Tag: Oil

The country will not experience fuel queues this end of year festive season, the Nigerian National Petroleum Corporation has assured the citizens. It said on Tuesday that the Petroleum Products ...

The Federal Government through the Nigerian Export Promotion Council plans to grow the country’s non-oil export revenue from N1.5tn per annum to N5tn within the next three to four years. ...

The Group Managing Director, Nigerian National Petroleum Corporation, Maikanti Baru, on Tuesday announced that the aggressive exploration of the inland basins would soon yield result with hydrocarbon finds in commercial ...

The Federal Government announced on Monday that plans were in top gear to deploy technology that would track and account for every molecule of crude oil produced in Nigeria by ...

There seems to be no end in sight to the downward operational performance of Nigeria’s refineries since the beginning of 2017 despite several interventions made to reinvigorate the facilities by ...

The Lagos Chamber of Commerce and Industry has estimated that Nigeria will lose about N150bn daily if the National Union of Petroleum and Natural Gas Workers and the Petroleum and ...

Political involvement in the management of the Nigerian National Petroleum Corporation can lead to rapid turnover in key staff, creating difficulties in ability to execute strategic initiatives, a new report ...

India, China, France, Netherlands and the United Kingdom bought a total of 24.4 million barrels of crude oil from Nigeria in May this year, almost half of the nation’s total ...

The Nigerian National Petroleum Corporation has said the demand for the nation’s crude oil outstrips the current supply. Last year, Nigeria saw a resurgence of militant attacks in the Niger ...

France plans to pass legislation this year to phase out all oil and gas exploration and production on its mainland and overseas territories by 2040, becoming the first country to ...