Reps Issue Fresh Directive To NUPRC On Crude Oil Production, Sales …C0NTINUE READING HERE>>> The House of Representatives has instructed the Nigeria Upstream Petroleum Regulatory Commission (NUPRC) to furnish comprehensive information regarding all oil production, crude sales, and other operations within the country’s upstream petroleum sector. Henzodaily reports that the directive was issued during a … Read more
BREAKING: Finally, Port Harcourt Refinery Commences Crude Oil Production …C0NTINUE READING HERE >>> Newsone Nigeria reports that Port Harcourt Refinery owned by the Federal Government of Nigeria, has commenced processing crude oil production. The Nigerian National Petroleum Company Limited spokesperson, Olufemi Soneye, who disclosed this on Tuesday, November 26, 2024, said the refinery has kicked off with … Read more
‘Why There’s A Difference Between NNPC And NUPRC Released Figures On Crude Oil Production’ …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company Limited (NNPCL) has clarified the reason for the seeming discrepancy between its figures on crude oil production and those released by the Nigerian Upstream Petroleum Regulatory Company (NUPRC). The NNPCL, in a … Read more
Dangote Refineries still embittered over Naira – Crude oil initiative …C0NTINUE READING HERE >>> The Federal Government’s initiative to sell crude priced in naira is losing steam, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Recall early last month, Nigeria officially commenced the sales of … Read more
BREAKING: NNPC unveils new crude oil grade …C0NTINUE READING HERE >>> In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the Nigerian National Petroleum Company (NNPC) Limited has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market. Recall that in … Read more
NNPC records 1.8mbpd crude oil production …C0NTINUE READING HERE >>> The Nigerian National Petroleum Company (NNPC) Limited says it has achieved 1.8 million barrels per day crude production following continuous dislodgement of pipeline vandals and crude oil thieves. Mr Lawal Musa, Chief Production War Room Officer, NNPC Ltd., said this on Thursday in Abuja during … Read more
‘Trump’s Election Victory Raises Oil Prices’ …C0NTINUE READING HERE >>> Oil prices turned upward yesterday after initially dropping over $2 per barrel, despite a report of unexpected growth in U.S. crude stockpiles, as released by the Energy Information Administration (EIA). Brent crude futures rose 38 cents, or 0.5%, reaching $75.91 per barrel, while U.S. West … Read more
Oil Marketers Write Tinubu, Mull Shutting Down As Nigerians Reduce Fuel Consumption …C0NTINUE READING HERE >>> Amid a steep decline in fuel consumption due to surging fuel prices, oil marketers in Nigeria are facing unprecedented challenges, with around 10,000 dealers on the brink of shutting down. Recent data from the Nigerian Midstream and Downstream Petroleum … Read more
Crude Oil Supply Challenges Ease As Dangote Refinery Receives Four Cargoes …C0NTINUE READING HERE >>> The Dangote Petroleum Refinery has taken delivery of four crude oil cargoes from the Nigerian National Petroleum Company Limited (NNPCL) as part of the naira-for-crude agreement, according to officials from both the refinery and the Federal Government on Tuesday. The … Read more
Nigeria has no reason to import crude oil – IPPG …C0NTINUE READING HERE >>> Nigeria should not be importing crude oil to meet domestic refinery feedstock needs, says the Independent Petroleum Producers Group (IPPG). Its Chairman, Mr Abdulrazaq Isa, said this at the Crude Oil Refinery Owners Association of Nigeria (CORAN) Summit in … Read more