Monthly Archives: November 2015

Port Harcourt refinery begins operation once again

Port Harcourt refinery begins operation once again Subsequent to the completion of repair works on its crude distillation unit where one of its columns collapsed in October, the Port Harcourt Refining Company (PHRC) Limited, will this week come on stream, Daily Sun reports. The inability of the plant to refine its 210,000 barrels of crude oil…
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NNPC loses N241bn from January to October

A total of N240.98bn was lost by the Nigerian National Petroleum Corporation  (NNPC) between January and October this year, according to the latest figures from the firm’s oil and gas report for October 2015. According to The Punch, the NNPC made a total revenue of N1.71tn and group expenses of N1.95tn during the period under…
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NUPENG says Apapa gridlock to continue till fuel scarcity reduces

The Nigeria Union of Petroleum and Natural Gas Workers (NUPENG) has said that the traffic gridlock in the Apapa axis of Lagos will continue until the scarcity of petrol is resolved as petrol tankers across the country were loading at Apapa depots, Vanguard reports. Mr Tokunbo Korodo, the South-West Chairman of the union said that…
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Oando plans $350m gas processing plant

Bolaji Osunsanya, Managing Director of Oando Gas and Power has said that Oando plans to build a gas plant for up to $350 million as it focuses on integrating gas production with its supply business,Reuters reports. Osunsanya said the plant, with a capacity to process 300 million standard cubit feet a day (scfd), will take…
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