Oil & Gas and Power Sector related news
NERC says it reduced fiscal burden on the government from 528 billion to N155 billion in 2022
As of October, NNPCL delivered N4.5 trillion to the federation account – Mele Kyari
New parts installed at old Port Harcourt refinery can ensure at least 78% efficiency – President, PETROAN
NNPCL says 1.785 mbpd in 2024 is achievable for Nigeria
By 2025, Nigeria should have over N11 trillion fuel subsidy savings – World Bank
“Nigeria is top African crude oil producer for November 2023” – OPEC
World Bank suggests fuel prices should be N750/ltr based on exchange rate
COP28 delegates reach a consensus in Dubai to move away from fossil fuels by 2050
Nigeria’s revenue target under threat, Brent Crude falls $6 below FG benchmark for 2024
“As of 2022, 70.5% of our electricity is from gas, 27.3% from hydro, 2.2% from solar and others” – Adebayo Adelabu
Wale Edun says 40% of Nigerians lacking electricity access is not acceptable to President Tinubu