Total Nigeria Plc, the company that distributes and markets refined petroleum products and fuels has overcome the subsidy gloom by posting a profit after tax of N1.96 billion in the first six months of the year.
The company’s profit before tax increased by 8 percent to N3.68 billion in June 2015 as against N3.42 billion as at June 2014.
Read more @ Businessday Online
Showing posts with label Fuels. Show all posts
Showing posts with label Fuels. Show all posts
Thursday, 17 September 2015
Tuesday, 18 August 2015
SHALLOW WATERS STIFLE CRUDE LIFTING TO WARRI REFINERY
The shallowness of the water channel leading into the Warri port in Delta State is set to slow down President Muhammadu Buhari’s effort to limit the expenditure of scarce foreign exchange on refining petroleum products abroad and enhancing the speed to market of motor fuels.
While Buhari’s initiative to accomplish both objectives has been gaining traction on the drawing board, the waterway leading to the Warri refinery, where crude is to be delivered for processing, is said to have silted up and will require to be dredged before laden barges can navigate through.
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