Tag: Crude Oil
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Senate approves 2023-2025 MTEF/FSP
The Senate on Wednesday approved the 2023-2025 Medium Term Expenditure Framework(MTEF) and Fiscal Strategy Paper (FSP) for the country.
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NNPC discovers illegal pipeline routed into the sea for crude oil theft
The Nigerian National Petroleum Company (NNPC) Limited has revealed the discovery of an illegal oil pipeline that is routed into the sea and used in stealing crude oil.
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Petroleum upstream commission moves to enhance national crude oil production
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) has expressed determination to take bold and revolutionary steps, using a non-kinetic approach, to address the challenges of crude oil theft, improve national crude oil production and save the country’s economy from further degeneration.
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We will soon reveal ‘big men’ behind crude oil theft – Garba Shehu
Malam Garba Shehu, Senior Special Assistant to President Muhammadu Buhari on Media and Publicity has said the federal government would soon reveal the identities of important personalities behind crude oil theft in the country.
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FG moves to tackle crude oil theft
The Federal Government through the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) says it has developed key initiatives aimed at reducing to the barest minimum activities of crude oil theft and illegal artisanal refining. Engr Gbenga Komolafe, Chief Executive Officer, NUPRC, made this known at the Lagos Chamber of Commerce and Industry (LCCI) Public Private –…
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NNPC boss seeks support of stakeholders in oil and gas to tackle crude theft in Niger Delta
the theft of crude oil is denying the country funding to boost economic development
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Crude oil probe: Reps demand proper report of volume of produced oil by NUPRC
The House of Representatives on Tuesday directed the Nigerian Upstream Petroleum Regulatory Commission to submit proper reports on the volume of crude oil produced and details on the projected revenue. The panel also requested for details of crude oil production from October 2021 to March, 2022, with a view to determine the revenue accrued to…
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FG is determined to end crude oil theft – Sylva
The Federal Government says it is determined to stop the economic devastation occasioned by the activities of illegal refiners, pipeline vandalism and crude oil theft in the country. The Minister of State Petroleum Resources, Chief Timipre Sylva, said this on Wednesday at Bonny Island, Rivers, while addressing officers of the 146 Battalion and other security…
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Ukraine crisis: Crude oil hits $100 per barrel
At last, the price of crude oil (Brent) has hit the roof at $100 per barrel in the international market, due mainly to the ongoing Ukraine crisis. The price of oil had been predicted to rise to $100 per barrel because of a sustainable increase in demand after the Coronavirus pandemic lockdown, but it did…
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NNPC hits $224.29 million proceeds from export of crude oil, gas in August 2021
The Nigerian National Petroleum Company (NNPC) Limited recorded $224.29million receipt from crude oil and gas export in August 2021 as against $191.26million in July 2021.