Tag: crude oil, NEITI, Nigeria
$38.5bn crude oil stolen from Nigeria in 10 years — NEITI
Crude oil and refined product worth $41.9 billion were stolen from Nigeria in the last ten years, the Nigeria Extractive Industries Transparency Initiative...
Youths disrupt production of crude oil at Belema
Barely a month after the official re-opening of Oil Mining Lease, OML-25 flow station in Belema community in Akuku-Toru Local Government n Rivers State, youths...
Nigeria loses 22.6m barrels of crude oil worth $1.3bn in six months
Edo state governor, Godwin Obaseki, on Thursday said the Nigerian National Petroleum Corporation (NNPC) reported that the 22.6 million barrels of crude oil valued...
Kenya becomes crude oil exporter
Kenya has joined the league of crude oil exporters in Africa. President Uhuru Kenyatta flagged off the maiden oil shipment today at a ceremony in the port of Mombasa,...
Nigeria produced 692m barrels of crude oil in 2017 – NEITI
The Nigeria Extractive Industries Transparency Initiative (NEITI) says that 692 million barrels of crude oil were produced in the country in 2017. NEITI disclosed this...
Nigeria lost $9 billion in crude oil freight to foreign ships — Bello
The Executive Secretary/CEO of Nigerian Shippers Council (NSC), Mr. Hassan Bello, is at present the longest serving maritime agency CEO in Nigeria. In this interview...
$406.7m crude oil: Court adjourns FG’s suit against Shell
A Lagos Division of the Federal High Court on Thursday adjourned until June 19, 2019, hearing in a debt recovery suit filed by the Federal Government against Shell...
NIMASA makes case for Nigeria beyond crude oil
The Nigerian Maritime Administration and Safety Agency (NIMASA) has expressed its readiness to develop policies that will see to a smooth transition from the regime of...
How we recovered barge, boat with 900,000 litres of stolen crude oil — Navy
The Nigerian Navy on Sunday said it recovered a metal barge, MV JOSH 1, and a wooden boat drifting with 900,000 litres of stolen crude oil and 2,500 litres of illegally...
NNPC issues 2019-2020 crude oil swap tender
The Nigerian National Petroleum Corporation (NNPC) has issued its 2019-2020 crude-for-product swap tender. In a post on its Twitter handle on Wednesday, NNPC said the...
FG begins tracking of crude oil ships
By Omotilewa Quadri The Minister of State for Petroleum Resources, Ibe Kachikwu on Tuesday in Abuja said the Federal Government had started tracking of Nigeria’s crude...
Nigeria’s daily crude oil production hits 2m barrels
Nigeria’s crude oil daily production recorded rose by 9% to 2.09 million barrels in 2018, compared with the 2017 average daily production of 1.86 million barrels. The...
