NNPC

Nigeria Construction Industry Report 2023: Output to Expand by 2.8% in Real-Terms in 2024 Before Recording an AAGR of 3.1% for 2025-2027 - ResearchAndMarkets.com

Retrieved on: 
Monday, January 29, 2024
Construction & Property, Other Construction & Property, Forecasting, Health, Construction, Electricity, Sector, Commercial, African Development Bank, Risk, NNPC, NNPC Limited, Investment, Assessment, Education, Growth, Oil

Construction industry in Nigeria to expand by 2.8% in real terms in 2024, before recording an average annual growth of 3.1% from 2025 to 2027.

Key Points: 
  • Construction industry in Nigeria to expand by 2.8% in real terms in 2024, before recording an average annual growth of 3.1% from 2025 to 2027.
  • In November 2024, the Nigerian President Bola Tinubu unveiled the country's NGN27.5 trillion ($55.1 billion) Budget for 2024; this marks a 10.8% growth compared to the 2023 Budget of NGN24.8 trillion ($49.7 billion).
  • Forecast-period growth in the industry will also be supported by investments in the oil and gas, electricity, transport, industrial, health, and education infrastructure projects.
  • Historical (2018-2022) and forecast (2023-2027) valuations of the construction industry in Nigeria, featuring details of key growth drivers.

Nigeria's Dangote Refinery Opens, to Process Crude from State Oil Firm, an Industrial Info News Alert

Retrieved on: 
Wednesday, November 8, 2023
Oil, Gas, Energy, FPSO, PADD, Theft, Gasoline, News, NNPC, Conference, Dangote Refinery, Districts of Zambia, Research, Light, Sulfur, NPPC, Niger Delta, Petroleum Administration for Defense Districts, IIR, Reuters, USD, NNPC Limited, Aliko Dangote, GMI, EIA, UN

Because the nation's three existing refineries have been largely shut in since 2020 (totaling 445,000 BBL/d of nameplate refining capacity), Nigeria since has had to rely on imports for 90% to 95% of its refined products. And all that oil--mostly categorized as light, sweet crude--needs to be exported, instead of being refined at home.

Key Points: 
  • Nigeria's state oil company, NNPC Limited, is expected to supply Dangote with up to six cargoes of crude oil this month for test runs, according to industry insiders who spoke with Reuters.
  • Industrial Info also is tracking 22 projects, worth US$13.73 billion, that are tied to the Dangote Refinery.
  • Industrial Info will continue to monitor the situation, including the Dangote crude unit's commissioning and utilization rates.
  • In related news, Industrial Info learned at the London conference that NNPC is creating a new crude blend, which it calls "Nembe Crude."

Nigeria Petroleum Industry Report 2023: Dangote Refinery Set to Transform Nigeria's Fuel Import Dependency - ResearchAndMarkets.com

Retrieved on: 
Monday, July 17, 2023
Oil, Gas, Energy, Shell, Petroleum industry, Maintenance, ENI, Aliko Dangote, Government, LNG, GDP, Natural gas, China National Petroleum Corporation, NNPC Limited, NNPC, TotalEnergies, Petroleum

The "The Petroleum Industry in Nigeria 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • The "The Petroleum Industry in Nigeria 2023" report has been added to ResearchAndMarkets.com's offering.
  • This report on the petroleum industry in Nigeria includes information on the state and size of the upstream, downstream and gas subsectors, infrastructure, economic contribution, reserves, production, consumption, wholesale, retail and distribution.
  • The Dangote refinery, the continent's largest refinery, was commissioned in May 2023, and is expected to help reduce the country's reliance on fuel imports once it comes fully online.
  • The Petroleum Industry Act, enacted in 2021, is expected to help deregulate the downstream sector and encourage more investment in oil production.

Nigeria Petroleum Industry Report 2023: State of the Market, Local and International Influences, Competitive Landscape, Outlook

Retrieved on: 
Friday, July 14, 2023
Shell, Petroleum industry, Maintenance, ENI, Aliko Dangote, Government, LNG, GDP, Natural gas, China National Petroleum Corporation, NNPC Limited, NNPC, TotalEnergies, Petroleum, Oil

DUBLIN, July 13, 2023 /PRNewswire/ -- The "The Petroleum Industry in Nigeria 2023" report has been added to ResearchAndMarkets.com's offering.

Key Points: 
  • DUBLIN, July 13, 2023 /PRNewswire/ -- The "The Petroleum Industry in Nigeria 2023" report has been added to ResearchAndMarkets.com's offering.
  • This report on the petroleum industry in Nigeria includes information on the state and size of the upstream, downstream and gas subsectors, infrastructure, economic contribution, reserves, production, consumption, wholesale, retail and distribution.
  • Oil production increased in the first quarter of 2023, but production is lower than the average in 2021.
  • The Petroleum Industry Act, enacted in 2021, is expected to help deregulate the downstream sector and encourage more investment in oil production.

Energy Policy, Economic Development on Agenda as Dotmount Communications Hosts AIDCA Summit

Retrieved on: 
Sunday, July 9, 2023
Federal Inland Revenue Service, Executive, Mineral, South African Industrial Federation, Face, African Development Bank, Carbon, International financial institutions, Dangote Group, ECOWAS, Climate change, IPCC, UN, Olu, China National Petroleum Corporation, NNPC Limited, Sustainable development, Conference, NNPC, Egypt Economic Development Conference, Film industry, Renewable energy, Agriculture

Abuja, Nigeria--(Newsfile Corp. - July 9, 2023) - According to the organizers, Dotmount Communications, Nigeria will for the second time host the African Industrial and Development Conference and Awards, AIDCA 2023.

Key Points: 
  • Abuja, Nigeria--(Newsfile Corp. - July 9, 2023) - According to the organizers, Dotmount Communications, Nigeria will for the second time host the African Industrial and Development Conference and Awards, AIDCA 2023.
  • This year's conference will be held under the theme: “Energy and Sustainable Development in Africa”.
  • With the right technologies and supportive financing mechanisms, Africa holds the world's potential to change the renewable energy narrative for the entire world.
  • This summit presents an opportunity to further the conversations and network around the shared values of progress, development, and advancement for our continent.

Nigeria's Dangote Readies to Open Africa's Largest Refinery, an Industrial Info News Alert

Retrieved on: 
Thursday, May 11, 2023
Oil, Gas, Energy, IIR, Gasoline, GMI, Kuwait National Petroleum Company, Research, Rehabilitation, CDU, USD, Mineral, Financial Post, Post, Running, Metal, Mele Kyari, News, NNPC, Lekki

The Lekki Refinery will increase Nigeria's refining capacity to 3.24 million barrels per day (BBL/d).

Key Points: 
  • The Lekki Refinery will increase Nigeria's refining capacity to 3.24 million barrels per day (BBL/d).
  • Currently, the largest is a 430,000-BBL/d CDU at the Yanbu Refinery in Saudi Arabia, which was commissioned in 2015.
  • Industrial Info Resources (IIR) is the leading provider of industrial market intelligence.
  • Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries.

DGAP-News: African Energy Week: Afreximbank President Benedict Oramah will Receive African Energy Person of the Year Award

Retrieved on: 
Wednesday, July 6, 2022
APPO, Research, Climate change, Johnson & Johnson, COVID-19, African Petroleum Producers' Organization, COP26, African Energy Commission, Economics, 2016 United Nations Climate Change Conference, United Nations Climate Change conference, Investment, Limited, Health, News, Human, DGAP, Time, NNPC, Leadership, Vaccine, Conference, Security (finance), Renewable energy, Pharmaceutical industry, African, African Export–Import Bank

JOHANNESBURG, South Africa, July 5, 2022/APO Group/ -African Export-Import Bank (Afreximbank) President Benedict Okey Oramah will receive the African Energy Chambers inaugural African Energy Person of the Year during African Energy Week ( www.AECWeek.com ) 2022 in Cape Town in October.

Key Points: 
  • JOHANNESBURG, South Africa, July 5, 2022/APO Group/ -African Export-Import Bank (Afreximbank) President Benedict Okey Oramah will receive the African Energy Chambers inaugural African Energy Person of the Year during African Energy Week ( www.AECWeek.com ) 2022 in Cape Town in October.
  • Dr Oramah, an outstanding advocate for the continent and for a just African energy transition, is a natural choice for this award.
  • Oramah, who holds a doctorate degree in agricultural economics, has been president and chairman of the board of directors of Afreximbank since 2015.
  • The African Energy Chamber is proud to recognize Dr. Oramah, a champion for Africa and a role model for Africans.

Global Expandable Liner Hanger System Market (2021 to 2026) - Growth, Trends, COVID-19 Impact and Forecasts - ResearchAndMarkets.com

Retrieved on: 
Tuesday, November 2, 2021
Oil, Gas, Energy, Caspian, Nigerian National Petroleum Corporation, Air pollution, Caspian Sea, Gulf of Mexico, CNPC, ELHS, Government, China National Petroleum Corporation, NNPC, Investment, Coal, Growth, CNOOC, Natural gas, Oil, Renewable energy

Therefore, based on the above-mentioned factors, offshore sector is expected to witness significant demand in expandable liner hanger systems during the forecast period.

Key Points: 
  • Therefore, based on the above-mentioned factors, offshore sector is expected to witness significant demand in expandable liner hanger systems during the forecast period.
  • The Asia-Pacific region is expected to witness the fastest growth during the forecast period, with China being the largest market for expandable liner hanger system.
  • This will mean a significant boost to businesses for expandable liner hanger systems, in the coming years.
  • Furthermore, in India, large new field developments in deepwater are expected to be the key drivers for growth of liner hanger system market.