As part of measures adopted to strengthen the currency and by extension the nation’s economy, the Federal Government has concluded plans to sell crude oil to the $15 billion…
Algeria has again joined the league of other net exporters of gasoline, the most in-demand product of the distillation of crude oil.
It has been observed that the price of Automotive Gas Oil, also known as diesel, has risen to a high of N250 per litre, with businesses taking a beating on the back of rising energy costs.
Petronas has awarded Block SB405, offshore Sabah, to ConocoPhillips East Malaysia (COPEM), a unit of ConocoPhillips, and Petronas Carigali.
The licensing of more modular refineries to come on stream would put an end to the problem of product scarcity in the country, the Department of Petroleum Resources has said, as it plans to license more of such refineries.
As Egypt and Israel collaborate to export fuel to Europe, they are planning to build an undersea natural-gas pipeline connecting the two countries.
The Major Oil Marketers Association of Nigeria has said that the country spent a total of N10.7tn on fuel subsidy…