Entries by AllAfrica News: Petroleum

Nigeria: Backbone Says It Has Secured Funding for 500,000bpd Refinery in Ondo /in /by

[Leadership] Following the successful execution of the memorandum of understanding (MoU) between Backbone Infrastructure Nigeria Ltd (BINL) and the Ondo State Government, through the Ondo State Investment Promotion Agency (ONDIPA), for the construction...

Nigeria: Govt Targets $20 Billion Additional Upstream Oil Investments By 2029 /in /by

[This Day] The federal government has announced that it is expecting about $20 billion investments in Nigeria's upstream petroleum industry by 2029 in a bid to boost crude oil and gas production in the country.

Nigeria: Nigeria On Track to Hit 2m Bpd Oil Production By 2027 – NNPC /in /by

[Vanguard] The Nigerian National Petroleum Company Limited (NNPC Ltd.) says Nigeria remains on track to grow crude oil production to two million barrels per day (bpd) by 2027 and three million bpd by 2030.

Nigeria: Major Fire Disaster Averted As Gas Tanker Overturns in Lagos – LASTMA /in /by

[Premium Times] The incident, which occurred in the early hours of Monday, involved a truck fully loaded with Compressed Natural Gas (CNG) cylinders.

Uganda: Is Oil Discovery in Uganda an Opportunity or a Looming Curse? /in /by

[Nile Post] As Uganda stands on the brink of an oil era, the world watches. Will it emulate the model of Norway, which used oil wealth to build a trillion-dollar sovereign-wealth fund? Or will it fall victim to the "resource curse," where abundant natu...

Nigeria: Govt Seeks IMF’s Support to Strengthen Fiscal Resilience in Oil Sector /in /by

[This Day] The federal government has sought the technical support of the International Monetary Fund (IMF) in designing a transparent and resilient price modulation mechanism to help cushion domestic price shocks, insulate markets from extreme global ...

Nigeria: 15% Petrol Import Duty Against Spirit of Deregulation – Oil Marketers /in /by

[Vanguard] Oil marketers have criticised the Federal Government's plan to impose a 15 per cent import duty on petrol, arguing that the proposal contradicts the principle of deregulation in the downstream petroleum sector.

Nigeria: NNPC Limited Seeks Partnership to Revamp Struggling Refineries /in /by

[Premium Times] "We're repositioning as a commercially driven, transparent energy company serving Nigerians," Mr Ojulari said.

Liberia: Sen. Duncan Threatens Lawsuit If New Oil Deals Are Ratified /in /by

[FrontPageAfrica] Monrovia -- The controversy surrounding Liberia's recent oil exploration agreements deepened on Wednesday when Sinoe County Senator Crayton O. Duncan threatened to file a lawsuit against the Government of Liberia if the National Legis...