Tag: Port Harcourt refinery.

Nigeian Refineries idle for 12 months,accrue N142bn expenses

The nation’s refineries did not refine a barrel of crude oil in the 12 months to June this year but incurred a combined operating expense of N142.07bn, the latest data…

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NNPC Signs $1.5bn oil-for-loan prepayment deal with traders

The Nigerian National Petroleum Corporation has signed a $1.5bn prepayment deal led by Standard Chartered and backed by two oil traders, Vitol Group and Matrix Energy, Reuters reported on Tuesday.…

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