Tag: Petroleum
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NUPRC announces Nigeria Mini Bid Round 2022
The Nigeria, the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has announced the Mini Bid Round 2022. TheNewsGuru.com, (TNG) reports this was contained in a statement issued and signed by the commission’s Chief Executive Officer, CEO Engr. Gbenga Komolafe, stating that: “The Mini Bid Round is an opportunity to spur new exploration and drilling activities…
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Nigerian troops recover N2billion worth of stolen petroleum products in 14days
Troops of operation DAKATAR DA BARAWO have recovered over two billion naira from stolen petroleum products in Southern Nigeria within two weeks. The Director of Defence Media Operations, Major General Musa Danmadami disclosed this during the Bi-weekly briefing in Abuja, Nigeria’s capital saying that the briefing covered the period from 20th October to 3rd…
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TUC urges FG to save people from fuel exploitation
Protect the people from Shylock businessmen
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See some safety rules to obey while handling petroleum products
Mrs Roseline Wilkie, the Zonal Controller of Department of Petroleum Resources (DPR) in Imo, on Friday advised petrol station managers to observe environmental safety rules in their premises. Wilkie gave the advice in Owerri on Friday when she visited some petrol stations to create awareness and monitor compliance to DPR rules and regulations on sale…
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Petroleum Industry Intervention on COVID-19 earmarks 53% of funding to construction of medical infrastructure
Of the N21billion ($58million) pledged in kind as medical intervention by the Nigeria Oil and Gas Industry to combat COVID-19 and improve on healthcare delivery in the country, 53 percent of the sum pledged has been earmarked for the construction of medical infrastructure across the six geopolitical zones in the country. Ground-breaking ceremonies for the…
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Petroleum Pricing Agency speaks on increasing fuel pump price
The Petroleum Products Pricing Regulatory Agency on Tuesday cautioned oil marketers against distorting the approved pump price of Premium Motor Spirit, popularly known as petrol. According to the agency, which is in charge of fixing the price of white petroleum products – petrol and kerosene, the approved cost of PMS at retail filling stations has…
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800bn subsidy debt: FG, petroleum marketers finally agree on settlement of unpaid claims
The Federal Government says it has agreed with petroleum marketers on the settlement of outstanding claims and assured that operations at all depots and sales will continue until further notice. This is contained in a statement by Paul Abechi, Special Assistant on Media and Communications to the Minister of Finance, Mrs Zainab Ahmed, on Thursday…
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N650bn unpaid subsidy arrears affecting our operations – Marketers
Depot and Petroleum Products Marketers Association (DAPPMA) on Sunday said the unpaid subsidy arrears of over N650 billion by the Federal Government posed huge financial challenges to the downstream operations. DAPPMA Executive Secretary, Mr Olufemi Adewole, told the News Agency of Nigeria in Lagos that the settlement of the debts owed them would save their…