Dangote Refinery Expansion to Create 95,000 Jobs
Dangote Group plans to expand its refinery to 1.4 million barrels per day, creating 95,000 jobs and surpassing Jamnagar as world's largest refinery.
Category : Oil Gas
Don Urges Integration of Illegal Refineries for Jobs
A professor advocates incorporating illegal refineries into Nigeria's oil industry to enhance local production, create jobs, and reduce poverty, alongside Waltersmith's refinery expansion.
NNPC Boosts Output, Expands Gas Infrastructure
NNPC Limited increased crude oil output to 1.71 million bpd and expanded gas infrastructure, including the AKK pipeline and Assa North gas plant, boosting domestic supply.
Petrol Drops to N1,295 in Abuja as Marketers Compete
Petrol prices in Abuja fall to N1,295 per litre as fuel marketers slash rates to attract customers, offering relief to motorists amid high living costs.
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Top condom maker raises prices 30% due to Iran conflict
Karex Bhd, the world's largest condom producer, will increase prices by 20-30% due to supply chain disruptions from the Iran conflict, citing rising raw material and logistics costs.
Dangote Plans New Refinery in East Africa After Nigeria Success
Aliko Dangote is planning a large-scale refinery in East Africa, potentially in Tanzania or Kenya, to reduce fuel import dependence and mirror his Nigerian facility.
NIPCO Gas Wins Gas Infrastructure Leadership Award
NIPCO Gas Limited receives Gas Infrastructure Leadership Award from Energy Times for its pioneering investments in natural gas infrastructure and advancing Nigeria's energy transition.
Dangote Refinery Supplies 95% of Nigeria's Aviation Fuel
Airlines Operators of Nigeria says Dangote Refinery provides over 95% of Jet A1 fuel, but price surges of up to 300% due to market manipulation threaten operations.
Dangote Offers to Build East Africa Mega Refinery
East African nations plan a joint refinery in Tanga to process regional crude and cut imports. Aliko Dangote signals readiness to lead investment, aiming for completion in 4-5 years.
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Dangote Pledges 650,000bpd Refinery in East Africa
Aliko Dangote pledges to build a 650,000 barrels-per-day refinery in East Africa, urging regional support for industrial self-sufficiency and reduced import dependence.
Iran Gets First Hormuz Strait Tolls Revenue
Iran has collected initial revenue from tolls on ships passing through the Strait of Hormuz, marking a shift in the maritime standoff amid regional conflict.
Regulatory Clarity Vital for Nigeria's Gas Investment, Says NGA
Stakeholders at the Nigerian Gas Association's Legal Forum emphasize that regulatory clarity, disciplined implementation, and institutional alignment are essential to attract sustained investment in Nigeria's gas sector for a low-carbon future.
Delta Oil Communities Protest PIA Non-Implementation by Operators
Delta State host communities under OML 26 have expressed frustration over the failure of oil operators to implement the Petroleum Industry Act, citing short payments of N2.4 billion to development funds.
Refiners Warn of 483,000bpd Crude Shortage, Alleging Diversion
Local refiners under CORAN allege significant diversion of crude oil allocated for domestic processing, leaving plants underutilized and threatening Nigeria's energy security.
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Oil Prices Rise Despite US-Iran Ceasefire Extension
Oil prices increased on Wednesday as markets reacted to Middle East uncertainty despite a ceasefire extension. Brent crude neared $100 per barrel amid supply concerns.
NNPC Boosts Crude Supply to Dangote Refinery in April
NNPC Trading supplied over 1.03 million metric tonnes of crude to Dangote refinery in April 2026, with eight cargoes from major Nigerian streams, supporting operations.
Dangote Refinery Starts Petrochemical Production, Reveals Uses
Dangote Refinery partners with Honeywell to produce propylene and LAB, targeting 750,000 tonnes of propylene and 400,000 tonnes of LAB annually.
Firm Claims 96% Oil Output in Niger Delta, Denies Sabotage
Abili Integrated Services Limited asserts it maintains 96% oil production in its operational areas, refuting sabotage allegations and calling for transparency in pipeline security management.
Erha Field's 20-Year Legacy: A Model for Nigerian Energy Value
Marking two decades since first oil, Nigeria's Erha Field demonstrates how regulatory clarity, capital discipline, and Nigerian Content have generated over $23 billion in revenue, offering a playbook for sustainable deepwater development.
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Dangote Starts Crude Production, Reduces NNPC Dependence
Dangote Refinery has initiated crude oil production from Niger Delta assets, with initial output at 4,500 barrels per day. This move aims to reduce dependency on NNPC for feedstock supply.
Iran War: $50B Oil Loss in 50 Days, Market Disrupted
The Iran war has caused a $50 billion loss in global crude oil over 50 days, with 500 million barrels removed from the market. Analysts warn of prolonged impacts on aviation, refining, and energy supply.
Nigeria Imports 61.7M Barrels of U.S. Crude Despite Exports
Nigeria imported 61.7 million barrels of crude oil from the United States between January 2024 and January 2026, highlighting a growing dependence on foreign feedstock even as the country remains one of Africa's top crude exporters.
Oil Prices Surge as Iran Re-Closes Strait of Hormuz
Global oil prices rebounded sharply Monday after Iran re-closed the vital Strait of Hormuz, citing a U.S. blockade of its ports. The move reversed Friday's gains and heightened tensions despite ongoing ceasefire talks.
Petrol Price Hopes Fade Over Iran-US Tensions
Hopes for petrol prices dropping to N900 per litre in Nigeria have dimmed after Iran reclosed the Strait of Hormuz, disrupting global oil supply and fueling market uncertainty amid US-Iran tensions.
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Nigeria Oil Theft Crackdown: 586 Arrests, Dozens Convicted
Tantita Security Services reports intensified operations in the Niger Delta led to 586 arrests and 125 court cases against oil theft, signaling a shift from arrests to prosecutions.
Oranto Sells 75% Sao Tome Oil Stake to Brazil's Petrobras
Nigerian billionaire Arthur Eze's Oranto Petroleum has sold a 75% stake in Sao Tome's Block 3 to Brazil's state-owned Petrobras, marking a significant shift in West African oil exploration. The deal aligns with Petrobras' $1.3 billion international strate
Oil Drops 10%, Wall Street Rallies After Hormuz Reopening
Global markets surged as Iran reopened the Strait of Hormuz, easing oil supply fears. Oil prices fell over 10%, while U.S. stocks reached new records amid investor optimism.
Oil Drops 9% After Iran Opens Strait of Hormuz in Ceasefire
Oil prices fell sharply after Iran announced the Strait of Hormuz is open for commercial transit during the Lebanon ceasefire, with Brent crude dropping 9.5% and WTI sinking 9.6%.
Fuel Depot Owners Brace for Petrol Price Hike as Crude Nears $100
Nigerian fuel depot owners are preparing for imminent petrol price adjustments as global oil prices approach $100 per barrel due to Strait of Hormuz disruptions. Brent crude trading at $99.43 creates market anxiety.
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PETROAN Calls for Petrol Import Licences to Stabilise Prices
PETROAN calls on the Nigerian government to reinstate petrol import licences to boost competition, stabilise fuel prices, and ensure energy security, supported by World Bank warnings.
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