By Irina Slav A senior United States government official has told Indian media that private local refiners had stopped importing crude oil from Venezuela, noting the cooperation of Indian companies in this respect. “My understanding is that Indian private companies, who were importing Venezuelan oil, have stopped,” the official, whose name was not disclosed, said…
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, disclosed on Thursday, in Port Harcourt, Rivers State, during the kick-off of the rehabilitation of the Port Harcourt refinery that: “It is my hope that sometimes in 2020, we will collectively sit here and celebrate 90 percent capacity utilisation in Port…
The Nigerian Content Development and Monitoring Board (NCDMB) and the Nigeria LNG Limited will on Friday (today) sign the Nigerian content plan for the NLNG’s Train 7 project, estimated to cost $1bn. The Executive Secretary, NCDMB, Mr. Simbi Wabote, and the Managing Director, NLNG, Mr. Tony Attah, met at the board’s headquarters in Yenagoa, Bayelsa…
Supply cuts by the Organisation of Petroleum Exporting Countries (OPEC) and United States’ sanctions against Iran and Venezuela will push the oil market into undersupply and boost the cost of crude in coming months, Morgan Stanley forecasts. The investment bank previously said oil prices were more likely to fall after Brent crude topped $65 a…
