[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.
Author Archive for: AllAfrica News: Petroleum
Entries by AllAfrica News: Petroleum
[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.
[Leadership] Chairman of Shell Companies in Nigeria, Osagie Okubor, has said the country suffered a significant loss in oil revenue over the last year, as a result of pipeline vandalism and oil theft.
[Daily Trust] In periods of oil prices hovering around $100 per barrel, Nigeria scoops approximately $200 million per day in revenues from the global oil market. Who are the major beneficiaries of these proceeds?
[Leadership] Nigeria was Africa's top crude oil producer in March 2023, with a production capacity of 1.2 million barrels per day (bpd), even as the Organisation of Petroleum Exporting Countries(OPEC)'s total crude oil production averaged 28.80 million...
