The Nigerian National Petroleum Corporation has spent a total of N53.36bn on pipeline repairs and management cost from January to November.
Saudi Arabia is prepared to support extending oil cuts by OPEC and allies into May and June and is also ready to extend its own voluntary cuts to boost oil prices amid a new wave of coronavirus lockdowns, the Reuters news agency reported on Monday, citing a source briefed on the matter..
The managing director, Rain Oil Limited, Dr. Gabriel Ogbechie has urged Investors to deepen their investments in gas in order to attract maximum benefits to Nigeria’s economy.
French energy company Total said it had postponed the restart of work at a liquified natural gas (LNG) project in Mozambique following an attack on a nearby town this week.
The supply of Premium Motor Spirit (petrol) by the Nigerian National Petroleum Corporation hit a high of 72.72 million litres daily in December amid the smuggling of the product to neighbouring countries.
The current ex-depot price of Premium Motor Spirit (petrol) would be maintained until the conclusion of ongoing engagement with the organized labour and other stakeholders, says Nigerian National Petroleum Corporation (NNPC).