nigeria's crude oil

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    Business 254 Companies Bid for Nigeria's Oil Lifting Contract

    Around 254 companies have indicated interest to purchase and lift Nigerian crude oil grades for the period 2018/2019. The names of the companies mostly indigenous and international oil companies, traders and refineries were unveiled at a public opening of the bids yesterday at the NNPC Towers...
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    Politics Ezekwesili Warns FG Over Future of Crude Oil

    Former Minister of Education, Oby Ezekwesili, has said that Nigeria will be forced to drink her crude oil very soon if we faile to diversify the economy. Ezekwesili said this while speaking on Tuesday at the 2017 civil engineering conference organised by the Abuja chapter of the Nigerian...
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    Business FG Says Nigeria's Crude Oil Output Rise To 2.06m b/d in July

    Nigeria's average oil production including condensates, increased to 2.06 million barrels per day (mb/d) last month, from 2.05 million b/d in June, as the country continued to ramp up production amidst retention of output concession from the Organisation of Petroleum Exporting Countries (OPEC)...
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    Business FG Secures $700m Funding for OMLs 83, 84

    Plans by the Federal Government to grow Nigeria’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost yesterday with the execution of a $700 million funding agreement for Oil Mining Licenses (OMLs) 83 and 85, offshore Nigeria. The country, at the moment, has 37...
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    Business Indonesia Set to Build 10,000bpd Refinery in Nigeria

    An Indonesian firm, PT Intim Perkasa Nigeria Ltd, a subsidiary of PT Intim Perkasa, Indonesia, has indicated interest to build a refinery in Nigeria. This is part of the efforts of President Muhammadu Buhari-led federal government to boost local refining capacity in the country. According to...
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    Business Indonesia Requests More Crude Oil From Nigeria

    Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria, Mr. Harry Purwanto, the country's ambassador disclosed this in Abuja on Wednesday. The Group Managing Director of Nigerian National Petroleum Corporation, NNPC, Dr Maikanti Baru...
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    Business Nigeria's Oil Production Hits 2 Million Barrels Daily

    The Minister of State for Petroleum Resources, Dr. Ibe Kachikwu on Wednesday disclosed that crude oil production in the country had risen to two million barrels per day. Kachikwu made the disclosure when he met with the House of Representatives Committee on Petroleum Resources (Upstream)...
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    Business Nigeria's Crude Oil: 224 Firms Submit Bids to Lift Oil In 2017

    Not fewer than 224 firms have submitted bids seeking to be awarded contract to purchase and lift Nigerian crude oil grades for the 2016/2017 season. Th e Group Managing Director of the Nigerian National Petroleum Corporation, NNPC, Maikanti Baru, at the former public bids openng on Thursday in...
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    Metro Nigeria’s Crude Oil Belongs To The North – Bugaje [See Video]

    Usman Bugaje, one of the lead speakers at the Northern Leaders’ Conference has raised a controversial issue on the ownership of Nigeria’s crude oil domiciled majorly in the Niger Delta region. See Video: According to him, it is wrong for any state to claim that it is oil producing because...