Crude | Doowe Gas

Nigeria’s Crude to be offered at lower prices for May

Nigeria released its official selling oil prices for May, showing a decrease for major grades-Bonny Light BFO-BON and Qua Iboe BFO-QUA, Forcados BFO-FOC and Escravos by around 20 to 25 cents compared with April. Buyers had been largely reluctant to...

April 24, 2019

Green Post

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...

April 19, 2019

Green Post

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...

July 3, 2017

Green Post

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...

March 7, 2017

Green Post

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...

March 6, 2017