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Modular-refinery

FG to legalize mini refineries, supply them with crude oil

Nigeria will legalise currently outlawed mini refineries in the Niger Delta oil hub by the end of the year and supply them with crude at a reasonable price, the...

Court

Court remands three men over illegal possession of crude oil

The Federal High Court, Abuja, on Monday ordered the remand of three men in Kuje Prison, for alleged illegal dealing in crude oil. The defendants, Abdul Abdulzaiz,...

Indonesian Ambassador to Nigeria, Harry Purwanto

Indonesia wants to buy more crude oil from Nigeria, says Envoy

Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria. The Indonesian Ambassador to Nigeria,  Harry Purwanto,...

Harry Purwanto

Indonesia wants to buy more crude oil from Nigeria, says Envoy

Indonesia, a South East Asia emerging economy, has indicated interest to purchase more crude oil from Nigeria. The Indonesian Ambassador to Nigeria,  Harry Purwanto,...

crude oil tanker demolition

BIMCO: Increased crude oil tanker demolition a positive sign

A total of 1.3 million dwt of crude oil tanker capacity was sent to the scrapyards during the first four months of 2017, heading to the expected demolished capacity of...

Nigeria, China sign $2bn deal on cotton value chain industry

Nigeria, U.S. trade hits $1.36b in two months

Nigeria’s trade with the United States (U.S.) rose by 70.44 per cent from $799.93 million in January and to $1.36 billion in February, according to the latest U.S....

CRUDE-OIL

Concerns over diversion of proceeds from crude oil export

Recent discovery by the Nigerian senate over diversion of crude of oil export proceeds may have rattled stakeholders who believe that the problem of Nigeria is...

crude oil

People are selling crude oil in Transcorp Hilton, NNPC raises alarm

The Nigerian National Petroleum Corporation (NNPC) has warned the general public to beware of fraudsters who parade themselves as representatives of the corporation to...

Ibas-Navy

Nigerian Navy confiscates N420bn crude oil, 263 boats in 2016

The Chief of the Naval Staff, (CNS) Vice Admiral Ibok-Ete Ibas has presented an operational scorecard of the Service for 2016. In his 2017 budget defence at the House of...

Nigerian Navy confiscates N420bn crude oil, 263 boats in 2016

The Chief of the Naval Staff, (CNS) Vice Admiral Ibok-Ete Ibas has presented an operational scorecard of the Service for 2016. In his 2017 budget defence at the House of...

Navy arrest nine suspected oil thieves, vandals in Delta

Navy seizes N420bn stolen crude oil, arrests 33 ships

The Nigerian Navy said on Wednesday that it seized 810,725 metric tonnes of stolen crude in 2016 alone. It also seized 1,078,104 metric tonnes of illegally-refined...

Crude-Oil - exports

Russia beats Saudi Arabia as China’s top crude oil supplier

Russia overtook Saudi Arabia in 2016 to became China’s biggest crude oil supplier for the first year ever, boosted by robust demand from independent Chinese...