Category: News

Construction Work Begins at $450m Tomaro Industrial Park

Construction work has finally commenced on Tomaro Industrial Park, which was pronounced a Free Trade Zone (FTZ) by the Federal Government in line with its effort to industrialise the nation’s economy through building of industrial clusters across the country. During the site tour with journalists yesterday in Lagos, the Chairman/Chief Executive Officer, Integrated Oil and […]

Foreign Investors Eye $450m Tomaro Industrial Park

Foreign investors from China and Europe have indicated interest in the $450 million Tomaro Industrial Park, which would generate about 2,000 direct employment for Nigerians. Meanwhile foundation work for the project has commenced with the piling work for the platform that will hold the project’s storage tanks. Chairman of Eko Refinery and Petrochemical, the promoters […]

Integrated Oil & Gas Is Gold Sponsor For OTL

The OTL Africa Secretariat is honoured to announce that for the third consecutive year, Integrated Oil and Gas Limited has confirmed participation as a Gold Sponsor of the OTL Africa Downstream Week 2017. The company joins a list of elite operators in the biggest gathering of operators in downstream petroleum on the African continent. True […]

Modular Refineries and Quest for Local Refining Capacity

Since coming to power, the present administration has been working hard towards getting Nigeria to refine its crude for local consumption and possibly exportation. Beyond this economic calculation, the government is equally miffed by the country’s despicable and shameful status as a major crude producer and a net importer of refined petroleum products. Owing to […]

Grant Signing Ceremony Between USTDA and Eko Petrochem and Refining Company Limited/Official Presentation of Tomaro Industrial Park

1. From left: United States of America Ambassador to Nigeria, Mr. W. Stuart Symington; Acting Director, US Trade and Development Agency (USTDA), Mr. Thomas Hardy, Chairman, Integrated Oil and Gas Limited, Capt Emanuel Ihenacho, Managing Director, Integrated Oil and Gas, Mr. Tony Ihenacho and the Managing Director, Nigeria Export Processing Zones Authority (NEPZA), Hon. Emmanuel […]

FG Unveils Plan to Generate 10GW Electricity by 2020

In its bid to support the Federal government’s aspiration to increase power generation to 10 gigawatts (GW), the Nigerian National Petroleum Corporation (NNPC) has unveiled plans to expand gas generation and distribution nationwide. West Africa’s largest economy hardly generates 4,500 megawatts of electricity at peak periods and has expressed its aspiration to raise power generation […]

Price of kerosene in Nigeria rose by 87.12 % in January – NBS

The National Bureau of Statistics (NBS) said that Nigerians bought kerosene at N434 per litre in January from N231.85 they bought the product in December 2016. The bureau announced this in a “National Household Kerosene Price Watch (January 2017)’’ released on Wednesday in Abuja. The report stated that average price per litre paid by consumers […]

US To Inject $1billion Into Nigeria’s Power Sector

Yemisi Izuora The United States, US, has announced a $1billion (N500billion) investment in Nigeria’s power sector just a day after promising to lift the ban on sales of arms to the country. The investment is coming under the platform of Power Africa, an initiative by the US government to light up Africa, according to the […]