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Tag: Downstream

NNPC to deploy 70 self-service filling stations nationwide

NNPC to deploy 70 self-service filling stations nationwide

Africa, Business, Capital Market, Corporate Stories, Economy, Energy, Exclusive, Finance, Industry, Interviews, Logistics, News, Power, Travel, What's Hot, World
The Nigerian National Petroleum Company Limited has announced plans to deploy between 50 and 70 smart, self-service filling stations across the country within the next six months. The company said the initiative was part of a broader plan to transform its conventional retail outlets into modern energy and mobility hubs, offering petrol, electric vehicle charging, liquefied petroleum gas, compressed natural gas and other services. The Executive Vice President, Downstream, NNPC Limited, Mumuni Dagazau, disclosed this on Thursday in Abuja while speaking at the commissioning of a technology-driven service station with an electric vehicle charging facility. The mega station is located along Bill Clinton Drive, Airport Road. Dagazau said the newly commissioned station was the first of s...
Downstream, Electricity Regulators Team Up To Boost Gas, Power Supply

Downstream, Electricity Regulators Team Up To Boost Gas, Power Supply

Business, Economy, Growth & Insight, News
In a move to tackle Nigeria’s nagging power outages and gas shortages, the Nigerian Midstream and Downstream Petroleum Regulatory Authority (NMDPRA) has held talks with the Nigerian Electricity Regulatory Commission (NERC) in Abuja. In a post on its official X handle, NERC, said the visit was aimed at strengthening institutional collaboration between the two regulators in recognition of their strategic roles in Nigeria’s energy landscape. NMDPRA chief executive, Saidu Aliyu Mohammed, led his management team on a courtesy visit to NERC, aiming to deepen institutional synergy between the gas and electricity sectors. This collaboration recognises their pivotal roles in Nigeria’s energy landscape, where unreliable supply continues to stifle economic growth, leaving households and indu...
Retailers Warn Against Dangote Refinery’s Downstream Monopoly, Say Job Losses Loom

Retailers Warn Against Dangote Refinery’s Downstream Monopoly, Say Job Losses Loom

Oil & Gas
Petroleum products retail outlet owners have raised concerns over the potential monopolistic threat posed by Dangote Refinery’s forward integration strategy in Nigeria’s downstream petroleum sector. Speaking under the aegis of the Petroleum Products Retail Outlets Owners Association of Nigeria (PETROAN), the outlet owners warned that the refinery’s dominance could lead to widespread job losses and undermine competition, calling on regulators to put in place robust control mechanisms to check the company’s market power. Dangote Refinery, with its impressive production capacity of 650,000 barrels per day, is one of the largest in sub-Saharan Africa. While the refinery is expected to meet Nigeria’s domestic fuel demand and export surplus products, PETROAN insisted that its role should b...

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