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Antonyms that are in the dictionary are marked in green. Antonyms that are not in the dictionary are marked in red.
According to Etulan, as much as the country’s refineries are dysfunctional, the supply side will be affected as the country would rely mostly on imports.
Source: https://businessday.ng/energy/oilandgas/article/diesel-rises-184-defies-global-oil-price-swings/
According to the Major Oil Marketers Association of Nigeria (MOMAN), the petrol price can't come down to as low as N200 per litre even if the refineries are working.
A European ban on imports of diesel fuel and other products made from crude oil in Russian refineries takes effect Feb. 5. The goal is to stop feeding Russia's war chest, but it's not so simple.
Source: https://ktar.com/story/5428293/will-europes-ban-on-russian-diesel-hike-global-fuel-prices/
And we think that's still compelling and driving profitability for refineries.
A tainted story cannot undermine the fact that Sahara Energy is in over 27 countries, with 16 in Africa, and has an integrated value chain where they have crude assets, refineries and storage and distribution expertise.
At full operation, the pipeline normally pumps about 622,000 barrels, or more than 26 million gallons of oil per day from Alberta, Canada, to refineries in Texas, Illinois and Oklahoma, according to the company.
Source: https://abcnews.go.com/US/cause-found-keystone-pipelines-massive-oil-leak/story?id=97011583
At the same time, refineries conduct springtime maintenance and begin making summer gasoline, which is more expensive to produce."
Source: https://news.wgcu.org/section/business/2023-02-20/floridas-trend-of-declining-gas-prices-continues
Besides a potential bump during the Fourth of July holiday, Redman says he doesn't expect any major jumps, barring a major storm or hurricane shutting down refineries, of course.
Source: https://kpel965.com/despite-cost-you-feel-at-the-pump-gas-prices-trending-lower-in-louisiana/
“Beyond arresting crude oil thieves and shutting down illegal refineries, the NNPCL under his leadership, has expanded the frontiers for crude oil production.”
Source: https://theeagleonline.com.ng/expert-lauds-kyaris-reforms-to-revitalise-nnpcl/
Currently, the refineries near the airport produce jet fuel from crude oil and pipe it to the airport.
Source: https://www.sltrib.com/renewable-energy/2023/03/11/delta-embraces-sustainable/
Despite the existence of potential issues, the EPA and delegated authorities took limited formal enforcement-related actions at refineries under the benzene fenceline monitoring regulations."
For example by putting pressure on the government to revamp the three national refineries (in Kaduna, Warri and Port-Harcourt) which can play a significant role in easing the pressure on our forex reserve thus strengthening our currency.
Source: https://newsdiaryonline.com/lets-try-a-nigeria-without-fuel-subsidy-regime-civac/
Hence, the sense in it is to sell crude in local currency to modular refineries and ensure the product goes into the market.
Source: https://leadership.ng/crude-should-be-sold-to-modular-refineries-in-naira-oyarekhua/
He said: “Key issues are crude supply obligation for completed refineries.
Source: https://thenationonlineng.net/sylva-seeks-cbns-special-fund-for-modular-refineries/
He said that many refineries, including Indian Oil’s Paradip unit are capable of using the heavy Venezuelan oil.
Source: https://www.orissapost.com/india-will-buy-oil-from-venezuela-says-hardeep-singh-puri/
He stressed that backing these refineries would lead to more affordable fuel for Nigerians by eradicating several associated costs.
However, the CGT union called for a walkout at all refineries on Thursday as part of the nationwide strike.
If the pipeline were shut down, gas prices would likely increase, refineries would shut down, workers would be laid off, and the upper Midwest could see years of propane shortages, according to reports Enbridge submitted in court.
In 2023, we expect alumina shipments to range between 12.7 million and 12.9 million metric tons due to lower refinery production, driven by the partial curtailment of the San Ciprián refinery and lower bauxite quality at the Australian refineries.
India, with its 23 refineries, is fast establishing itself as a preferred supplier to European countries, particularly France, Turkey, Belgium and the Netherlands.
Source: https://www.mutiny.in/while-europe-buys-russian-crude-oil-refined-in-india/