Nigeria’s crude production to increase by 30,000bpd
Nigeria’s Oriental Energy Resources Limited has unveiled a $315 million Floating Production, Storage and Offloading (FPSO) vessel to boost Nigeria's oil production capacity.
Libya emerges Africa’s highest oil producer as Nigeria’s output drops 6.8% to 1.23 mbpd
Libya has emerged as the highest crude oil producer in Africa following the drop of Nigeria’s output by 6.8 per cent to 1.23 million barrels per day in March 2024, from 1.32 bpd in February 2024.
Oil Theft: ‘Actual stealing at export terminals, flow-stations, not refining camps’
They said the International Oil Companies, IOCs, Federal Government’s officials, and security agents masterminded the rip-off, beseeching President Tinubu to evolve a blueprint to fight oil thieves
Over 80% of Nigeria’s crude oil stolen — Obasanjo
According to the former president, one of the reasons why Nigeria’s economy is in ruins is that while other oil-producing countries have records of their oil production, Nigeria cannot account for hers due to theft.
Dangote Refinery gets first one million barrels of crude shipment
“The maiden one million barrels, which represent the first phase of the 6 million barrels of crude oil to be supplied to Dangote Petroleum Refinery, should sustain the initial 350,000 barrels per day to be processed by the facility”
Why U-turn is needed after 60yrs of oil dependence — Stakeholders
Stakeholders from various sectors have called on the Federal Government, FG, to make a significant U-turn after six decades of heavy reliance on petroleum resources.
