Subsidy Removal: hold Government Accountable, IPMAN Boss Urges Nigerians Independent Petroleum Marketers Association (IPMAN), has urged Nigerians to hold government accountable for the proceeds shared from subsidy removal and foreign exchange rate. Its National Operations Controller, Mr Mike Osatuyi, gave the advice on Sunday at a session tagged; “The aftermath of fuel subsidy removal”on TVC…
Kurdistan Partially Honors Oil Supply Commitment to Federal Iraqi Government The semi-autonomous region of Kurdistan is partially honoring the recent deal with the federal government of Iraq to supply crude from the region to Iraqi, an unnamed source told Argus on Wednesday. The Kurdistan Regional Government (KRG) supplies 50,000 barrels per day (bpd) of crude…
Sinopec Natural Gas Output Rises In H1, Petrochemicals Output Lags Chinese state-owned energy giant, Sinopec’s natural gas production in the first half of 2023 rose 7.6% from a year before to 666.1 billion cubic feet, according to a filing with the Shanghai Stock Exchange released recently. The company’s crude oil production over the same period…
Eleven in contention for $100,000 Nigeria Prize for Literature The Advisory Board for Nigeria Prize for Literature announces longlist of 11 drawn from 143 plays in running for 2023 edition of the prize. The genre in focus is Drama. The literature prize is sponsored by Nigeria LNG Limited (NLNG) with a cash award of $100,000….
Ikeja Electric Signs MOU with Oems for Customized Cables Leading Electricity Distribution Company, Ikeja Electric Plc (IE), recently signed a Memorandum of Understanding with two renowned Original Equipment Manufacturers (OEMs), Messrs Kabelmetal Nigeria Plc and Nigerchin Wire and Cable Ltd for the supply of customized electricity cables for its network. Speaking during the formal sign-off…
China’s Oil Imports Hit New Highs, Output Soars China is importing oil at near-record levels while its domestic product has also increased. China’s oil imports in June jumped 45.3 percent on the year to the second-highest monthly figure on record, with refiners building up inventories despite weak domestic demand. Oil imports in June totaled 12.67…
IPMAN Reacts as Fuel Price Hits N620/Litre in Port Harcourt The pump price of the Premium Motor Spirit, PMS commonly known as petrol, has hit N620 per litre in Port Harcourt following the increment in ex-depot price by NNPC Ltd. on Tuesday. There was no scarcity of the product, most fuel stations in Port Harcourt,…
NOG Energy Week Conference and Exhibition: NNPCL Reaffirms Commitment to Issuing IPOs to Investors The Nigerian National Petroleum Company Limited (NNPCL) has reaffirmed its commitment to issuing Initial Public Offers (IPO) to investors. The company’s CEO, Mele Kyari gave the assurance at the 22nd edition of the 2023 NOG Energy Week Conference and Exhibition in…
NOG Energy Week Conference and Exhibition: Stakeholders Call For Subsidies to Boost Nigeria’s Manufacturing Sector Manufacturing stakeholders attending the NOG Energy Week Conference and Exhibition in Abuja have put forward a proposal advocating for subsidies to be provided to manufacturers in the country. They assert that subsidizing the manufacturing sector will lead to reduced operational…
Federal Government, States to Partner on Electricity Following the new law decentralising electricity, the Federal Government has expressed willingness to partner with states on power generation. The Fifth Alteration Bill No. 33 (Devolution of Powers) allows states to generate, transmit and distribute electricity in areas covered by the national grid. Commissioner, Legal, Licensing and Compliance,…