Daily Archives: March 22, 2019

NNPC Begins Rehabilitation Of Port Harcourt Refinery

The Nigerian National Petroleum Corporation on Thursday announced the formal commencement of the first phase of the rehabilitation of the 210,000 barrels per day capacity Port Harcourt refinery.   Port Harcourt refinery complex also houses the 60,000 barrels per day old refinery that was built in 1965 and the 150,000 barrels per day new refinery, […]

New Refineries to Overrun Inefficient Plants By 2024

An increase in the number of new refining capacity, expected to extend till the end of 2024, signifies major competition ahead for the oil industry, with possible shutdowns, the International Energy Agency (IEA), said in its Oil 2019 Report.   The IEA noted specifically that such a capacity expansion will require shutdowns to balance, estimating […]

Nigeria to deploy technology in oil pipelines monitoring

The Managing Director, Nigerian Pipelines Storage company (NPSC), Luke Anele, has said the agency is deploying new technologies to monitor activities in oil pipelines across the country. Mr Anele made the disclosure in an interview with the News Agency of Nigeria (NAN), in Abuja on Wednesday. NPSC is a subsidiary of Nigerian National Petroleum Corporation […]