By Energy WorthThe Ambassador of Norway to Nigeria, Jens-Petter Kjemprud, has expressed the readiness of his country to deepen its ties in Nigeria, especially in the oil and gas sector. Speaking at a stakeholder’s meeting to promote investment opportunities and incentives for Nigerian investors in Norway on Thursday, the diplomat advised the Federal Government to…
By Nick Cunningham Saudi Arabia and Russia could formalize a strategic partnership that would last indefinitely, potentially marking a new era for the oil market. In a wide-ranging interview with TASS, Saudi oil minister Khalid al-Falih said that he hopes to setup an official OPEC+ governing body, including a Secretariat, likely to be based in…
The Federal Government has commenced moves to deploy underutilised power assets to deliver incremental power to industrial centres and needy communities in the country by generating additional 4.2 gigawatts of power to the national grid in the next 12-18months. A statement by the Strategy and Communications Adviser to the Minister of Industry, Trade and Investment,…
By Oke Peter The Organised Private Sector (OPS) under the auspices of Lagos Chamber of Commerce and Industry (LCCI) said Dangote Oil Refining and Petrochemicals will transform the downstream oil sector of the petroleum industry. Beyond that, the group said the economic benefits of the oil refinery, when completed would have far reaching positive effects…
