Entries by AllAfrica News: Petroleum

Nigeria: Reps to Set Up Panel to Investigate State of Oil Pipelines in Nigeria /in /by

[Premium Times] The lawmakers noted that between 2018 and 2023, Nigeria recorded over 7,000 incidents of pipeline vandalism, resulting in the loss of $12.74 million worth of crude oil.

Nigeria: Dangote, NNPCL Back to Negotiation Over Naira-for-Crude Deal /in /by

[Daily Trust] The Nigerian National Petroleum Company Limited (NNPCL) on Monday said discussions are currently ongoing towards emplacing a new naira-for-crude contract with local refiners.

Nigeria: Naira for Crude Policy Remains in Place – Nigerian Govt /in /by

[Premium Times] Mr Adedeji said there has been no decision at the policy level to discontinue this approach nor is it being considered.

Nigeria: NNPC Clarifies Reports On Naira Crude Contract /in /by

[This Day] Contrary to reports that the Nigerian National Petroleum Company (NNPC) Limited has unilaterally suspended the naira-for-crude oil swap deal with domestic refiners, including Dangote Refinery and other private operators, NNPC has clarified t...

Nigeria: No Plan to End Naira-for-Crude-Oil Policy, Says Federal Govt /in /by

[Leadership] The federal government has confirmed that the Naira-for-crude-oil swap deal remains in place, countering recent reports of its termination at the end of this month.

Nigeria: Aliko Dangote Becomes New ‘Darling of the Masses’ /in /by

[This Day] Every great movie needs a hero and a villain. In Nigeria's latest blockbuster, the man in the white cape is Aliko Dangote, billionaire industrialist, while the long-time antagonist, the Nigerian National Petroleum Company Limited (NNPCL), is...

Egypt: Egypt to Build U.S.$660m Liquid, Gas Bulk Terminal At Dekheila Port /in /by

[Egypt Online] Egypt's General Authority for Alexandria Port and the Alexandria Supply Chain Company (ASCC) signed an initial $660 million concession agreement on Thursday to develop a liquid and gas bulk terminal at Dekheila Port. The project is fully...

Nigeria: Despite Full Deregulation, Marketers Still Smuggling Petrol to Neighboring Countries – Customs /in /by

[Leadership] Despite Nigeria's full deregulation of the petroleum sector, the smuggling of petrol to neighboring countries persists, according to the Nigeria Customs Service (NCS).