Dangote Petroleum Refinery has announced a major reduction in the prices of Premium Motor Spirit (PMS), known as petrol and Automotive Gas Oil (AGO), also known as diesel. Under the new pricing regime, the gantry price of PMS has been lowered from ₦1,175 to ₦1,075 per litre—a reduction of ₦100. The coastal price has also…
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) will on January 14, this year determine its procedures for the assessment of the 2025 Licensing Round. This was contained in the announcement of Lagos pre-bid conference the commission issued yesterday. NUPRC said: ” The focus areas of the upcoming pre-bid conference include: The implementation timetable, the bid…
A private entity, Backbone Infrastructure Nigeria Limited (BINL), has expressed its readiness to build $15 billion 500,000 barrels per day (bpd) refinery and establish a Free Trade Zone (FTZ) in Ondo State. It said it has concluded plans to construct and operate the plant at the Sunshine Industrial Park in Ogboti, Eruuna and Sunshine FTZ…
