Crude oil production: Nigeria has become a laughing stock – Petroleum Minister
The newly-sworn-in Minister of State for Petroleum Resources, Timipre Sylva has said that FG should reduce the production cost of ...
Tag: crude oil
NNPC under-remits N77.92 billion deducted from earnings
NNPC under-remitted N297 billion deducted from earnings from the Domestic Crude Allocation as costs and losses.
Modular refineries in Imo, Bayelsa get NCDMB’s equity investment
Modular refineries in Imo, Bayelsa get NCDMB’s equity investment
NNPC to maintain crude oil production cut amidst bearish market trend
The Nigerian National Petroleum Corporation (NNPC) will maintain its crude oil production cut despite the recent bearish trend in the global ...
U.S. phasing out Nigeria’s oil, increases grip on Nigeria’s stronghold
Nigeria’s position in global oil sales is being threatened by the United States oil surge and expansion.
34 firms get NNPC’s crude-oil-for refined fuel swap contract
The Nigerian National Petroleum Corporation (NNPC), has contracted about 34 companies to carry out its crude oil for refined fuel ...
CBN report shows Nigeria’s oil revenue declined by N62 billion in May
The latest economic report released by the has revealed that Nigeria's oil revenue declined by N62.2 billion in May 2019. ...
Shell recorded a $260.57 million loss due to vandalism
The Royal Dutch Shell has decried the incessant increase in pipeline vandalism and crude oil theft at its facilities in Nigeria.
What the Ghanaian President thinks about Dangote Refinery
Ghanaian Government has expressed its optimism towards the Dangote Refinery. The West African country is certain when the refinery begins operation, ...
ICE to launch Nigerian crude oil derivatives next week
Brent crude contracts were developed in 1988.
