Showing posts with label Investments.. Show all posts
Showing posts with label Investments.. Show all posts
The Port Harcourt Refining Company Limited will start refining crude oil and will contribute to petroleum products’ availability by the end of this month, the Nigerian National Petroleum Corporation has said.
The corporation also gave an assurance that on or before the end of this week, the scarcity of Premium Motor Spirit, otherwise known as petrol, would cease across the country.
The Group Managing Director, NNPC, Dr. Joseph Dawha, said these in Abuja on Thursday after inspecting some filling stations in the city.
He said, “Presently, the refineries are undergoing rehabilitation and we are undertaking what we call a new strategy to carry out the turnaround maintenance on them. Basically, what this means is that we are carrying out phased implementation of the rehabilitation of the refineries.


After May 29, President Goodluck Jonathan will leave the Aso Villa. See the President’s Otuoke, Bayelsa State-country home where he is expected to retire to …..

See another Picture below ….
NIGERIA is in talks with Russia’s state-owned Rosatom to build nuclear power plants in the country.

“We have an intergovernmental agreement with NIGERIA, but no concrete decisions have been made,” a Rosatom spokesman said.

One nuclear power plant COSTSbetween $5 billion to $8 billion, a source at the company said.
Africa’s richest man and President, Dangote Group, Alhaji Aliko Dangote, has said his oil refinery will process 650,000 barrels of crude oil per day.
The completion of the plant, expected to come on stream in 2017, will see Nigeria having one of the largest petroleum refineries in the world.