Boosting Local Refining and Strengthening Energy Security The Federal Government of Nigeria has officially banned the export of crude oil allocated for domestic refineries. This move aims to enhance the country’s refining capacity, minimize reliance on imported petroleum products, and reduce pressure on foreign exchange reserves. Previously, about 500,000 barrels per day meant for local […]
President Bola Tinubu has instructed the Nigerian National Petroleum Company (NNPC) Limited to expedite the restoration of the Warri and Kaduna refineries, alongside the second Port Harcourt refinery. Progress on Refinery Rehabilitation This directive follows the successful rehabilitation of the first Port Harcourt refinery, which resumed petroleum product loading operations on November 26, 2024. The […]
