Refinery

Nigeria’s reliance on foreign sources for petroleum products remains high, with the nation importing ₦9.18 trillion worth of petrol (Premium Motor Spirit) between January and September 2024, according to the…

Serbia anticipates reaching a swift agreement with Hungary on the construction of a new oil pipeline linked to the Druzhba system, Serbian Deputy Prime Minister Aleksandar Vulin announced in a…

Brent crude oil prices opened lower today, reaching the initial target of $72.06. Analysts suggest that a breach of this level could pave the way for further declines, with additional…

The U.S. Energy Information Administration (EIA) has released its weekly petroleum data, showing an increase in crude oil refinery inputs and a notable decrease in commercial crude oil inventories for…

Six years after the shutdown of state-owned Petrotrin, former employees, led by the Oilfield Workers’ Trade Union (OWTU), gathered outside the refinery on November 30 for a candlelight vigil, march,…

The Dangote Refinery, a $20 billion petrochemical giant in Nigeria, has successfully positioned itself as a critical player in the global energy market, exporting jet fuel to international destinations, including…

In a rare critique of Iran’s economic ties with China, a senior Iranian trade official has expressed concern over the nation’s overwhelming reliance on Beijing for its oil exports, warning…

Long before the discovery of its vast offshore oil reserves in 2015, Guyana had established itself as a global advocate for decarbonization through its Low Carbon Development Strategy (LCDS) 2030.…

After years of inactivity, the Port Harcourt Refinery has officially resumed the production and distribution of essential petroleum products, including Premium Motor Spirit (PMS), Automotive Gas Oil (AGO), and Household…

Nigeria’s petroleum marketers have indicated that the price of Premium Motor Spirit (PMS), commonly known as petrol, could fall to between N900 and N1000 per litre by the upcoming Yuletide…