very good information of how the products are been taken out of the borders. To do that, you need to know […]

By Adetunji Oyebanji The public, which includes the downstream operators are key stakeholders in the Nigerian oil and gas industry. We believe that as a country, we have and should move beyond the debate on the arguments for the removal of petrol price subsidies. The discussion we should be having today is how best to

.As Bonny Light price rises to $60.52 per barrel THE Major Marketers Association of Nigeria, MOMAN has disclosed that Nigeria’s fuel subsidy, currently incurred by the Federal Government through the Nigerian National Petroleum Corporation, NNPC was not unsustainable. The price of Bonny Light rose from $59 to $60.52, on February 11, 2021, thus increasing the

The Minister of State, Petroleum Resources, Chief Timipre Sylva has urged Nigerians to be ready to pay more for fuel as crude oil prices rise in the global market. Speaking at the launch of Nigerian Upstream Cost Optimization Program in Abuja, he said with no provision of subsidy in the 2021 budget, Nigerian National Petroleum