Tag: Dangote Refinery

NNPCL, ?angote slashes petrol price

Aminu Imam
NNPCL, ?angote slashes

…?angote commends Tinubu’s naira-for-crude swap deal Days after the Dangote Refinery slashed its own price to ?899.50, the Nigerian National Petroleum Company Limited (NNPCL) has also reduced price of petrol to to ?899 per litre. The  Petroleum Products Retail Outlets Owners Association of Nigeria’s National Public Relations Officer, Dr. Joseph Obele, who confirmed the development in an statement yesterday, said: “The NNPCL has taken a significant step in response to the competitive impact of deregulation in the downstream sector. “The company recently reduced the ex-depot price of Premium Motor Spirit…

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?angote slashes petrol price to ?899/litre 

Aminu Imam
?angote slashes petrol price

…Fuel marketers panic, cancel orders from abroad ?angote Petroleum Refinery has reduced the ex-depot price of its premium motor spirit (PMS), also known as petrol, to ?899.50 per litre, causing fear and anxiety among petroleum marketers. The Group Chief Branding and Communications Officer, Anthony Chiejina, who announced the development in a statement on Thursday, said, “?angote Petroleum Refinery has reduced the price of its Premium Motor Spirit (PMS) product to below ?900 per litre, in order to provide much-needed relief for Nigerians ahead of the holiday season. “Africa’s first privately-owned…

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$1bn investment: ?angote Refinery refutes NNPCL’s liquidity crisis claim

Aminu Imam
?angote Refinery refutes

The ?angote Group has refuted the recent claim by the Nigerian National Petroleum Company Limited (NNPCL) that its $1 billion investment aided the ?angote Refinery pull through its liquidity challenges. Chief Branding and Communications officer of the ?angote Group, Anthony Chiejina, made this clarification in an issued statement to newsmen yesterday. NNPCL’s Chief Corporate Communications Officer, Olufemi Soneye, had stated that the company secured a $1 billion loan, backed by crude oil, to support the ?angote Refinery during liquidity challenges. Soneye, who addressed energy relations stakeholder engagement in Abuja on…

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Yuletide: Fuel scarcity averted, as PETROAN partners with ?angote Refinery

Aminu Imam
PETROAN partners ?angote

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) has finalised a partnership with the ?angote Petroleum Refinery to ensure a steady supply of petroleum products during the Yuletide season.  PETROAN’s National Public Relations Officer, Dr. Joseph Obele, who confirmed the arrangement in an issued statement on Friday, said the collaboration aims to prevent fuel scarcity and ensure affordability across the country. The agreement follows extensive negotiations with the $20 billion Lekki-based ?angote Refinery and guarantees product availability for PETROAN members nationwide. Obele said, “The National President of PETROAN,…

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?angote Refinery slashes petrol price by 2% to ?970 per litre

Aminu Imam
?angote Refinery slashes

The ?angote Petroleum Refinery has announced a reduction in the price of Premium Motor Spirit (PMS) from ?990 per litre to ?970 per litre for marketers. The announcement was made in a statement issued by the Group Chief Branding and Communications Officer, Anthony Chiejina, read in part: “As the year comes to an end, this is our way of appreciating the good people of Nigeria for their unwavering support in making the refinery a dream come true. In addition, this is to thank the government for their support, as this…

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NNPCL, ?angote Refinery sign 10-yr gas supply deal to boost domestic production

Aminu Imam
NNPCL signs sale deal with ?angote

The Nigerian National Petroleum Company Gas Marketing Limited (NGML), a subsidiary of the Nigerian National Petroleum Company (NNPC) Limited, has executed a Gas Sale and Purchase Agreement (GSPA) with ?angote Petroleum Refinery and Petrochemicals FZE. According to an issued statement on Wednesday by the NNPCL Chief Corporate Communications Officer,  Olufemi Soneye, the agreement, signed by the NGML Managing Director, Justin Ezeala and the President/CEO of the ?angote Group, Aliko ?angote outlines the supply of natural gas for power generation and feedstock at the ?angote Refinery, in Ibeju-Lekki, Lagos State. The…

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?angote Fuel: “We don’t need your N50 petrol price slash” – Nigerians knock IPMAN 

Aminu Imam
Nigerians knock IPMAN

Nigerians have voiced their discontent over the recent N50 petrol price slash announced by the Independent Petroleum Marketers Association of Nigeria (IPMAN), calling it insignificant and unlikely to ease their burdens. Recall that IPMAN, through its National President Abubakar Maigandi, announced on Tuesday that ?angote Refinery had agreed to supply petrol to IPMAN members at N940 per litre for depots and N990 per litre for trucks. As a result, IPMAN members, who previously sold petrol between N1,150 and N1,200 per litre, would adjust their prices down by N50, depending on…

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“NNPCL now proud part-owner of ?angote Refinery” – Mele Kyari 

Aminu Imam

The Nigerian National Petroleum Company limited, (NNPCL), has disclosed that it’s a proud part-owner of the ?angote Refinery. This was disclosed by NNPCL’s Group Chief Executive Officer, Mele Kyari at a conference hosted by the Nigerian Association of Petroleum Explorationists in Lagos, on Monday. Recall that following the commencement of the refinery, Aliko ?angote had accused NNPCL and some cabals in the oil sector of trying to sabotage its operations. However, Kyari dismissed the claims that NNPCL was undermining the operations of the ?angote refinery, saying: “The point is very…

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IPMAN, ?angote reach agreement for direct lifting of petrol, diesel

Aminu Imam
IPMAN boss, Abubakar Garima3

The Independent Petroleum Marketers Association of Nigeria, (IPMAN), has secured an agreement with ?angote Refinery to lift products directly. IPMAN’s National President, Abubakar Garima, announced this in Abuja yesterday, after a meeting of the National Working Committee of the association. He said the partnership will ensure steady, and affordable supply of PMS products nationwide. According to Girima, after meeting with Aliko ?angote and his management team in Lagos, “we’re pleased to announce that ?angote Refinery has agreed to supply IPMAN with PMS, AGO, and DPK directly for distribution to our…

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Oil Marketers plan to import petrol below ?angote’s N1,028/litre price

Aminu Imam
Oil marketers ?angote Refinery

Oil marketers, on Friday, revealed that the price of Premium Motor Spirit, (PMS), popularly called petrol, produced by the ?angote Petroleum Refinery was between N1,015 and N1,028/litre depending on the quantity being purchased. Based on this, the dealers vowed to import the commodity and sell it below the ?angote Refinery price, as well as the price being sold by the Nigerian National Petroleum Company Limited, (NNPCL). Data released by the Major Energies Marketers Association of Nigeria on Thursday showed that the landing cost of petrol was N978.01/litre as of October…

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