The company made this known in reaction to a claim by the marketers that the refinery’s prices are higher than other suppliers, making it difficult for independent marketers to buy from it.
Dangote Refinery in the Federal Republic of Nigeria, has denied receiving any payments for the purchase of refined petroleum products from the Independent Petroleum Marketers Association of Nigeria (IPMAN)
AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce that the Nigerian Upstream Petroleum Regulatory Commission (“NUPRC”) has given clearance for the amalgamation of Africa Oil Papa Corp., a wholly owned subsidiary of Africa Oil, and BTG Pactual Holding S.à r.l. (“Amalgamation”) in exchange for the issuance of Common Shares in the Company to BTG Pactual Oil & Gas S.à r.l., to effect the consolidation of 100% ownership of Prime Oil & Gas Coöperatief U.A. (“Prime”) in Africa Oil.
Government could buy petroleum products from Nigeria’s Dangote Oil Refinery once the facility is operating at full capacity, cutting more expensive exports from Europe, the head of the country’s oil regulator said on Monday.
Nigerian energy leader Aisha Achimugu, CEO of Oceangate Oil and Gas Engineering, says she has entered an agreement with Global Petroleum Group (GPG) to develop oil and gas resources in offshore blocks near Grenada–according to a story recently released on the web site www.billionaires/africa.
The Pan-Niger Delta Forum (PANDEF) gathered for a significant meeting at Hotel Presidential in Port Harcourt.
Some people forget just how far and wide the Permian Basin’s reputation goes when it comes to all things oil and gas.
Oando Plc has pledged its commitment to the aspiration by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) to raise crude oil production by an additional 1 million barrels per day.
President Tinubu has launched an initiative targeting to boost Nigeria’s crude output by 1m bpd over the next year
The value of Nigeria’s offshore oil and gas production market will grow from the $34.18 billion in 2023 to $47.03 billion by 2031, a new market research has found.