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Farooq

Posts Tagged "nnpc" (Page 2)

HomePosts Tagged "nnpc" (Page 2)
  • gas opportunities

The Federal Ministry of Petroleum Resources has put Nigeria’s crude oil production, including condensate at 2.025 million barrels per day in June 2017. Besides, the agency said the Federal Government is yet to secure funding for the rehabilitation of the country’s refineries. These come as the Federal Executive Council (FEC) approved the National Gas Policy, […]

* Nigerian production rise adds to surplus cargoes * Angolan crude clears more quickly, Chinese buying helps * North Sea market showing more signs of strength By Alex Lawler LONDON, July 5 (Reuters) – Nigerian crude for August loading is proving slow to find buyers amid rising supply, oil trading sources said on Wednesday, a […]

ABUJA, July 4 (Reuters) – Nigeria’s state oil company has saved $2 billion in the past year by renegotiating its upstream servicing contracts, it said in a statement on Tuesday, as it tries to reduce high overheads. The Nigerian National Petroleum Corporation (NNPC) is attempting to revive the oil industry on which the country’s economy depends, […]

YENAGOA, Nigeria June 29 (Reuters) – Nigeria’s state oil company said on Thursday it had agreed a joint venture to cover the more than $700 million cost of developing new oil fields in its southern Niger Delta energy hub. The Nigerian National Petroleum Corporation (NNPC) said it had a tripartite agreement with local energy firm First […]

The Nigerian National Petroleum Corporation (NNPC) has said it has paid a N450 billion debt it owed the Federal Government. According to its April 2017 Monthly Financial and Operations Report, released yesterday, the NNPC said the last tranche of the sum was paid in March 2017, after paying N6.33 billion on a monthly basis over […]

Nigeria’s crude oil exports are set to surpass two million barrels per day (bpd) in August, the highest in 17 months, as the country’s oil and gas industry nears a full recovery from attacks by the Niger Delta militants that crippled production in 2016. It is expected that if the ramp-up in Nigeria’s production is […]

  • Kachikwu

The Federal Government is expected to save N4.69 trillion yearly from massive importation of petroleum products, as it plans to become a net exporter by end of 2019, according to statistics released by the Federal Ministry of Petroleum Resources. Besides, the Ministry, which said that no financiers have been selected for the rehabilitation of refineries […]

Nigeria’s crude oil exports are set to reach 1.84 million barrels per day (bpd) in July, according to a report. The new figure is slightly higher because of a recovery in Forcados exports, according to the nation’s loading programmes seen Wednesday. Forcados exports resumed at the end of May after a nearly complete shutdown since […]

LONDON, June 2 (Reuters) – Nigeria issued its first Forcados oil loading plan since 2016, putting the nation’s June oil exports on track to hit thier highest level in at least 15 months. The plan, if realised, would return loadings by Nigeria, normally West Africa’s biggest oil exporter, to levels not seen since militant attacks […]

ABUJA May 25 (Reuters) – Nigeria’s Senate passed a long-awaited oil governance bill following its third and final reading, it said on its official Twitter feed on Thursday. The Petroleum Industry Governance Bill is part of proposed reforms that make up the sprawling Petroleum Industry Bill (PIB), aimed at overhauling the OPEC member’s energy industry. […]