W/Africa Crude: Nigeria’s July surplus gets smaller
A SURPLUS of Nigerian car-go for July loading is getting smaller after a drop in differentials boosted demand, traders said on Tuesday. According to Reuters, there were six to seven cargo of Nigerian crude for July loading, down from Monday’s estimate of 10-15.
Marketers accuse FG of encouraging market ‘monopoly’
PRIVATE and independent oil marketers have accused the Petroleum Products Pricing Regulatory Agency, PPPRA, of encouraging a monopolistic system in the downstream petroleum sector run by the Nigerian National Petroleum Corporation, NNPC, and major marketers.
RETURN OF N-DELTA MILITANCY? Major crude oil, gas pipelines bombed
Attacks on oil installations in Delta State entered the third day, yesterday, as militants blew-up major crude oil and gas pipelines to the Chevron Nigeria Limited, CNL, Tank Farm in Warri South West Local Government Area of the state.
Nigeria’s crude oil export dips by N4.4trn in 9 months
A sharp decline was recorded in revenue accruable to the Federal Government from the petroleum sector, as the country’s earnings from crude oil export dropped to N5.271 trillion for the nine month period, January to September 2015.
Indigenous operators produce 6% of Nigeria’s oil
Independent and marginal oil fields’ operators as at the end of the third quarter, Q3, accounted for about 5.72 per cent of total crude oil and condensates production, according to the Nigerian National Petroleum Corporation, NNPC financial statement.
Shocking: Navy arrest boat with 400 truckload of stolen crude oil
THE Nigerian Navy in the Delta state has arrested a self propelled barge loaded with estimated 4000metric tonnes, equivalent of 400 truck load of suspected crude oil in what the Central Naval Command, CNC, described as “a big break in the fight against oil theft” in the Niger Delta.
