Enter your keyword

News

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

Nigeria’s Q1 refinery output boosted by Niger Delta peace -NNPC

YENAGOA, Nigeria May 17 (Reuters) – Nigeria’s refineries processed 10 million barrels of crude oil in the first quarter, more than they did for the whole of 2015, after talks with militants reduced attacks on facilities, the head of the Nigerian National Petroleum Corporation (NNPC) said. OPEC member Nigeria has a refining capacity of 445,000… READ MORE

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Nigeria’s oil production rose by 274,000 barrels per day in April – OPEC

Crude oil production in Nigeria rose by 274,000 barrels per day in April, the Organisation of Petroleum Exporting Countries, OPEC, said on Thursday. The increase, OPEC said, represents the biggest increase among countries within the oil producers’ group. According to OPEC’s latest Monthly Oil Market Report for May released on Thursday, Nigeria’s output was put… READ MORE

Nigeria will start refining oil before 2019 – Kachikwu

Nigeria will start refining oil before 2019 – Kachikwu

The Minister of State for Petroleum Resources, Emmanuel Ibe Kachikwu, has announced that oil companies in the country will start refining crude on or before 2019. The minister made this known while speaking with state house correspondents shortly after meeting with Acting President Yemi Osinbajo and top management of Agip Oil Company in the Presidential… READ MORE