Oil and Gas
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Dangote Refinery’s Impact on Europe’s Petroleum Market Highlighted by OPEC
By DAYO ADESULU The Organisation of the Petroleum Exporting Countries (OPEC) has acknowledged the significant impact of Nigeria’s Dangote Petroleum…
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Nigeria’s Oil Production Rises Despite Challenges
By DAYO ADESULU Year-on-Year Increase in Production Nigeria’s daily average oil production rose by 7.38% in December 2024, reaching 1.667…
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Nigeria Earns Only 5% of Revenue From Crude Oil Exports
By DAYO ADESULU Despite being Africa’s largest producer of crude oil, Nigeria generates a mere 5% of the total revenue…
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Dangote Refinery Resumes U.S. Crude Purchases Amid Rising Oil Production Goals
Lagos, Nigeria – The Dangote Petroleum Refinery has restarted the importation of crude oil from the United States after a…
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NNPC Addresses Port Harcourt Refinery Delays Amid Growing Public Discontent
By DAYO ADESULU Challenges Behind Refinery’s Delayed Completion The Nigerian National Petroleum Company (NNPC) has provided new insights into why…
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Africa’s Richest Man Seeks Billions to Enhance Refinery Capacity
By DAYO ADESULU Aliko Dangote, Africa’s wealthiest individual, is currently in discussions with foreign banks to secure billions of dollars…
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Nigeria’s Oil Production Hits 1.8 Million Barrels per Day, Federal Revenue Set to Reach N6.99 Trillion Monthly
By DAYO ADESULU Federal Government to Earn N6.99 Trillion Monthly as Oil Output Reaches New High Nigeria’s Federal Government stands…
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Nigeria’s Oil Output for October Reported Lower Than Federal Government Figures, Says OPEC
By DAYO ADESULU Abuja, Nigeria — The Organization of Petroleum Exporting Countries (OPEC) reported that Nigeria’s crude oil production, excluding…
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IPMAN Secures Agreement with Dangote Refinery for Direct Petrol Lifting
By DAYO ADESULU New Arrangement Aims to Enhance Fuel Supply and Support Nigeria’s Economy The Independent Petroleum Marketers Association of…
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Looming National Strike: NLC and NUPENG Condemn Military Involvement in Oil Rig Dispute
By DAYO ADESULU A national strike could be imminent as the Nigeria Labour Congress (NLC) backs the Nigeria Union of…
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