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Marketers Will Pay Naira for Dangote Fuel -IPMAN

Aliko Dangote Refined petroleum products from the $20bn Dangote Petroleum Refinery are to be sold in naira and not in the United States dollar as speculated in some quarters, oil marketers clarified on Monday. Dealers in the downstream oil sector also stated that the registration process for marketers at the refinery was still ongoing, as many operators had continued to register with the plant. It was further gathered that officials of the Nigerian Midstream and Downstream Petroleum Regulatory Authority were meeting with the management of the refinery to perfect the pricing template for products produced by the facility. On January 12, 2023, the Dangote Petroleum Refinery announced the commencement of production of Automotive Gas Oil, also known as diesel, and JetA1 or aviation fuel. The President, Dangote Group, Aliko Dangote, had in a statement issued by the firm, said, “We have started the production of diesel and aviation fuel, and the products will be in the market within this mon

NNPC begins rigorous oil exploration in Gongola

by pmnews   ·  

New Group Managing Director (GMD) of NNPC, Dr Maikanti Baru

The Nigerian National Petroleum Corporation (NNPC) has embarked on a more rigorous exploration for oil in the Gongola and other inland basin using the latest seismic data gathering technology .

A statement by NNPC’s Group General Manager,Group Public Affairs Division, Garba Deen Muhammad, made this known in Abuja on Saturday

The NNPC Group Managing Director, Dr Maikanti Baru, the statement said, made the disclosure when he paid separate visits to the governors of Bauchi and Gombe States.

Baru that the latest technology was similar to the ones used by neighbouring countries to discover oil in their countries.

He said the exploration was in strict compliance to President MuhammaduBuhari’s mandate.

NNPC, he said, had therefore commenced activities in the Gongola Basin by awarding the contract for seismic data acquisition of over 500KM2 3D seismic data in the first instance.

“NNPC is deploying state of the art technology in the present data acquisition and we are confident that these efforts will lead to a clearer definition of the prospectively of the basin.”

He said that the contractors awarded the contract for the seismic data acquisition in the Gongola Basin, was Integrated Data Service Limited (IDSL).

Baru said the contractor was a subsidiary of the NNPC and Bureau for Geophysical Prospecting, a subsidiary of Chinese National Petroleum Corporation (BGP/CNPC) were mobilizing to commence the project.

The GMD said that the seismic data acquisition activities and exploration well drillings would provide employment opportunities for the youths.

Baru said the multiplier effect of the envisaged employment would contribute to the economic empowerment of the surrounding communities and the nation at large.

He said that NNPC was in the process of awarding the Environmental Baseline Studies (EBS) and Environmental Impact Assessment (EIA) to Abubakar Tafawa Balewa University, Bauchi and Modibbo Adama University of Technology, Yola.

In their separate remarks, the governors of Bauchi an Gombe, Mohammad Abubakar and Ibrahim Dankwambo applauded the president for the pragmatic move to rigorously commence exploratory activities in the area.

They both stressed that the move would further grow the nation’s oil and gas reserves.

“I want to assure you of the unflinching support of Bauchi State and its good people towards this project.

“We are ready to provide offices and accommodation for all NNPC staff that will work on this project,” Abubakar said.

“Already, we have assigned two ministries that will work with your team on this laudable project.

“I will work with my colleague Governors in the North- East to galvanize support from our people towards this project,” Dankwambo said.

Dankwambo also called on the media to support this renewed oil search in the area.

Giving their royal endorsements, the Emirs of Bauchi and Gombe reassured the Federal Government of their readiness to support the project, mobilize their subjects against interrupting the smooth operation of the exploratory activities in their domains.

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