He noted that, “When LNG started operating, it paid a dividend to the NNPC but the corporation was claiming that it was supposed to be the owner of the shares in LNG and not the Federal Government. When the LNG pays the money to the NNPC, it used some of it to run its operations.”
Oscarline Onwuemenyi 15 March 2017, Sweetcrude, Abuja – The Nigeria Extractive Industries Transparency Initiative, NEITI, is seeking for a share…
“Similarly, the two million dollars purportedly spent on vehicles maintenance, comprised budget items which included light vehicles maintenance (3rd parties and in-house); light motor vehicle for operation – fueling and heavy motor vehicle maintenance (3rd parties and in-house).”
14 March 2017, Sweetcrude, Lagos – Germany’s MAN Diesel and Turbo will deliver two compressor trains and turbines to the…
14 March 2017, Lagos – The Nigerian National Petroleum Corporation, NNPC, says it did not apend $9m on staff transfer of…
*As Kerosene decreases Kunle Kalejaye 14 March 2017, Sweetcrude, Lagos — The average prices for Liquefied Petroleum Gas, LPG, (cooking…
*Permian to hit fresh record 14 March 2017, Washington, D.C — U.S. shale oil production in April was set for…
14 March 2017, Moscow — A recovery in U.S. oil output may deter OPEC and non-OPEC producers from extending production…
*For sale: stakes in oil fields. *Bids from world class energy companies preferred. *Pipelines & terminals associated with the deposits…
14 March 2017, Lagos -Oil prices dropped to their lowest in three months yesterday despite the Organisation of Petroleum Exporting…
