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Tag: downstream oil sector

  • NNPC reduces petrol importation by 45%

    NNPC reduces petrol importation by 45%

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    by

    Femi Ajasa
    in

    The Nigerian National Petroleum Corporation has reduced its importation of Premium Motor Spirit, popularly known as petrol, from about 95 per cent to 50 per cent, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has said. According to Kachikwu, the reduction has paved the way for massive investments in the downstream oil sector,…