[This Day] Abuja -- Despite its perennial underproduction in the last two years, Nigeria has been able to ramp up its crude oil output compared to its budget benchmark from an average of about 60 per cent to 75 per cent between H2, 2022 and Q1, 2023, d...
Author Archive for: AllAfrica News: Petroleum
Entries by AllAfrica News: Petroleum
[This Day] Abuja -- The first phase of a project to rehabilitate Nigeria's 210,000 barrels per day Port Harcourt refinery, which had been slated for completion in April this year, may not be finished for another four months at least, refinery and oil m...
[This Day] Abuja -- Vice President Yemi Osinbajo yesterday insisted that while the global call for a transition to cleaner fuels may be valid, it would be unreasonable for Nigeria to abandon her fossil fuel deposits at the moment.
[Leadership] As federal government appear more determined to strike out petrol subsidy regime, indigenous oil and gas firms are taking fresh investment decisions to expand internal gas market.
[Vanguard] The Minister of Justice and Attorney-General of the Federation, AGF, Abubakar Malami, SAN, yesterday described as baseless and unfounded allegations that 48 million barrels of crude oil worth $2.4 billion were missing.
[Premium Times] "Council agreed that the timing of the removal of fuel subsidy should not be now," an official said.
[Premium Times] The signing of the agreement took place at the NNPC headquarters in Abuja.
[Premium Times] The industrial action was suspended following "high-level mediation" between the leadership of the company and PENGASSAN.
[Premium Times] "The allegation is unfounded. It lacks merit and indeed substance," the minister told the lawmakers.
[Leadership] Minister of finance, budget and national planning, Zainab Ahmed, has said the federal government has concluded every plan for the removal of the controversial subsidy on premium motor spirit (petrol) and would not revisit the matter.
