UPDATE 2-Nigeria to cut sulphur in fuels a year after UN deadline [Reuters]
Adams Natural Resources Fund, Inc. (PEO)
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Source: Reuters
Nigeria to cut sulfur in fuels a year after U.N. deadline | Reuters 4 Min Read LONDON (Reuters) - Nigeria will begin cutting the sulfur levels allowed in imported fuels in July, a change long sought by health and environmental campaigners, a year after an initial deadline, an official at state oil company NNPC said. West African nations had promised higher quality by July 2017 as part of a United Nations Environmental Programme (UNEP)campaign, but only Ghana met the deadline. Nigeria imports roughly 900,000 tonnes of gasoline every month, accounting for 60 percent of West African imports of the fuel, meaning its choices on fuel quality are likely to impact the entire region. Nigeria will lower the top level of sulfur in diesel to 50 parts per million (ppm), from 3,000 ppm, by July 1, Anibor O. Kragha, NNPC’s chief operating officer of refineries and petrochemicals said in a presentation to the African Refiners Association (ARA). Gasoline sulfur level cuts, a cost that will be borne la
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PEO
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- 4/10/24 - Form SC
- 3/20/24 - Form 40-17G
- 3/13/24 - Form N-CEN
- PEO's page on the SEC website