Entries by AllAfrica News: Petroleum

Nigeria: World Bank’s Call for NNPCL Audit Raises Questions On Nigeria’s Sovereignty /in /by

[Leadership] The World Bank's recent call for a forensic audit of the Nigerian National Petroleum Company Limited (NNPCL) has sparked debate over the institution's role in Nigeria's economic affairs. While the Bank cites concerns over transparency and ...

Nigeria: Problems, Prospects, Solutions of Oil Block Development in Nigeria /in /by

[Premium Times] Two main players typically drive the development of oil blocks in Nigeria: International Oil Companies (IOCs) and National Oil Companies (NOCs).

West Africa: Nigeria Underproduces Crude By 46.4m Barrels in 4 Months in Threat to 2025 Budget /in /by

[This Day] Abuja -- Nigeria's crude oil production slumped by an estimated 46.4 million barrels in the first four months of 2025, spanning January to April, a development seen as a key threat to the country's 2025 budget.

Nigeria: NUPRC Excited As Conoil Lifts First Cargo of Obodo Oil Blend /in /by

[This Day] The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has congratulated Conoil Producing Limited on the successful shipment of the first cargo of the Obodo crude blend.

Nigeria: Gov Mbah Demands Enugu’s Share of 13 Percent Oil Derivation Fund /in /by

[Premium Times] The Nigerian government, in December 2022, recognised Enugu as an oil producing state which ultimately makes the South-eastern state eligible to receive 13% oil revenue.

Nigeria: Dangote Refinery Pledges Stability Amidst Oil Price Fluctuations /in /by

[Premium Times] According to the company, the decision reflects its unwavering commitment to supporting the Nigerian economy and alleviating the burden of fuel costs on consumers.

Nigeria: Tinubu Can’t Afford Renewed Crisis in Ogoni By Forcing Oil Production Resumption – MOSOP /in /by

[Vanguard] Port Harcourt --The people of Ogoni ethnic nationality in Rivers State, have been assured that President Bola Tinubu cannot afford to order a forceful resumption of oil production in the area as doing so could lead to unimaginable consequences.

Nigeria: Tinubu Can’t Afford Renewed Crisis in Ogoni By Forcing Oil Production Resumption – MOSOP /in /by

[Vanguard] Port Harcourt --The people of Ogoni ethnic nationality in Rivers State, have been assured that President Bola Tinubu cannot afford to order a forceful resumption of oil production in the area as doing so could lead to unimaginable consequences.

Nigeria: Refinery – If We Understood Magnitude, We Might Not Attempt It – Dangote /in /by

[Vanguard] Africa's richest man and industrialist, Alhaji Aliko Dangote, has expressed commitment to empowering Nigerian engineers and building local capacity through large-scale industrial projects.