Tag: Crude Oil
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BREAKING: NNPC unveils new crude oil grade
In a major boost for Nigeria’s crude oil production, revenue generation and economic growth efforts, the Nigerian National Petroleum Company (NNPC) Limited has officially unveiled its latest crude oil grade, the Utapate crude oil blend, before the international crude oil market.
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NNPC records 1.8mbpd crude oil production
The Nigerian National Petroleum Company (NNPC) Limited says it has achieved 1.8 million barrels per day crude production following continuous dislodgement of pipeline vandals and crude oil thieves.
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Nigeria has no reason to import crude oil – IPPG
Nigeria should not be importing crude oil to meet domestic refinery feedstock needs, says the Independent Petroleum Producers Group (IPPG).
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FG sets new target for oil, gas production
The Federal Government has said that it is targeting four million barrel per day (bpd) of oil production, and 10 billion cubic feet (bcf) of gas production by 2030.
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Crude oil ‘wahala’: NASS to unveil joint probe into petroleum sector malpractices today
The National Assembly would unveil its probe into alleged economic sabotage within Nigeria’s petroleum sector, following the decision to form a joint committee. This became necessary after the earlier suspension of separate probes by the Senate and House of Representatives in July. The Senate Leader, Senator Opeyemi Bamidele, who also chairs the Senate Ad-hoc Committee…
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FG set to boost oil production to 2 million bpd
Senator Heineken Lokpobiri, Minister of State Petroleum Resources (Oil), says Oando’s acquisition of Eni’s Subsidiary, Nigerian Agip Oil Company (NAOC) will ramp up crude oil production to two million barrels per day (bpd).
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Navy dismantles massive 2 million litres per day refinery in Rivers
He said the feat was achieved through the contributions of the Nigerian Navy’s aggressive campaign against crude oil theft under its ‘Operation Delta Sanity’, which he said also destroyed 15 illegal refinery sites, 17 wooden boats, and 10 refining ovens across Bayelsa, Rivers, Delta and Ondo States.
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NNPC makes fresh delivery of crude oil to Dangote Refinery
The Nigerian National Petroleum Company (NNPC) Limited has disclosed it would be supplying a total of 17.6 million barrels of crude oil to Dangote Refinery between September and October 2024 as part of the federal government’s push to drive local production of petroleum products.
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FG to begin crude oil sales to Dangote in Naira October
The Federal Government says it will begin crude oil sales in Naira to Dangote Refinery and others in October.
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FG reveals oil revenue growth of 30% in 2024
The Federal Government says Nigeria’s oil revenue grew from 11 per cent in the first half of 2023 to 30 per cent in the first half of 2024.