By Irina Slav Beijing has declined a request by U.S. envoys to stop importing crude oil from Iran, Bloomberg reports, citing unnamed sources in the know. While this is a major setback in President Trump’s quest of cutting Iranian oil exports to zero by November 4, Beijing, according to the sources, agreed to not increase…
By Energy Worth The Transmission Company of Nigeria (TCN) has recovered 693 power equipment containers that were stranded at seaports across the country. According to the firm, the recovery was achieved last week, as it revealed that some of the containers had been stranded at various ports for about 15 years. The Managing Director, TCN,…
Benin Electricity Distribution Company (BEDC) says it has added a total of 1,694 distribution transformers to ensure power supply improvement in Edo State since the new management took over in 2013. The company which disclosed this in a Customer Information Update on Edo State, also added that power availability has also improved from two hours…
Energy Worth with Agency Report The Federal Ministry of Water Resources, said on Tuesday that negotiations were on to fully concession the 30MW Gurara Power Plant in Kaduna State. The News Agency of Nigeria (NAN) reports that the project is expected to enhance power supply in the northwest part of the country. Mr Benson Ajisegiri,…
By Energy Worth The off grid renewable energy space which most experts describe as the future of the Nigerian power sector have been said to enjoy an investment capacity of up to $200 million in the last few years. This was disclosed in Lagos by the Head of Power and Infrastructure, Corporate and Investment Banking,…
The National Agency for Science and Engineering infrastructure (NASENI) said it was targeting to generate 7.5 MW solar power annually to serve as alternative energy in the country. Its Executive Vice Chairman, Prof. Mohammed Haruna said this while declaring open the agency’s 2018 Solar Installation and Maintenance Training programme in Abuja. Haruna, who was represented…
By Energy Worth Protesting youths from the Ondo Southern Senatorial district, on Wednesday, carried out their threat to block the ever busy Benin-Ore /Lagos road, in the Odigbo Local Government Area of the state, protesting over the ten years power outage and neglect of the area by the successive government. The protesters who trooped out…
By Energy Worth Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr Maikanti Baru, has urged the Revenue Mobilisation Allocation and Fiscal Commission (RMAFC), as an independent arbiter, to ensure recovery of revenues borne by the corporation on behalf of the Federal Government. Baru, who spoke on Wednesday, during a courtesy visit by…
By Nick Cunningham Mexico’s President-elect Andres Manuel Lopez Obrador, or AMLO, has promised to invest around 175 billion pesos ($9.4 billion) into the state-owned energy companies. One of the goals is to reverse the decade and a half of declining oil production. “Fourteen years ago, oil production was 3.4 million barrels a day. Now it’s…
Crude oil production from the Organisation of Petroleum Exporting Countries (OPEC) increased last month as Saudi Arabia pumped near-record volumes to make good on a pledge to consumers that demand would be met. The kingdom’s oil production grew by 230,000 barrels a day in July to 10.65 million barrels per day. This is just shy…
