BY BLAISE UDUNZE The past recurring conflicts on other continents and the current developments in the Middle East are a clear reminder to the world that energy markets are deeply linked to conflict and uncertainty, as experienced across the globe today. The rise in geopolitical tensions with Iran, Israel, and the United States has led…
Africa is increasingly becoming a destination for cheap, often toxic petroleum products — many of which are blended to substandard levels that would not be permitted in Europe or North America. This concern was raised by the President/Chief Executive, Dangote Industries Limited, Aliko Dangote, during the ongoing West African Refined Fuel Conference held in Abuja.…
Dangote Petroleum Refinery has invested over N720 billion to implement its landmark initiative of deploying 4,000 Compressed Natural Gas (CNG)-powered trucks for the nationwide distribution of petroleum products, which is expected to save Nigerians over N1.7 trillion annually. This bold step will see the privately-owned refinery absorb over N1.07 trillion annually in fuel distribution costs.…
Following the drop in the price of crude oil in the global market, the Federal Government has announced a reduction in the price of Premium Motor Spirit, PMS, commonly called petrol in Nigeria. The product has been sold for N97 since 2012 when President Goodluck Jonathan announced the removal of subsidy from petrol. The announcement…
Following the drop in the price of crude oil in the global market, the Federal Government has announced a reduction in the price of Premium Motor Spirit, PMS, commonly called petrol in Nigeria. The product has been sold for N97 since 2012 when President Goodluck Jonathan announced the removal of subsidy from petrol. The announcement…