Tag: Crude Oil
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JUST IN: NNPC releases April report, announces N748bn PAT
The Nigerian National Petroleum Company (NNPC) Limited has declared a profit after tax of N748 billion for the month of April 2025.
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Dangote pledges petrol price stability despite rising crude oil prices
Dangote Petroleum Refinery and Petrochemicals has reaffirmed its commitment to maintaining stable petrol prices, even as global crude oil prices continue to fluctuate.
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BUNKERING: Army, Tantita Security nab truck laden iIlegally with extracted crude oil in Delta
A joint team comprising officers of the 181 Battalion, Nigerian Army, Oleh, and personnel from Tantita Security Services Nigeria Ltd. has arrested a vacuum truck involved in illegal crude oil extraction at Well 3, Olomoro, in Isoko South Local Government Area of Delta State. According to reports, the truck, which previously belonged to Engr. Daniel…
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FG continues crude oil sales in Naira
The Federal Government has confirmed that crude and refined product sales in Naira initiative will be implemented and continue as a national policy. This assurance was contained in the official X (formerly Twitter) handle of the Federal Ministry of Finance on
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Real reason we introduced sales of crude oil in Naira – FG
The Federal Government said the introduction of the sale of crude oil in Naira was a strategic move to enhance operational efficiency of local refineries by reducing foreign exchange risks and transaction costs.
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2.06m bpd crude oil target in 2025 achievable, says Lokpobiri
Nigeria’s target of 2.06million bpd crude oil production target in 2025, is achievable, the Minister of State for Petroleum, Heineken Lokpobori has said. Lokpobori said this on Thursday night in Abuja at the Nigeria Petroleum Industry Leadership Discourse,
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OPEC downgrades 2025 forecast for U.S. oil
OPEC has downgraded the forecast for the U.S. oil and condensate production in 2025 by 50,000 barrels per day.
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JTF ‘claims glory’ for improved crude oil production
Rear Admiral John Okeke, Commander of the Joint Task Force (JTF) in Niger Delta on Thursday attributed the rise in oil output from 1.2 million barrels per day (mbpd) in January to 1.84 mbpd currently to outcome of intensified battle against oil theft.
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NNPC denies disparity in crude oil production figures
The Nigerian National Petroleum Company Limited (NNPC Ltd.) has said that its crude oil production figures tallied with that of the Nigerian Upstream Petroleum Regulatory Company (NUPRC).
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Dangote Refineries still embittered over Naira – Crude oil initiative
The Federal Government’s initiative to sell crude priced in naira is losing steam, the vice-president of Dangote Industries Limited, Edwin Devakumar, said in an interview with Reuters on Friday. Recall early last month, Nigeria officially commenced the sales of crude oil and refined petroleum products in naira, with Dangote refinery focusing on local supply. The…