Dangote Refinery still on course for 2020 start, say Renaissance analyst

With most of its needed equipment on ground, an analyst at Renaissance Capital, Temilade Adurogba, has declared that Dangote Refinery is still on course to start operations in 2020 despite some crucial challenges it faces, including inadequate foreign exchange.     Aduroja, a sub-Saharan Africa analyst at the research firm said that the progress shown […]

NCDMB lauds Dangote Refinery over compliance to local content act

Nigerian Content Development and Monitoring Board (NCDMB) has lauded the Dangote Refinery project over its compliance to the local content act, while expressing the board’s intention to further partner with Dangote Refinery for effective implementation of the act in the country’s oil and gas industry. Akintunde Adelana, director, monitoring and evaluation, NCDMB, who represented the […]

Local content fund bumps indigenous vessel ownership by 38%

The Nigerian Content Intervention Fund (NCIF) created in a bid to increase local content is responsible for the 38 percent increase in indigenous vessels ownership since its launch in 2017, Simbi Wabote, executive secretary of National Content Development Monitoring Board (NCDMB) has said. He said that “prior to the enactment of the Nigerian oil and […]

Petrochemicals to account for 33% of oil demand growth by 2030, says IEA

The International Energy Agency has said that petrochemicals will account for more than 33 percent of oil demand growth globally in the period to 2030. This means that petrochemicals not fuels (petrol, diesel, and other fuels) would drive oil demand in the coming years. The projection is contained in a newly released report titled “The […]