Entries by AllAfrica News: Petroleum

Angola: Crude – Angola Exports 94.06 Million Barrels Worth Usd 7.16 Billion /in /by

[ANGOP] Luanda -- Angola's crude oil exports reached 94.63 million barrels in the second quarter of this year, 2023, at average price of USD 76.19 / barrel, totalling about US$7.16 billion in revenues.

Tanzania: MOU in Offing As Pura, Dmi Seek Collaboration On Bosiet Programme /in /by

[Daily News] Petroleum Upstream Regulatory Authority (PURA) is on the verge of signing a Memorandum of Understanding (MoU) with the Dar es Salaam Maritime Institute (DMI) that will see the two collaborating on the establishment of an international accr...

Uganda: France’s TotalEnergies Starts Drilling for Oil /in /by

[RFI] French oil giant TotalEnergies has started drilling oil wells in Uganda as part of the massive East African Crude Oil Pipeline project that has been opposed by environmental and human rights groups.

Nigeria: Subsidy Removal – Disbursement of N500bn to 12m Homes Wont Address Fundamental Issues Govt Told /in /by

[Vanguard] Africa Leadership Group (ALG), a citizen-centric, and effective governance leadership organization has taken a swipe on President Bola Tinubu's swift decision on the petroleum subsidy removal, noting that its subsequent effects on the Nigeri...

Nigeria: How Fuel Subsidy Removal Presents Transformative Opportunity for Nigeria’s Oil Sector – PWC Nigeria /in /by

[Premium Times] An expert said the subsidy shielded companies from the reality of their profits, and companies will now confront the true market dynamics.

Niger: Fuel Subsidy Removal – Nigerian Govt Warns Labour Against Strike /in /by

[Premium Times] The warning came hours after the NLC issued notice to begin a nationwide strike on 2 August amid an astronomical hike in petrol pump prices following the removal of fuel subsidy.

Nigeria: Fuel Subsidy – We’re Working Hard to Avert Workers’ Strike – Govt /in /by

[Premium Times] The NLC has reportedly planned to embark on strike on 2 August to protest the hike in fuel prices occasioned by the subsidy removal and the anti-poor policies of the federal government.

Nigeria: Subsidy Removal – Why We Are Taking Time to Roll Out Palliatives – Presidency /in /by

[Leadership] In response to the recent outcry over the removal of fuel subsidy and the subsequent increase in the price of premium motor spirit (PMS), commonly known as petrol, the Presidency has come forward to explain the delay in rolling out palliat...

Nigeria: Reps to Probe $4bn Debt Owed NDDC By Oil Companies /in /by

[Leadership] The House of Representatives has resolved to investigate the flagrant disobedience of International Oil Companies to the Delta Development Commission (NDDC) Act which culminated in $4 billion indebtedness to the Commission.

Nigeria: Why Tinubu Didn’t Wait Before Announcing Subsidy Removal – Abiodun /in /by

[Premium Times] "As controversial as that initiative has been, no one can deny the fact that it was a very welcome initiative. That was a subsidy that Nigeria could no longer afford; it was a subsidy that was not in the budget beyond June 2023."