Daily Archives: July 3, 2018

Seven modular refineries boost Nigeria’s self-sufficiency drive

  Seven licensed refineries with the ability to process 181,000 barrels of crude oil per day (bpd) have progressed towards completion stage in their attempt to contribute to Nigeria’s self-sufficiency in petroleum refining. For example, the 5,000 bpd Waltersmith Refining & Petrochemical Company Limited’s modular plant, which is capable of producing naphtha, kerosene, diesel, and […]

‘$200m Content Fund for probe’

  The Federal Government has said it will commence forensic audit of oil companies’ contributions to the Nigerian Content Development Fund (NCDF) in which $200 million had been committed.   The Executive Secretary, Nigerian Content Development and Monitoring Board (NCDMB), custodian of the fund,  Simbi Wabote, stated this at the 17th strategic Nigeria Oil and […]