Nigerian Navy Discovers Illegal Refineries, Recovers Oil Worth Billions in Rivers

Nigerian Navy Discovers Illegal Refineries, Recovers Oil Worth Billions in Rivers

By Zainab Uzomah| Abuja The Nigerian Navy under Operation Delta Sentinel has discovered large-scale illegal refining and crude oil storage sites in Rivers State, recovering petroleum products and crude oil valued at billions of naira. The Director of Naval Information, Navy Captain Abiodun Folorunsho, said Nigerian Navy Ship (NNS) Pathfinder led intelligence-driven operations targeting crude oil theft in parts of the state. He said naval personnel deployed anti-crude oil theft […]

April 17, 2026 8

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BUSINESS

Naira-for-crude: Three refineries plan PMS production, Dangote awaits NNPC supply

The Nigerian National Petroleum Company Limited may begin the supply of crude oil in naira to the Dangote Petroleum Refinery this week following the announcement by the Federal Government that the naira-for-crude deal has commenced. Also, following the promise by the government, three more refineries are getting set to start the production of Premium Motor Spirit, otherwise known as petrol, it was gathered on Sunday. The three refineries include the […]

October 7, 2024 152 2

NEWS

NNPC set to hand over Warri, Kaduna refineries to private operators

The Nigerian National Petroleum Company Limited says it is seeking to engage reputable and credible Operations and Maintenance companies to operate and maintain the Warri Refining and Petrochemical Company and the Kaduna Refining and Petrochemical Company.

August 30, 2024 34

NEWS

Dangote refinery ranked above 10 biggest European refineries

A financial data and media company, Bloomberg, has ranked the Dangote Refinery above the top 10 biggest refineries in Europe. According to data compiled by the business news platform, the refinery has more capacity than many European ones. The $20bn-worth refinery located in Lekki-Epe Expressway, Lagos State, can refine 650,000 barrels of petroleum products per day. The report sighted by our correspondent on Thursday stated that this is over 246,00bpd […]

April 26, 2024 76

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