The Group Managing Director, GMD, of the Nigerian National Petroleum Corporation, NNPC, Dr. Maikanti Baru has assured that Nigeria will achieve the refining of about 400, 500 barrels of crude Continue reading "Nigeria to refine 400,500 barrels of crude oil locally in 2019 Baru"
2015-8-28 · Buhari approves 65 licences for private refineries. because in a falling oil price regime, the more you refine, the more value you add and the more revenue you earn from your crude
AOP > Explore > Niger to refine crude exports in Nigeria. Niger to refine crude exports in Nigeria. Image: Nigeria Presidency twitter Nigerian President Muhammadu Buhari said: “Nigeria sees this cooperation on crude oil export from the Republic of Niger and the construction of the refinery facilities in Katsina State as a win-win
2018-6-19 · The Independent Petroleum Marketers Association of Nigeria (IPMAN) on Monday said that the Dangote Refinery, Petrochemical and Fertilizer projects would solve the country’s crude oil refining
2015-6-3 · The inauguration of Nigeria’s new president, Muhammadu Buhari, sets the stage for an unprecedented alliance of public- and private-sector actors to perform something close to a miracle: reverse the ravages of the so-called oil curse.
We can even pay him the refining cost with some crude oil. While conserving Forex that would have been used for importation of refined products, and if we do refine surplus, we can earn extra Forex from that too. best price?! Re: ‘Dangote Refinery’ll Not Sell Petrol At Regulated Price’- The Nation by Parada:
2015-10-26 · ‘Why FG should scrap Kaduna refinery’ Why shd we import crude oil to refine in Kaduna such that the final product becomes more expensive than if the final product is itself imported
Just think of it, the crude oil being produced Nigeria today (which was sold as high as $146 in the recent past), at what price was crude oil when the exploration was done? The exploration was undertaken in the 80s and early 90s (oil exploration and production is a long gestation investment) when crude oil was at its lowest around $9 $14.
As such payments are extra-budgetary and an infraction by the executive branch, President Buhari could in theory be impeached because of them but that is unlikely. The official price of 145 naira for a litre of petrol is not realistic, having been set when the crude oil price