Nigerian govt begins crude oil sales in Naira
The sale in Naira takes effect from 1 October, the Federal Ministry of Finance said.
Tag: Crude Oil
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NNPCL postpones Port Harcourt refinery kick-off sixth time
It was observed that promises made to Nigerians by the Federal Ministry of Petroleum Resources and NNPC about the refinery have continued to witness multiple failures.
FG should reveal those stealing crude with vessels –Elumelu
“How can we be losing over 95 per cent of oil production to thieves? Look at the Bonny Terminal which should be receiving over 200,000 barrels of crude oil daily, instead, it receives less than 3,000 barrels, leading the operator Shell to declare force majeure.
Dangote dispute goes public
Aliko Dangote has even gone public with some of his complaints about the situation.
Reps vow to demand sack of NNPCL CEO, Kyari over Dangote Refinery
We have been seeing many demarketing campaigns to discredit the Dangote Petroleum Refinery, and given the negative impact of this, which has caused panic in the country.
Dangote poised to fulfil gasoline goals
But the commissioning process is ongoing and initial gasoline output may be limited
36 oil blocks under concession to IOCs, others, says NNPCL
The blocks are classified into Oil Prospecting Licence and Oil Mining Licence. An OPL is granted by the government to an applicant company registered for exploration and production purposes,
389 incidents of crude oil theft recorded in 14 days oil theft
The NNPCL said the incidents were recorded as follows: 23 cases in deep blue water; 86 incidents in Western region, 141 incidents in Eastern region and 139 incidents in Central region.
Nigeria grapples with oil theft surge
Oil theft has resulted in the declaration of force majeure at the Bonny Oil & Gas Terminal and the shutting-in of various wells from fields that connect to the Nembe Creek Trunk Line and the Trans Niger Pipeline.
FG, stop gas flaring, harness energy resources
Gas flaring is associated with the burning of crude oil to extract petrol and other by-products. The fracking, or standard process of refining crude oil has contributed to environmental degradation and global warming.
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