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BPE Oblivious of Agip/Oando Planned Concession of P’Harcourt Refinery

BPE Oblivious of Agip/Oando Planned Concession of P’Harcourt Refinery

The Bureau of Public Enterprises (BPE) is ignorant of the proposed rehabilitation and operation under a concession arrangement of the 210,000 barrels per day (bpd) Port Harcourt Refinery by oil firms – Nigeria Agip Oil Company (NAOC) and Oando Plc, THISDAY yesterday learnt from top sources in the privatization agency. It learnt in Abuja that… READ MORE

Oando unfriendly to workers – NUPENG condemns MoU with FG

Oando unfriendly to workers – NUPENG condemns MoU with FG

Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has opposed the recent Memorandum of Understanding, MOU, entered into by the Federal Government and Oando Plc to manage Port Harcourt Refinery under repair, operate and maintain, ROM arrangement, saying the company is unfriendly to workers. In a statement yesterday, General Secretary, Joseph Ogbebor, described the… READ MORE

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

YENAGOA, Nigeria May 17 (Reuters) – Nigeria’s refineries processed 10 million barrels of crude oil in the first quarter, more than they did for the whole of 2015, after talks with militants reduced attacks on facilities, the head of the Nigerian National Petroleum Corporation (NNPC) said. OPEC member Nigeria has a refining capacity of 445,000… READ MORE

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to OPEC’s latest Monthly Oil Market Report for May released on Thursday, Nigeria’s output was put… READ MORE