SEC Approves Dangote Refinery IPO to Raise N2.15tn
The Securities and Exchange Commission (SEC) has approved the proposed Initial Public Offering (IPO) of Dangote Petroleum Refinery and Petrochemicals FZE, paving the way for the company to…
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Refinery
Dangote Refinery Switches Petrol Sales from Naira to Dollar Pricing
Dangote Petroleum Refinery has officially ended the sale of Premium Motor Spirit (PMS), also known as petrol, in naira, adopting a dollar-based pricing system for its refined petroleum…
Dangote Refinery Slashes Diesel, Jet Fuel Prices Amid Decline in Global Crude Oil
Dangote Petroleum Refinery has reduced its gantry prices for Automotive Gas Oil (diesel) and Aviation Turbine Kerosene (jet fuel), marking another downward adjustment in fuel pricing.…
Russia battles refinery blaze after third Ukraine drone strike in 2 weeks
A Ukrainian drone strike triggered a “massive” fire at an oil refinery in Tuapse on Russia’s Black Sea coast, marking the third such attack on the facility in less than…
Navy Destroys Illegal Refinery in Rivers, Intercepts Suspected Stolen Petroleum…
The Nigerian Navy has intensified its operations against crude oil theft and illegal bunkering, destroying a reactivated illegal refinery site in Rivers State and intercepting…
Dangote Refinery Raises Petrol Ex-Depot Price to ₦875 Amid Global Oil Surge
Dangote Petroleum Refinery has increased the gantry price of Premium Motor Spirit (PMS) by ₦101, pushing the ex-depot rate from ₦774 to ₦875 per litre, a move that has heightened…
Debris Accident at Mina Al Ahmadi Refinery Injures 2 Workers in Kuwait
Two workers sustained minor injuries after debris fell at the Mina Al Ahmadi refinery early Monday, according to a joint statement by the Kuwait National Petroleum Company and the Kuwait…
Dangote Refinery–Marketers Price War Will Benefit Nigerians, Says NNPCL Boss
The ongoing price war among refiners and fuel marketers will ultimately benefit Nigerian consumers, the Group Chief Executive Officer of NNPC Limited, Bayo Ojulari, has said.
Ojulari made…
Dangote Refinery Begins Nationwide Petrol Sales at ₦739 Per Litre
Dangote Petroleum Refinery has commenced nationwide sales of Premium Motor Spirit (PMS) at a pump price of ₦739 per litre across all MRS Oil Nigeria Plc filling stations, marking a major…
Dangote Refinery Withdraws ₦100bn Suit Over Petroleum Import Licences
Dangote Petroleum Refinery has withdrawn its ₦100 billion lawsuit challenging the issuance of petroleum import licences by the Nigerian Midstream and Downstream Petroleum Regulatory…