Waltersmith Refining News Today

Market response to fluctuating oil prices and supply chain disruptions.Wilmington, Delaware, United States, Jan. 09, 2024 (GLOBE NEWSWIRE) -- Transparency Market Research Inc. - The global modular refinery market is estimated to flourish at a CAGR of 6.7% from 2023 to 2031. Transparency Market Research projects that the overall sales revenue for modular refinery is estimated to reach US$ 5.4 billion by the end of 2031. A critical factor lies in the realm of geopolitical shifts and regional polic

The direction of current economic downturn bedeviling Nigeria is general expected to be known this New Year 2024. The year may determine the growth

Nigeria’s continued dependence on importation of petroleum products remains a concern despite awarding over 57 refinery licences in the last 18 years and an additional five recently. To many, the country appears to be comfortable with the practice despite the effect it has on the economy.

The minister of State for Petroleum Resources (Oil), Heineken Lokpobiri has pledged his full support for the expansion plans of Waltersmith Refinery.

The minister of State for Petroleum Resources (Oil), Senator Heineken Lokpobiri, has said the shortest way to addressing Nigeria’s energy problems is

Nigeria started the business of oil refining with a simple hydro-skimming plant of 38,000 barrels per day (bpd) refinery built by Shell-BP, at Eleme, near Port Harcourt, in Rivers State in 1965. The plant was then wholly owned and operated by Shell-BP.

The Executive Secretary is getting the award for the outstanding strides he accomplished, particularly in human and infrastructural development since he was appointed as the helmsman of NCDMB in September 2016 and got reappointed in 2020.

PIB: Senate limits fuel imports to Dangote, other refiners The Punch Published 12 July 2021 If the new provision on fuel imports inserted by the Senate in the Petroleum Industry Bill is adopted by the House of Representatives and the President, only active refinery licence holders will be allowed to import petroleum products into the country when the bill becomes a law. Companies holding refining licences in the country include Dangote Oil Refinery Company, Waltersmith Refining ...

PIB: Dangote refinery, others to buy crude in naira The Punch Published 5 July 2021 Holders of refining licences in the country can pay for domestic crude oil supply in naira, according to the Petroleum Industry Bill passed by the National Assembly on Thursday. Companies holding refining licences include Dangote Oil Refinery Company, Waltersmith Refining & Petrochemical Company Limited, OPAC Refineries, Niger Delta Petroleum Resources, BUA Refinery & Petrochemicals and Edo Refin...

The regulatory body added that 28 licences were active while 29 were inactive. Refineries with active licence to Establish are BUA Refinery & Petrochemicals, Ogini Refinery Limited, Excel Exploration & Production, Lowrie Refinery Limited, NPDC/ND WESTERN OML 34 JV, Ogini Refinery, Eghudu Refinery and Kingdom Global Trading Petroleum & Gas Nig. The 20 refineries with active Approval to Construct/Relocate include Dangote Oil Refinery Company, OPAC Refineries, Waltersmith Refining & Petrochemical ...