Posts

Nigeria: Nigeria Produces 115m Barrels, 75 Percent of Budget Benchmark in Q1 Amid Struggling Oil Output/in /by
[This Day] Abuja -- Amid Nigeria's crude oil production struggle, the country managed to drill 115 million barrels of the commodity in the first quarter of 2023, a THISDAY review of industry data has shown.
Nigeria: S&P Survey – OPEC Crude Oil Production Dropped By 300,000 Bpd in March Amid Russian Sanctions/in /by
[This Day] Abuja -- Crude oil production from the Organisation of Petroleum Exporting Countries (OPEC) and allies fell by 300,000 barrels per day in March as sanctions hit Russian output, the latest Platts survey by S&P Global Commodity Insights, has found.
Nigeria: Oil Marketer Blames High Cost of Cooking Gas On Inadequate Infrastructure, Fx Scarcity/in /by
[This Day] Founder and Chief Executive Officer of Hyde Energy Limited, a downstream oil and gas company, Mr. Oladimejj Edwards, has attributed the high cost of Liquefied Petroleum Gas (LPG), popularly known as cooking gas, to the inadequate supply, storage, and distribution infrastructure as well as scarcity of dollars in the market.
Nigeria: Fuel Subsidy – IMF Reluctant to Interfere With Nigeria’s Decision/in /by
[Vanguard] THE International Monetary Fund, IMF, has expressed disapproval of subsidy policies for certain commodities in Nigeria, Kenya and other countries in Sub-Saharan Africa, giving reasons why it should be scrapped.
Nigeria: Defying the Odds With Outstanding Financial Performance for NNPC – Kyari/in /by
[Premium Times] Since he assumed office, Mr Kyari has pursued his Transparency, Accountability and Performance Excellence (TAPE) agenda, a five-step strategic roadmap for NNPC's attainment of efficiency and global excellence.
Mozambique: Fuel Price Rise Could Be Imminent/in /by
[AIM] Maputo -- Mozambican fuel distribution companies are demanding an increase in the price of fuel, on the grounds that they are makin heavy losses with the current prices, fixed by the government about a year ago.
Egypt: PM Meets With Petroleum Minister/in /by
[Egypt Online] Prime Minister Mostafa Madbouli met Saturday 15/04/2023 with Minister of Petroleum and Mineral Resources Tariq Al-Mulla to review projects implemented by the ministry.
Nigeria: Nigerian Lawmakers Probe Alleged Illegal Oil Sales to China/in /by
[VOA] Abuja, Nigeria -- Nigerian lawmakers are investigating allegations of $2.4 billion in illegal sales of stolen oil to China.
Kenya: Kenya Receives First Consignment of Fuel/in /by
[Capital FM] Nairobi -- Kenya received its first consignment of fuel consisting of petrol, diesel, and jet A-1 fuel used in the aviation industry from the Middle East on Thursday.
Nigeria: No Local Refining, No Subsidy Removal, NUPENG Warns/in /by
[Vanguard] Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has warned the Federal Government not to contemplate the removal of the subsidy on petrol without local refining capacity, in view of its socio-economic implications on businesses and ordinary Nigerians.