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Tag Archives: crude oil

‘NNPC now pays N20/25 subsidy per litre’

Maikanti-Baru-1

Under-recovery on petrol or the losses the Nigerian National Petroleum Corporation (NNPC) incurs to keep the pump price of petrol at N145 per litre, has dropped from about N80 per litre to between 20 and N25 per litre, the Group Managing Director of the corporation Dr. Maikanti Baru said yesterday. …

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Dangote refinery’ll boost Nigerian crude oil sale – Edwin

oil refinery

The Group Executive Director, Dangote Industries Limited, Devakumar Edwin, has said the oil refinery being built by the company will provide a ready market for the nation’s crude oil. Edwin was quoted in a statement as saying that the construction of the 650,000 barrels per day refinery would help Nigeria …

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