Probing Nigeria’s $21bn crude oil loss
The National Assembly is set to unravel the mystery behind the alleged loss of crude oil in Nigeria worth $21…
Fuss over controversial fuel levy
An odious bill purportedly recommending N5 levy on every litre of petroleum products consumed in Nigeria to help the Federal…
Controversy over Port Harcourt Refinery concessioning
The plan of the Ministry of Petroleum Resources to concession the Port Harcourt Refinery to Agip and Oando suffers a…
General Electric seeks investment in Nigeria’s refineries
General Electric (GE), a US multinational company, recently proposed to invest in the nation’s three refineries located in Port Harcourt,…
Nigeria’s quest for 60% local refining capacity
Federal Government sets the target of increasing the country’s domestic fuel refining capacity to 60 percent in 2017 despite setbacks…
Revamping of PH Refinery: NNPC, Italian oil giant seal deal
Nigerian National Petroleum Corporation and Eni, the Italian oil giant sign a Memorandum of Understanding for the rehabilitation of the…
Nigeria’s oil export to India falls by 54%
Reuters reported that the development forced key Indian clients of Nigeria, mostly state-run companies, to turn to Angola with imports…
Oil rises as OPEC members implement output deal
Oil prices rose more than 1 percent on Friday as members of the Organization of the Petroleum Exporting Countries (OPEC)…
Kaduna refinery loses N2bn annually to illegal tappers
Kaduna Refining and Petrochemical Company Limited (KRPC) records an average loses of N2.2 billion annually due to illegal tapping of…
Demand for Nigerian Crude soars
Nigeria’s oil proceed is expected to increase as demand for the country’s crude soars with crude cargoes for March 2017…