Crude Oil – Page 3 of 4 – Prime Business Africa

IPMAN Asks FG To Partner With Illegal Refinery Operators In Creeks

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria loses at least 700,000 barrels of crude oil to thieves per day, the Minister of State for Petroleum Resources, Timipre Sylva, has revealed. This compounds the revenue problem of the country. According to Sylva, “Oil theft has denied the country of

October 31, 2022

Business·Oil & Gas

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

The Executive Commissioner, Corporate Services and Administration of the Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Jide Adeola, said that Nigeria doesn’t meet its daily production target. According to Adeola, the country has a 1.8 million barrels production target, however, it produces 1.23 million

September 22, 2022

Business·Oil & Gas

Dangote Refinery Has Right Of First Refusal To Nigeria’s Crude Oil – NNPC

The Group Chief Executive Officer of the Nigerian National Petroleum Company (NNPC) Limited, Mele Kyari, said the corporation held the right to sell crude to Dangote Refinery, owned by billionaire, Aliko Dangote. Kyari explained on Tuesday, that in the agreement signed with

August 31, 2022

Business·FEATURES·Top Stories

The Oil Palm War in Nigeria – SPECIAL REPORT

Prior to the discovery of crude oil, Nigeria is the home of the black oil, now known as the oil palm. In the 19th century, shortly after the end of slavery, a part of Nigeria, now known as Niger Delta was identified

August 26, 2022

NNPCL Denies Inflating Fuel Subsidy Payments

Business·Oil & Gas

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

The Nigerian National Petroleum Company (NNPC) Limited lost $1.068 billion oil revenue in one month as the corporation struggles to curb crude oil loss, preventing the firm from remitting into the federal account. NNPC’s loss was as a result of the 9.4

August 25, 2022

Business·Oil & Gas

UN Criticises Oil Companies For Making Over $100 billion In Three Months

The secretary-general of the United Nations, António Guterres, has condemned oil and gas companies for taking advantage of the rising price of crude oil to increase their earnings in the first quarter of 2022. Combined profits of some of the largest energy

August 4, 2022

Business·Oil & Gas

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Seplat Energy has commenced transportation of crude through the new Amukpe-Escravos pipeline in Niger Delta, as the oil and gas company looks to reduce it dependence on Trans Forcados System. The firm had previously been using the Trans Forcados System as route

August 2, 2022

Business·Oil & Gas

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Nigeria has yet again lost its position as the largest oil producer in Africa, after producing less crude compared to Angola in June. This is the second months the country will fall behind, with May being the first. Oil companies in Nigeria

July 13, 2022

Business·Oil & Gas

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

The Group Chief Executive Officer of Oando Plc, Wale Tinubu, said Nigeria’s Gross Domestic Product (GDP) is at risk of losing millions due to the crude oil barrels pumped by oil companies that are lost to sabotage and theft. Tinubu said the

July 7, 2022

Business·Oil & Gas

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

Nigeria spent N947.51 billion on petrol subsidy within the first four months of this year, as rising crude oil price eats into the revenue generation of the country, surging by 55.7%, to rise from $78.98 to $122.99 between January to April, amid

June 9, 2022

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Crude Oil - Page 3

Nigeria Loses $63 million Oil Revenue Daily, $1.9 billion Monthly To Oil Thieves

Nigeria Loses N877 billion, As It Struggles To Meet Crude Oil Production Target

Dangote Refinery Has Right Of First Refusal To Nigeria’s Crude Oil – NNPC

The Oil Palm War in Nigeria – SPECIAL REPORT

Five Reasons NNPC Lost $1.06 billion Oil Revenue In One Month

UN Criticises Oil Companies For Making Over $100 billion In Three Months

Seplat Energy To Operate New Export Route After Revenue Loss To Vandalism

Nigeria Loses Largest African Oil Producer Status To Angola, As OPEC Reveals Country’s Problem

Oando Boss, Wale Tinubu, Says Business Suffering From Oil Theft, Reveal Losses

Russia-Ukraine War: Buhari’s Gov’t Spends N947.51 billion On Fuel Subsidy In 4 Months

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