NPDC to compete with Shell, others as Nigeria’s top oil producer – Baru

NPDC to compete with Shell, others as Nigeria’s top oil producer – Baru

The Group Managing Director of the Nigerian National Petroleum Corporation (NNPC), Dr. Maikanti Baru, has disclosed that the Nigerian Petroleum Development Company (NPDC) is...

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Kachikwu denies interest in OML 11

Kachikwu denies interest in OML 11

The Minister of State for Petroleum Resources, Dr Ibe Kachikwu, on Friday said he has no special interest in Oil Mining Lease (OML) 11...

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Security a major concern for Shell as it finalises $15bn investment plan

Security a major concern for Shell as it finalises $15bn investment plan

In spite of security concerns in the Niger Delta, Shell Petroleum Development Company (SPDC), will later this year kick-start its expenditure plans on oil...

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Senate says NNPC illegally paid $707m in fuel subsidies in 2017

Senate says NNPC illegally paid $707m in fuel subsidies in 2017

Nigeria’s state oil company is alleged to have illegally paid 216 billion naira ($707.4 million) in fuel subsidies in 2017, Reuters reports. This was according...

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NNPC to spend more on subsidy as rising oil price increases petrol landing costs

NNPC to spend more on subsidy as rising oil price increases petrol landing costs

The expected open market price (EOMP) of Premium Motor Spirit (petrol) being imported into Nigeria may have risen above N190 as crude oil prices...

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Petrol stock builds off W. Africa as NNPC secures supplies before 2019 elections

Petrol stock builds off W. Africa as NNPC secures supplies before 2019 elections

An unusually large quantity of petrol is floating off the coast of West Africa as Nigeria boosts imports to avoid shortages before a presidential...

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U.S. currently exports more crude oil than Nigeria

U.S. currently exports more crude oil than Nigeria

After drastically reducing its imports of crude oil from Nigeria a few years ago, the United States is now exporting more crude than Africa’s...

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Kano state governor grants FG land for trans Nigeria gas pipeline project

Kano state governor grants FG land for trans Nigeria gas pipeline project

Kano state Governor, Dr. Abdullai Umar Ganduje has issued a notice of land acquisition in line with the Land Use Act No. 6 of...

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Nigerian oil bid round unlikely to happen until after 2019 elections

Nigerian oil bid round unlikely to happen until after 2019 elections

President Muhammadu Buhari is not predisposed to assenting to a bid round, for now, sources at the Nigerian Ministry of Petroleum have suggested, primarily...

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