21 January 2018, Muscat — OPEC and non-OPEC oil producers have a consensus that they should continue cooperating on production…
Browsing: Oil
OpeOluwani Akintayo 21 January 2018, Sweetcrude, Lagos — Following reports that Russia and Iraq are considering exiting the oil cut…
“The NNPC Act is a law on itself and the National Assembly is the one responsible for enacting laws, so, if there is any remedy or solution; as one of the senators, the issue is look into the Act establishing these entities; NNPC,CBN etc.”
He added that, “If the National Assembly succeeds in passing all the four bills and the executive signs them all before politicking for 2019 starts, that will be a solid achievement indeed. It is possible. Please do this for Nigeria.”
The lawsuit said JP Morgan then received a request from finance ministry workers to transfer more than $800 million of the funds to accounts controlled by the previous operator of the block, Malabu Oil and Gas, itself controlled by former oil minister, Chief Dan Etete.
Ike Amos 20 January 2018, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Friday, hinted that oil block allocation…
Ike Amos 20 January 2018, Sweetcrude, Abuja — The Nigerian National Petroleum Corporation, NNPC, Friday, described the extra financial burden…
OpeOluwani Akintayo 20 January 2018, Sweetcrude, Lagos — Nigeria’s Minister of State for Petroleum Resources, Dr. Emmanuel Ibe Kachikwu has…
Omare said shutting down the oil terminal could lead to another round of economic recession in the country.
Crude production of 9.9 million barrels per day (bpd) in the US was now at the highest level in nearly 50 years, “putting it neck-and-neck with Saudi Arabia, the world’s second-largest crude producer after Russia,” the IEA said.
