[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.
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[Namibian] Oil and gas exploration, an emerging sector in Namibia, is a naturally high-risk investment.
[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.
[Premium Times] Mr Adedeji said there has been no decision at the policy level to discontinue this approach nor is it being considered.
[Premium Times] Mr Soneye said discussions are ongoing towards emplacing a new contract.
[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 that the contract for the sale of crude oil in Naira was structured as a six-month agreement. It also said the agreement was subject to availability, and expires at the end of March 2025.
[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.
[Vanguard] ...To Settle Before August 2025
[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 scrambling to stay relevant. The battlefield is the price of petrol and the weapon is a price war that has the masses cheering.
[Greenpeace] Greenpeace Africa expresses its deep concern and outrage over the gas leak detected at the Grand Tortue Ahmeyim (GTA) field, operated by BP off the coast of Senegal and Mauritania.
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