Page 81 - Vitol News Today

Seeks govt approval to settle dues with India in rupees

Brent crude futures rose 35 cents, or 0.46%, to $76.34 a barrel

Oil prices continued to climb on Tuesday with investors expecting a tighter market led by a seasonal rise in gasoline...

LAGOS, (Reuters) - Nigeria commissioned Dangote Refinery on Monday amid hopes of transforming the country into a net exporter of petroleum products, but analysts said securing crude supplies could affect it achieving full production this year. The government of outgoing President Muhammadu Buhari sees the refinery as the answer to Nigeria's repeated fuel shortages, the latest…

Oil production company, Eni Ghana, and its partners, have trained more than 900 youth in entrepreneurship and small business management in 10 communities in the

Refinery is one of Nigeria's single largest investments Low crude production a threat to refinery supplies Refinery seen changing Atlantic basin gasoline market LAGOS, May 22 - Dangote refinery may import crude from traders like Trafigura and Vitol, Emmanuel said, at a time local refining was expected to save foreign exchange and keep prices lower. |

Nigeria's Dangote Petroleum Refinery will be commissioned on Monday amid hopes of an end to the country's recurring fuel shortages, but a lack of crude supply poses a major risk to it achieving full production.

Varo Energy, a Swiss provider of gasoline and diesel, is charting a path to lower carbon energy by relying on farm waste and used cooking oil.

All import and marketing of fuel in the country of nearly 170 million people is controlled by Bangladesh Petroleum Corp (BPC), which has asked the government to permit domestic commercial banks to settle dues with India in rupees.

Heavily reliant on energy imports, Bangladesh is grappling with power cuts resulting from a fuel shortage that have badly hurt its exports-oriented garments industry.