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The Independent Petroleum Marketers Association of Nigeria (IPMAN) has called on the Federal Government to support private refineries as a solution to the persistent high cost of petrol. Speaking with reporters, the chairman of IPMAN, Port Harcourt Unit, Tekena Ikpaki, urged the government to go beyond turnaround maintenance of old refineries, describing the construction of
The Movement for the Survival of the Ogoni People (MOSOP) has criticised the three percent allocation to host communities as provided in the Petroleum Industry Act (PIA), describing it as inadequate. Addressing journalists, MOSOP President, Andah Wai-Ogosu, said the three percent earmarked for host communities is grossly insufficient, particularly for communities in the Niger Delta
Energy analysts have cautioned that continued tensions between the United States and Iran could drive up global crude oil prices, with ripple effects on Nigeria’s domestic fuel market. Market volatility has already been observed as investors react to uncertainty in oil supply routes. Although Nigeria is an oil-producing nation, its fuel pricing remains sensitive to
More than three decades after seventeen Ogoni communities in Tai Local Government Area were sacked during the military era, residents say they are still battling hardship, neglect, and the absence of basic social amenities. Speaking on behalf of the women in Lekuma community, Baridi Deekor recalled the pain and devastation caused by the 1994 military
Dangote Petroleum Refinery and Petrochemicals FZE has reduced the gantry price of Premium Motor Spirit (PMS) by N25 per litre, according to a notice issued to marketers by its Group Commercial Operations Department. The reduction, which takes immediate effect, brings the ex-depot price down from N799 to N774 per litre. The development is expected to
Residents of Alesa community in Eleme Local Government Area on Thursday staged a peaceful protest at the Port Harcourt Refinery, demanding inclusion in discussions surrounding the proposed sale of the facility to a Chinese company. The protesters blocked the refinery entrance and called for the convening of a town hall meeting involving community leaders and
The Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has sealed eleven petrol filling stations across Port Harcourt and Obio Akpor Local Government Areas for engaging in sharp practices, including under-dispensing, faulty pumps, and other regulatory infractions. The South-South Regional Coordinator of the NMDPRA, Victor Owodiasa, said the enforcement exercise forms part of the Authority’s
Dangote Petroleum Refinery has unveiled plans to expand its processing capacity from 650,000 barrels per day (bpd) to 1.4 million bpd over the next three years. The announcement was made by the Managing Director of Dangote Refinery Plc, David Bird, during a press briefing at the refinery complex in Lagos. Bird explained that the expansion
Landlords of oil and gas facilities in Gokana, Eleme, Tai, and Khana in Ogoniland have vowed to resist the resumption of oil production in their communities until their demands are fully addressed. The President of the group, Ben Harry, made the disclosure following a meeting with the Ogoni Dialogue Committee. He insisted that all backlogs
The Petroleum Products Retail Outlet Owners Association of Nigeria (PETROAN) has expressed confidence that the crude oil production projection contained in the 2026 federal budget is achievable. The association’s Public Relations Officer, Dr. Joseph Obele, stated this in a statement where he described the production target of 1.8 million barrels per day as strategic and
