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Nigeria owing IOCs $5.1bn

Refinery overhaul projects to start in second quarter- NNPC

The Nigerian National Petroleum Corporation (NNPC) has said that refinery overhaul projects will begin as soon as the second quarter, this year. NNPC’s Chief Operating...

Commission okays Norway's $1tr wealth fund oil stocks investments

India to import 11m mt of crude oil from Nigeria by 2017

Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume next year with additional 2 million metric tonne (mt) of crude oil...