Shell Nigeria Gas (SNG) has completed the final phase of its 20km domestic gas pipeline expansion project in Abia State, connecting Agbor Hill, Osisioma, and Araria industrial zones.
As the President, Major General Muhammadu Buhari inaugurates the Ajaokuta-Kaduna-Kano (AKK) gas pipeline project virtually on Tuesday (today), the Nigerian National Petroleum Corporation says it targets to complete the project in 24 months.
The Minister of State for Petroleum Resources, Timipre Sylva, has disclosed that the number of oil marine vessels owned by the country has significantly increased from three percent to over 40 percent.
The United States cut its imports of Nigerian crude oil by 60.37 percent to 1.93 million barrels in January this year, compared to the 4.87 million barrels bought in the same month in 2019.
Royal Dutch Shell has circulated its export schedule for June loading of Nigerian Bonny Light and Bonga crude, with the former set to fall sharply in June.
The International Monetary Fund (IMF) has said that due to the impact of coronavirus which has caused the global fall in oil prices and demand, Nigeria’s oil and gas exports are expected to fall by at least $26.5bn this year.
NNPC has delayed publishing its future oil export plans as it negotiates with local companies and international majors about how to cut output in line with a global deal on production curbs, trading sources said.
The Executive Secretary of the Nigerian Shippers Council, NSC, Hassan Bello, has said that Nigerian shipping firms have not been involved in lifting the nation’s crude oil due to lack of opportunity and not because they lack capacity.
The Nigeria Union of Petroleum and Natural Gas Workers, NUPENG, has threatened to go on strike if the management of the Port Harcourt Company, PHRC, does not revoke its decision to sack over 175 casual workers.
The Nigerian Association of Liquefied Petroleum Gas Marketers (NALPGAM) said on Wednesday that cooking gas retailers have been permitted to operate during the COVID-19 lockdown.