Enter your keyword

Tags: Crude

Crown Refinery  Partners with Ondo State Government to build $500m modular refinery in Ondo

Crown Refinery Partners with Ondo State Government to build $500m modular refinery in Ondo

Crown Refinery & Petrochemical Limited, a crude oil refining firm, has signed a Memorandum of Understanding with Ondo State government for the building of a $500 million refinery in Ilaje Local Government Area of the state. The plant is designed for an initial production capacity of 30,000 Barrels per day. Located in Eruna Ogboti community… READ MORE

Nigeria inches closer to 40 billion barrels oil reserve target

Nigeria inches closer to 40 billion barrels oil reserve target

The plan by the Nigerian National Petroleum Corporation to grow the nation’s crude oil reserves to 40 billion barrels by the year 2020 received a major boost on Thursday with the execution of a tripartite agreement in Abuja. The agreement was between the NNPC/FIRST Exploration & Production Joint Venture and Schlumberger for the development of… READ MORE

Nigerian government forces crack down on the Delta’s oil bootleggers

Nigerian government forces crack down on the Delta’s oil bootleggers

It comes just weeks after the West African country’s vice president said that more needs to be done to incorporate the bootleggers into legal refining trade. The government has been holding talks with militants to end attacks on official oil production facilities. Attacks cut the OPEC member’s output by 700,000 barrels a day for several… READ MORE

NPDC’s Daily Crude Oil Production To Rise To Half A Million BPD

NPDC’s Daily Crude Oil Production To Rise To Half A Million BPD

The Nigerian National Petroleum Corporation, NNPC has expressed its commitment to grow the Nigerian Petroleum Development Company’s, NPDC, crude oil production to 500,000 barrels per day by 2020. The Corporation said it would also grow NPDC’s gas production to 1500mmscf per day within the same period. The Group Managing Director of NNPC, Dr Maikanti Baru,… READ MORE