Nigeria and other African countries’ crude oil demand is set to more than double to 4.5 million barrels per day (bpd) by 2050 and will need more than $100 billion in investment in refining over the next decades, according to the African Refiners and Distributors Association (ARDA). Thanks to population growth, urbanization, and industrialization, Africa’s…
Despite the fluctuations in global crude oil prices, Dangote Petroleum Refinery and Petrochemicals, yesterday assured that it will ensure a stable price of the commodity. The company, in a release, signed its Group Chief Branding and Communications Officer, Anthony Chiejina, said the decision to maintain price stability reflects its unwavering commitment to supporting the Nigerian…
Chairman, Petroleum Technology Association of Nigeria (PETAN), Engr. Wole Ogunsanya has called on the government to uphold Section 3.3 of the Local Content Act 2010 to give first consideration to local contractors in divested assets. Ogunsanya, made this call during the Industry Stakeholders for the Petroleum Industry Stakeholders forum (PISF) organised by the Ministry of…
