Crude Oil

NNPC Rakes In $224.29m From Export Of Crude Oil, Gas

The Nigerian National Petroleum Company (NNPC) Limited posted a total of $224.29million receipt from crude oil and gas export in August 2021 against $191.26million recorded last July A breakdown of the figures

3 years ago

by Main Admin

Why High Crude Oil Prices Is Not Adding Value To Nigeria’s Economy -World Bank

Nigeria was yet to benefit from increasing oil prices as a result of declining oil production and fuel subsidy,the World Bank has said. It also said the country’s oil production declined in 2021

3 years ago

Oil&Gas

Nigeria’s Crude Oil Output Decreased By 24,000b/d Last Month,Says OPEC

Nigeria’s crude oil production dropped to an average of 1.354 million barrels per day in March 2022,according to Organisation of the Petroleum Exporting Countries (OPEC) . The figure showed a decrease of

3 years ago

Oil&Gas

Crude Oil Prices: Wabote Sees Increased Prospects For African Producers

Executive Secretary,Nigerian Content Development and Monitoring Board (NCDMB), Engr. Simbi Wabote,says the recent spike in crude oil prices presents excellent opportunity for African oil producers and its service providers to develop new

3 years ago

Oil&Gas

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