In a decisive move to enhance local refining capacity and reduce reliance on imported petroleum products, the Federal Government has banned the export of crude oil designated for domestic refineries. Henzodaily understands that this measure is also aimed at easing pressure on foreign exchange reserves. For years, an estimated 500,000 barrels per day (bpd) of … Read more
The Nigeria Security and Civil Defence Corps (NSCDC) has apprehended eight individuals involved in illicit activities related to petroleum products and the destruction of public infrastructure within Rivers State. Henzodaily reports that the NSCDC Commandant for Rivers State, Joachim Okafor, disclosed this development during a press briefing held in his office in Port Harcourt on … Read more
The 6 Division troops, in collaboration with various security agencies, have intensified their operational efforts, leading to the dismantling of 32 artisanal refineries in the Niger Delta region. A publication by Daily Post on Sunday quoted a statement released on the verified WhatsApp of the Nigerian Army indicating that these operations took place from January … Read more
The 6 Division of the Nigerian Army, in partnership with various security agencies, has maintained its vigorous efforts in combating oil theft within the Niger Delta Region. From December 16 to December 22, 2024, these operations resulted in the dismantling of 37 illegal refining sites, the apprehension of 10 individuals suspected of oil theft, and … Read more
The House of Representatives has instructed the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to furnish comprehensive information regarding all oil production, crude sales, and other operations within the country’s upstream petroleum sector. Henzodaily reports that the directive was issued during a joint session of the House Committee on Finance and the Committee on National Planning, … Read more