Tag: modular refineries

Experts warn of fuel monopoly as states urged to revive modular refineries across Nigeria

Business Damilola Bayonle -
States urged to revive modular refineries amid monopoly fears Stakeholders in Nigeria’s energy sector have called on state governments to...

Petrol consumption falls to 56.9m litres daily as Dangote supply declines, NMDPRA reports

Business Damilola Bayonle -
Nigeria’s petrol consumption recorded a noticeable decline in February 2026 as supply patterns across the country’s downstream petroleum sector...

Nigeria’s modular refineries can supply 10% of diesel demand if crude access improves – CORAN

Business Damilola Bayonle -
Nigeria’s domestic refining landscape could receive a significant boost if modular refineries are adequately supplied with crude oil, according...

Crude shortage hits Nigerian refiners despite massive oil exports

Business Damilola Bayonle -
Nigeria’s long-running struggle to translate crude oil abundance into domestic energy security resurfaced sharply in 2025, as local refiners...

Fed Govt supports modular refineries to combat pipeline vandalism in Nigeria

Business Damilola Bayonle -
In a bold move to tackle the persistent menace of crude oil pipeline vandalism in Nigeria, the Federal Government...

Reps Launch Probe into $18bn Refineries’ Turnaround Maintenance

Business Damilola Bayonle -
The House of Representatives Committee on Petroleum Resources (Downstream) has initiated a comprehensive investigation into the $18 billion turnaround...

Nigeria Targets 25% OPEC Quota Increase by 2027

Business Damilola Bayonle -
Nigeria is positioning itself for a major leap in oil production as the Nigerian National Petroleum Company Limited (NNPC)...