Chennai Petroleum Corporation Ltd. is in talks with banks to raise a 280 billion rupee ($3.3 billion) loan to help build a ...

Chairman of Dangote Refinery and Petrochemicals Company Limited, Aliko Dangote, has said that Nigeria's in-country petroleum products refining would help save the continent a whopping $17 billion ...

Shell ( SHEL) and Exxon Mobil ( XOM) have also warned of lower profitability amid a slide in oil product trading and oil ...

We have done it in cement, and we can certainly do it for petroleum products. “It is worth noting that the Dangote Refinery already produces sufficient diesel and jet fuel to meet Nigeria’s ...

BP shares down in premarket after disclosing updated Q3 guidance, with oil production stable but weaker refining margins.

BP said a drop in refining margins would reduce its third-quarter profit by $400 million to $600 million from the previous ...

Given that the Petroleum Industry Act (PIA) took nearly two decades (13 years) to materialize and the Dangote Refinery took about seven years to build, why did the IOCs not anticipate that ...

BP expects lower profits in Q3 due to weak refining margins, a weak oil trading result, and higher exploration write-offs.

A former National Vice Chairman, North-West of the All Progressives Congress, APC, Dr Salihu Lukman has described petroleum pricing since the commencement of production of Dangote Refinery and the ...

The Federal Government has commended the beginning of petroleum product lifting from the Dangote Petroleum Refinery and Petrochemicals, describing it as a significant step towards national ...