If eventually signed by the president, the bill will unbundle the Nigerian National Petroleum Corporation (NNPC) and provide for the establishment of Federal Ministry of Petroleum Incorporated, Nigerian Petroleum Regulatory Commission, Nigerian Petroleum Assets Management Company and National Petroleum Company and Petroleum Equalisation Fund.
26 January 2018, News Wires – Oil rose on Thursday, with global benchmark Brent at one point surging above $71 a…
Michael James 25 January 2018, Sweetcrude, Lagos – Seplat Petroleum Resources Company led Thursday’s trading activities on the floor of the…
OpeOluwani Akintayo 25 January 2018, Sweetcrude, Lagos – The Nigerian National Petroleum Corporation (NNPC), Total Upstream Nigeria Limited (TUPNI) and partners…
“I am happy to inform you that progress has been made, up to the level of an acceptable detailed engineering design and we are in the process of mobilising some of the refineries already identified for installation in Nigeria.”
A broader breakdown revealed that total export crude Oil & Gas receipt for the period of November, 2016 to November, 2017 stood at $3.73 billion. Out of which the sum of $2.60 billion was transferred to JV Cash Call as first line charge and the balance of $0.85 billion was paid into Federation Account.
He lamented that with the current unprecedented average daily fuel evacuation of 55 million litres since 1st December 2017 to date, it was imperative for the security agencies to close-in on the smuggling syndicates who were cashing in on the obvious petrol price differentials between Nigeria and neighboring countries to make illicit profit.
25 January 2018, Sweetcrude, Vienna, Austria — The price of OPEC basket of fourteen crudes stood at $67.61 a barrel…
A breakdown of the payment details showed that all the Generating companies were paid within the period, while about eight out of the 10 power plants built under the National Integrated Power Projects (NIPPs) and managed by the Niger Delta Power Holding Company Ltd (NDPHC) were equally paid the value on their invoices.
OpeOluwani Akintayo 25 January 2018, Sweetcrude, Lagos – Nigeria lost over $14 billion to oil production deferments in 2016, according to…
