Daily Archives: February 1, 2018

DPR dismisses existence of 2,000 illegal filling stations

  Mr Abba Misau, Abuja Zonal Controller of the Department of Petroleum Resources (DPR) on Monday challenged the claim that there were over 2,000 illegal filling stations operating across the country, Daily Trust reports.   The Independent Petroleum Marketers Association of Nigeria (IPMAN) had on Jan. 14, advocated immediate demolition of over 2,000 identified illegal […]

IPMAN to commence construction of $3bn refineries soon

  The Independent Petroleum Marketers Association of Nigeria (IPMAN) is set to commence work on its proposed $3 billion (N1.08 trillion) refineries in two states in the federation, Vanguard reports.   The National President of the association, Mr Chinedu Okoronkwo, made the disclosure in an interview in Lagos on Wednesday. IPMAN had in July 2014, […]

OPEC January oil output rises, led by Nigeria

  Crude oil production from the Organisation of Petroleum Exporting Countries rose in January from an eight-month low as higher output from Nigeria and Saudi Arabia offset a further decline in Venezuela and strong compliance with a supply reduction pact.   A Reuters survey found on Tuesday that OPEC had pumped 32.4 million barrels per […]