Nigeria has joined other oil-producing countries in ramping up oil production despite low demand caused by COVID-19.
Nigeria’s five million tons Liquefied Petroleum Gas (LPG) 2023 consumption target will require at least $6 billion to build the needed infrastructure for it to be achieved, Dayo Adeshina, Programme Manager, National Liquefied Petroleum Gas Expansion Plan has said.
The COVID-19 pandemic has meant more time for oil and gas exploration firms to bid on five blocks offshore Lebanon.
Finally, the era of subsidy on petrol in Nigeria has gone forever, says Mele Kyari, the Group Managing Director of the Nigerian National Petroleum Corporation (NNPC).
The oil and gas industry is facing a downturn exacerbated by the COVID-19 coronavirus pandemic, but companies in the sector are well-placed to help fight the spread of coronavirus.
Despite the deregulation of petroleum products, the pump prices of diesel and kerosene in Nigeria have yet to reflect the collapse of global crude oil prices, Punch has reported.