Oil & Gas

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

The $20 billion refinery project in Nigeria, the brainchild of Africa’s richest man, Aliko Dangote, is having payment problems, which is delaying the discharge of crude oil shipment from Chinese state energy

Emmanuel Ochayi

9 hours ago

AMA News·Oil & Gas

Renewable Energy: The Hottest Investment Space in Africa

LONDON, England, 24 April 2024, /African Media Agency/- Renewable Energy is one of the hottest investment spaces in Africa and AFSIC – Investing in Africa 2024 will continue to highlight important discussions from top companies on

Prime Business Africa

2 days ago

Business·Latest News·Oil & Gas·World News

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

According to data released by the Joint Organisations Data Initiative (JODI), global crude oil production took a dip by 1.2 million barrels per day (bpd) in February compared to the same period

Emmanuel Ochayi

1 week ago

OPEC Envisions Medium-Term Emergence Of Modular Refineries In Nigeria

Business·Latest News·Oil & Gas

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

The Nigerian government has greenlit domestic crude oil transactions to be conducted in naira or dollars, addressing long-standing concerns of indigenous refineries and operators. The declaration, announced by the Nigerian Upstream Petroleum

Emmanuel Ochayi

1 week ago

Business·Oil & Gas

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Wumi Iledare, has called on authorities in Nigeria's oil and gas sector to come up with drastic measures to ramp up crude oil production which is the major revenue earner for the

Victor Ezeja

2 weeks ago

Business·Latest News·Markets·Oil & Gas

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigeria, Africa’s largest oil producer, faced a significant revenue setback as a consequence of consecutive declines in crude oil production. The country lost about N720 billion due to a slump in production

Emmanuel Ochayi

2 weeks ago

Business·Latest News·Oil & Gas

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

The Nigerian military has intensified efforts to tackle the rampant issue of oil theft in the Niger Delta region, with a recent operation resulting in the recovery of approximately 700,000 liters of

Emmanuel Ochayi

2 weeks ago

Business·Latest News·Oil & Gas

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Nigeria’s oil production saw a decline for the second consecutive month, hitting 1.231 million barrels per day in March, according to the latest report from the Organisation of Petroleum Exporting Countries (OPEC).

Emmanuel Ochayi

2 weeks ago

List Of 7 African Presidents To Join Aliko Dangote To Commission World’s Largest Refinery Today

Business·Latest News·Oil & Gas

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

Oil marketers in Nigeria are pushing for a price cut in diesel produced by the Dangote Petroleum Refinery, urging a reduction to between N700 and N850 per litre. They argue that the

Emmanuel Ochayi

2 weeks ago

NNPC: Petrol Import To Stop As Port Harcourt Refinery Begins Operations Soon

Business·Latest News·Oil & Gas

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

The Nigerian National Petroleum Company Limited (NNPCL) is facing scrutiny over its sluggish repayment of $3 billion debt owed to oil traders for imported petrol. Despite making progress in clearing the overdue

Emmanuel Ochayi

3 weeks ago

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Oil & Gas

Dangote Refinery: How Forex Shortage Is Delaying Crude Supplies

Renewable Energy: The Hottest Investment Space in Africa

Global Crude Oil Production Dips By 1.2 Mbpd In February: Saudi Arabia, Iraq Declines As U.S. Sees Increase

Dangote, Modular Refineries To Pay Naira For Crude Oil- Nigerian Govt

Expert Calls For Maximum Utilisation Of All Oil Wells As Production Declines Further

Nigeria’s Crude Oil Production Decline Costs Country N720bn In Revenue In 2 Months

Nigerian Military Cracks Down On Oil Theft, Seizes 700,000 Stolen Liters Of Crude

Oil Theft, Vandalism Plague Nigeria’s Oil Production, OPEC Reports Decline To 1.23mbpd

Oil Marketers Call For Reduction In Dangote Diesel Price To N850/Litre

NNPCL Slow To Settle $3bn Debt To Oil Traders, Cites Rising Global Prices, Refinery Progress

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