Tag: Crude

Nigeria faces a potential blow to its crude oil revenue as Indonesia, a key importer, announced plans to reduce purchases from foreign suppliers while boosting imports of U.S. crude oil ...

The Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN) applauded the decision by the Federal Executive Council to maintain the Naira-for-Crude trade policy, noting that it may unlock new ...

The Federal Executive Council has ordered the full and sustained implementation of the Naira-for-Crude policy, aimed at encouraging local refiners to transact in naira rather than foreign currency. The Ministry ...

Dangote Refinery has announced a temporary suspension of petroleum products to the domestic market in Naira, following the failure of the Federal Government to renew the crude-for-Naira deal, the company ...

The Dangote Refinery and Petrochemical Company has reportedly turned to international crude suppliers as it continues to scale up production at its massive facility. This comes as fresh negotiations are ...