Tag: Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA)

How Investment Inflow Can Fix Petroleum Supply Chain Inefficiency- NMDPRA

ADEOLA YUSUF

. ‘Lack of efficiency drives Charter costs to $100,000 per day,’ full revelations about products’ supply the Authority’s Executive Director, Distribution, Storage System and Retail Infrastructure, Mr. Ogbugo Ukoha, made at the OTL Africa 2024 The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA), Executive Director, Distribution, Storage System and Retail Infrastructure, Mr. Ogbugo Ukoha has highlighted significant inefficiencies and cost challenges in Nigeria’s petroleum distribution infrastructure. Platforms Africa reports that Ukoha stated this while speaking the OTL Africa Summit in Lagos, he urged for greater investment in Nigeria’s coastal…

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Petrol Price Finally Raised Above N165 Per Litre

Abibat Babalola

The price of petrol has finally been raised above N165 per litre across the regions of the country…. Although petrol marketers said the Federal Government gave approval for the raise, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) is yet to react to this. Attempted to get a confirmation from the NMDPRA on Tuesday morning but the spokesman of the agency, Mr Apollo Kimchi, did not respond to enquiries. READ ALSO: IGP Orders Probe Of Singer Portable Over One Million Boys Petrol Hits N180/litre, Worsens Fare Hike For Sallah…

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Why Nigeria Cannot Introduce Subsidy On Diesel – NNPC

Abibat Babalola

It is regrettable that Nigeria’s petroleum refineries are not working and the possibility of introducing subsidies on Automotive Gas Oil, also known as diesel, is unlikely, the Federal Government has said. The Chief Executive Officer (CEO) of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, who made this known in Abuja on Tuesday stated that the government cannot afford the payment of subsidies on diesel. He made the comments while appearing before the House of Representatives Committee on Downstream, alongside the CEO of Nigerian Midstream and Downstream Petroleum Regulatory…

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NNPC, Sahara Group invest $300m in gas

Abibat Babalola

The Nigerian National Petroleum Company Limited (NNPC) and leading energy and infrastructure conglomerate, Sahara Group have taken delivery of two 23,000 CBM Liquefied Petroleum Gas (LPG) vessels at the Hyundai MIPO Shipyard in Ulsan, South Korea, with plans to add 10 vessels in 10 years to enhance Africa’s transition to cleaner fuels. The new vessels, MT BARUMK and MT SAPET have increased NNPC and Sahara Group’s joint venture investment to over $300million,approaching the JV’s $1billion gas infrastructure commitment by 2026. The fleet previously comprised MT Sahara Gas and MT Africa…

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Why Queues Resurfaced In Abuja – NNPC

ADEOLA YUSUF

Oil major Says No Cause for Alarm Over Fuel Queues, Flaunts 2.5 billion liters stocks The Nigerian National Petroleum Corporation has allayed the fears of  Abuja residents over the resurgence of long queues in Abuja and its environs,  attributing the situation to low loadouts and increased purchases that characterise post-holiday periods. The NNPC spokesman, Garba Deen Muhammad, in a statement on Monday, said the company had sufficient fuel supplies to satisfy the demands of Abuja residents for over six weeks. READ ALSO U.S Inflation Hits 40 Year-High As Fuel, Food…

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Nigeria’s Domestic Gas Demand, Requirement Hit 4.482bn scuf daily – NMDPRA

ADEOLA YUSUF

2.324bn scuf/day for power, 1.125 bn scuf/day for gas-based industries; 1.034 bn scuf/daily for commercial sector, Nigerian Midstream and Downstream Petroleum Regulatory Authority releases annual domestic gas demand requirement   The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has released new Domestic Gas Demand Requirement (DGDR) putting the total demand requirement at 4.482 billion standard cubic feet daily. Platforms Africa reports that a statement by the Authority Chief Executive (ACE) in Abuja yesterday, explained that the requirements were jointly determined by all the relevant stakeholders. According to the requirement,…

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