Nigeria: Glut Looms As Buyers Reject Nigerian Crude
Lagos — Nigeria’s oil supply to the international market is facing glut as ample supply of light and medium grades from the North Sea and the Mediterranean are limiting buying Continue Reading
Nigeria: Indonesia Wants More of Nigeria’s Crude Oil
The Nigerian National Petroleum Corporation (NNPC) Wednesday said it received a request from Indonesia to supply it more volumes of Nigeria’s crude oil blends to enable it to meet the Continue Reading
Nigeria’s Dependence On Oil Raises Risk Despite Slow Exit From Recession:– IMF
The International Monetary Fund on Wednesday warned that Nigeria remains vulnerable despite slowly exiting recession since its growth is tied to oil prices and improved revenues are restricted to the Continue Reading
Nigeria Can Produce Oil At $20 A Barrel
The Nigerian National Petroleum Corporation can produce crude oil at around US$20 a barrel, but there are plans to bring this even lower, to US$15 a barrel, the company’s group Continue Reading
Nigeria Has Lost U.S. Oil Export Market Forever
Minister of State for Petroleum Resources, Dr Ibe Kachikwu, has said Nigeria has forever lost United States of America, USA, as a significant crude export market. Up until the early Continue Reading
Nigeria: Malabu Scandal – Confused Govt Hires Two Different Attorneys for Italian Trial
There was confusion at an Italian court Monday as two lawyers purportedly representing the Nigerian government surfaced in the trial of Shell and Eni executives over alleged corruption in Nigeria. Continue Reading
Nigeria: NNPC – Nigeria Produces Barrel of Oil At $20
The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru has said that the corporation has as at today brought down the cost of production of Continue Reading
Nigeria: 3,000 Oil Jobs Under Threat As Labour Dispute Threatens Nigerian Content Policy
The raging labour dispute between the oil workers’ unions and Nigerian indigenous firms that have committed huge resources to develop local capacity and capability in line with the Nigerian Oil Continue Reading
Trial of Shell, Eni over Nigeria to switch to new Milan court: sources
A logo of Shell is pictured at a gas station in the western Canakkale province, Turkey April 25, 2016. REUTERS/Murad Sezer Earlier this week, the Milan tribunal informed lawyers that Continue Reading
Nigeria Is OPEC’s Only Member To Import Gasoline
Nigeria’s inefficient refineries are unable to meet domestic fuel demand and have made Nigeria the only OPEC member to import gasoline, according to the managing director of the Nigerian National Continue Reading