Nigeria: China Wants More of Nigeria’s Oil
China has said it seeks more crude oil exports from Nigeria in spite of the recent changes in oil prices. Zao LingXiang, Economic and Commercial Counsellor of the Chinese Embassy Continue Reading
Nigeria: Oil Workers End Strike After Govt Pledges No Job Cuts
Nigerian unions on Thursday ended a day-old strike against the revamp of the beleaguered state oil firm after a minister promised there would be no job cuts. The strike, launched Continue Reading
Angola: Low Oil Prices Undo Angola
The crash in the price of oil has hit Angola hard. Hospitals across the country are low on resources, including medicines. There are food shortages in the North, drought in Continue Reading
Nigeria: Oil Workers Shut Down State Oil Company, NNPC, Over Unbundling
Angry oil workers have shut down all offices and facilities of the Nigerian National Petroleum Corporation, NNPC, in protest of Tuesday’s splitting of the state oil company by the federal Continue Reading
Nigeria: Country to End Petrol Imports in 18 Months – Kachikwu
The minister of state for petroleum resources, Dr Ibe Kachikwu, has disclosed the federal government’s plans to end the importation of petrol within the next 18 months. Disclosing this in Continue Reading
Nigerian Economic Growth Slows to 2.1% as Oil Industry Contracts
Growth in Nigeria, Africa’s biggest economy and oil exporter, slowed in the fourth quarter as crude revenue fell and manufacturers struggled amid a shortage of foreign-exchange for imports. Gross domestic Continue Reading
Nigeria: State Oil Company Is Split Into Seven Divisions
Nigerian President Muhammadu Buhari has approved the unbundling of the Nigerian National Petroleum Corporation into seven divisions, the Premium Times reported March 8. Five divisions will focus on core production Continue Reading
Nigeria breaks up state oil company
State-owned oil company of Nigeria to be divided into 30 discrete entities. IMF warned last week the economy may need to reform to address pressures from lower crude oil prices. Continue Reading
Nigeria Says OPEC to Meet Non-Members in Russia on March 20
Key members of the Organization of Petroleum Exporting Countries intend to meet with other producers in Russia on March 20 to renew talks on an agreement to cap oil output, Continue Reading
Nigeria says producers to meet in Moscow, sees dramatic impact
The Organization of the Petroleum Exporting Countries (OPEC) logo is pictured at its headquarters in Vienna June 10, 2014. Some members of OPEC plan to meet other oil producers in Continue Reading