Archives Tag: Premium Motor Spirit
How to Survive the Coming Petrol Subsidy Removal
April 19, 2022
Barring any unforeseen changes to its plan, Nigeria’s Federal Government is set to eliminate its long-standing Petrol subsidy (Premium Motor Spirit). This will result in a substantial rise in the price of the product. Analysts expect a ripple effect to ensue across the economy, causing a sharp increase in the cost of most goods … Continue reading How to Survive the Coming Petrol Subsidy Removal
Sino-Arab Energy in partnership to build $7.5 billion refinery in Cross River
April 19, 2022
Agreements have been concluded between China-based Sino-Arab Energy and Nigeria’s Osabo Refining and Petrochemical Industry Limited, to build a refinery in Akpabuyo, in Cross River State. The refinery will cost $7.5 billion and will have production capacity for 107,000 barrel of crude oil per day. The refinery is expected to grow government’s objective to refine … Continue reading Sino-Arab Energy in partnership to build $7.5 billion refinery in Cross River
By david
SON and DPR to use Mobile Fuel-Testing Laboratory to Foster Quality at the Pump
April 19, 2022
The Standard Organization of Nigeria (SON) and the Department of Petroleum Resources (DPR) are partnering to have a mobile fuel-testing laboratory to ensure quality at the pump – nationwide. This comes as reports of adulteration of petroleum products are growing in the country and after DPR recently sealed scores of filling stations. Automated Gas Oil … Continue reading SON and DPR to use Mobile Fuel-Testing Laboratory to Foster Quality at the Pump
By david
