Nigeria Lifts Gas Subsidy, Fuel Nearly Doubles Price

• Thursday, 12th May 2016
• by Egypt Oil & Gas

After weeks of speculations, Nigeria’s federal government  announced the removal of a controversial subsidy on gas, as a way of ending the incessant fuel scarcity. But the move is nearly doubling the price amid ...

NNPC Raises Fuel Supply to Abuja, Other States

• Wednesday, 13th April 2016
• by Egypt Oil & Gas

The fuel supply and distribution situation in Abuja, Nigeria, and environs is gradually improving following the increase in truck out of fuel, from 186 to 240 trucks. The Nigerian National Petroleum Corporation (NNPC)...

Nigeria Destroys 400 Illegal Mini-Refineries Despite Scarcity

• Monday, 11th April 2016
• by Egypt Oil & Gas

The Nigerian Security and Civil Defence Corps, NSCDC, informed it had recently destroyed more than 400 illegal mini-refineries operated by oil thieves. The measure was met with criticism as it is not believed to be th...

Nigeria to Increase Petrol Price, Considering Privatisation

• Wednesday, 6th April 2016
• by Egypt Oil & Gas

The Nigerian Federal Government disclosed that it would review the price of Premium Motor Spirit –PMS, also known as petrol– in May, to encourage local refining and discourage importation of petroleum products in the ...

Nigeria’s NNPC Secures Crude Import to End Fuel Scarcity

• Tuesday, 29th March 2016
• by Egypt Oil & Gas

Nigerian President Muhammadu Buhari has given approval for the Nigerian National Petroleum Corporation (NNPC) to import additional crude oil volume to guarantee supplies of Premium Motor Spirit (PMS) petrol with a goa...