The NNPC Ltd has signed a Memorandum of Understanding (MoU) with two Chinese companies, Sanjiang Chemical Company Limited and Xingcheng (Fuzhou) Industrial Park Operation and Management Co. Ltd, for collaboration through a potential Technical Equity Partnership (TEP) in support of the completion and operation of the Port Harcourt and Warri Refineries.
A summary of the monthly allocation shows that 61.9 million barrels of crude oil were allocated to domestic refineries during the quarter, while producers collectively offered a higher volume of 68.7 million barrels.
Now in its third edition, the ENERGY TIMES Award is designed to recognise and celebrate individuals and organisations whose work continues to transform the energy sector and improve lives across the country.
A summary of the monthly allocation shows that 61.9 million barrels of crude oil were allocated to domestic refineries during the quarter, while producers collectively offered a higher volume of 68.7 million barrels.
The Commission Chief Executive of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), MrsOritsemeyewaEyesan, has reaffirmed the NUPRC’s commitment to enabling a business-friendly environment and advancing the Federal Government’s gas agenda.
Documents reviewed by this newspaper show that the proposed sale, involving Continental Oil and Gas Limited and a later entrant, Conpurex Limited, was formally terminated in October 2024 following missed payment obligations, unresolved breaches, and attempts to alter agreed terms in ways that would have reassigned core risks to the seller.
Despite this clear ownership structure on paper, multiple claims and transaction pathways have emerged over time, creating uncertainty about legitimate rights and interests in the asset. What initially began as a debt recovery process linked to Pan Ocean’s financial obligations has gradually evolved into a broader dispute over transactional interpretations and ownership expectations.
Africa’s Global Bank, United Bank for Africa (UBA) Plc demonstrated its commitment to fostering peace and stability across Africa with a landmark donation of...
