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The Nigerian National Petroleum Company Limited (NNPC Limited) on Tuesday engaged with the oil marketers and security agencies to find ways of addressing the lingering fuel crisis in the country. ....
Marketers of petroleum products in Nigeria have reeled out their expectations for the downstream sector in 2021. Top on their expectations include the total deregulation of the downstream sector, the passage of the Petroleum Industry Bill (PIB) and the completion of the Dangote Refinery. The Chairman of Major Oil Marketers Association of Nigeria (MOMAN) and Managing Director of 11Plc, Mr. Adetunji Oyebanjo, told THISDAY that operators equally hope to recover from the losses they incurred last year as a result of the coronavirus pandemic and its attendant collapse of oil price and the oil and gas industry in general. Controversies have continued to trail the federal government’s claim that it has deregulated the downstream sector of the nation’s petroleum industry as marketers have maintained their position that the market has not yet been deregulated. ....