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…
NNPC introduces fresh guidelines for crude oil swaps
The Nigeria National Petroleum Corporation (NNPC), says oil companies henceforth bidding for oil-for-products deals, otherwise known as ‘crude oil swaps’…
Oil price steadies as Russia joins OPEC in output cuts
Oil prices steadied on Wednesday as Russia joined OPEC in cutting production to balance the market, although large supply in…
NNPC’s new helmsman’s 16-point reform agenda
Dr Maikanti Kachalla Baru, new Group Managing Director of the Nigerian National Petroleum Corporation, unfolds an ambitious 16-point agenda in…