oil production
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Nigeria Mele Kyari Refutes Dangote’s Sabotage Claims, Confirms NNPCL’s Stake in Dangote Refinery
NNPCL confirms its ownership stake in Dangote Refinery, refuting sabotage claims by owner Aliko Dangote. Mele Kyari, CEO of NNPCL, explains that the partnership was a strategic decision to secure a market for Nigeria’s growing oil production and support the country's energy self-sufficiency...- Nigeria News
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- 1 min read
- dangote refinery mele kyari nigeria energy sector nnpcl oil production
- Category: Business
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Nigeria IMF Cuts Nigeria’s 2024 Growth Forecast Due to Flooding and Oil Production Woes
The IMF has reduced Nigeria's growth forecast for 2024 to 2.9%, down from 3.3%, citing low crude oil production and severe flooding as primary factors. The report highlights persistent inflation challenges, projecting Nigeria’s inflation rate to stabilize at 25% in 2025 amid ongoing economic...- Nigeria News
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- 1 min read
- economic growth imf oil production
- Category: Business
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Nigeria Economic Boost: NNPC E&P Ltd and NOSL Start Oil Production in Akwa Ibom's OML 13
NNPC E&P Ltd and NOSL mark a significant milestone with the commencement of oil production at OML 13 in Akwa Ibom. This achievement underscores Nigeria's drive for economic growth and energy self-sufficiency. The partnership aims to ramp up production to 40,000 barrels per day, promising...- Nigeria News
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- 1 min read
- nigerian national petroleum company nnpc e&p ltd nosl oil production oml 13
- Category: Business
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Nigeria Nigerians Confused by Dangote Refinery's Decision to Import Crude Oil From the United States
Dangote Refinery is set to import crude oil from the United States, a groundbreaking departure from its traditional reliance on Nigerian feedstock. According to reports from Bloomberg, traders familiar with the matter revealed that Trafigura Group has secured a deal to supply 2 million barrels...- Nigeria News
- Article
- 2 min read
- dangote refinery global oil market niger delta nigeria oil production oil supply opec us crude wti midland
- Category: Business
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Business OPEC Exempts Nigeria, 2 Other Countries From Reducing Oil Production
Organization of Petroleum Exporting Countries, OPEC, have exempted Nigeria, Iran and Libya from cutting production output given the peculiar internal challenges they found themselves. It also agreed to commence the reduction of its members’ production output to about 740, 000 barrels per day...- kemi
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- oil production opec
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- Forum: Business News Links
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Business Nigeria Begins Search For Oil in Northern Region [See PHOTOS]
Barely two weeks after the group Managing Director of NNPC, Maikanti Baru, disclosed that President Buhari had ordered the corporation to intensify its search for oil in the North East region, oil explorers and their machines have landed the region and are currently searching for oil. Also...- ProfRem
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- nigeria news nigerianbulletin oil drilling in northeasr oil production
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- Forum: Business News Links
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Business Nigeria's Oil Output Drops to 20-Years Low as Chevron Shuts Down Operation
Oil disruption that has pushed production to the lowest in 20 years, as attacks against facilities in the country increase in number. According to Bloomberg, Chevron Corporation said on Friday it had shut down about 90,000 barrels a day of output following an attack on an offshore platform that...- ProfRem
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- bloomberg chevron oil production pipeline vadalism
- Replies: 0
- Forum: Business News Links
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