The Defence Headquarters on Friday said troops in the South-South region recovered stolen crude oil and other related products valued at N2.6n, DAILY POST reports.JAMB Result According to the DHQ, a total of 3,282,250 litres of stolen crude oil, 224,050 litres of illegally refined AGO, and 5,925 litres of DPK were recovered between January 27 … Read more
Africa’s wealthiest individual, Aliko Dangote, has made a significant announcement regarding his refinery’s operations. He confirmed that the Dangote Petroleum Refinery has obtained a license to refine over 300,000 barrels of Nigerian crude oil daily and is gearing up to begin processing gasoline imminently.NYSC Portal Dangote emphasized the strategic decision to commence operations with Nigerian … Read more
The Defence Headquarters (DHQ) says troops of Operation Delta Safe have in the last two weeks, uncovered and destroyed 89 illegal refining sites in the Niger Delta region. ALL AFRICA reports. The troops also discovered and destroyed 21 dugout pits, 56 boats, 138 storage tanks, 235 cooking ovens, six pumping machines, one outboard engine, and … Read more
National Security Adviser (NSA), Nuhu Ribadu, at the weekend, said Nigeria is still losing 400,000 barrels of crude oil daily to local and international thieves, despite efforts to end the menace. THE GUARDIAN reports.informationguidenigeria Ribadu made this known when he led a presidential delegation to inspect oil and gas facilities at Owaza in Abia and … Read more
Auditor General has revealed in a report that the Nigerian National Petroleum Corporation Limited (NNPCL) was unable to account for crude oil deliveries worth over $376,655,589 (N102.6 billion) to the Warri and Kaduna refineries. Information Guide Nigeria According to RIPPLES NIGERIA, the Senate Committee on Public Accounts, led by Senator Matthew Urhoghide, reviewed the report. … Read more
There is a possibility that China’s crude oil imports could rise to as high as 11.8 million barrels per day. THE NATION has reported that China, will also build two new refineries with a combined processing capacity of 520,000 bpd of crude oil in 2023.Information Guide Nigeria These new refineries are expected to raise crude … Read more
The House of Representatives has revealed its plans to investigate the alleged loss of over $2.4 billion in revenue accruing from illegal sale of 48 million barrels of crude oil export in 2015, including crude oil exports from 2014 till date.Information Guide Nigeria The house also said it will set up an ad-hoc committee that … Read more
Nigeria’s Crude Oil Production Standard 1.238m bpd In June – OPEC The Organisation of the Petroleum Exporting Countries (OPEC) says Nigeria’s crude oil production increased to an average of 1.238 million barrels per day (bpd) in June 2022. THE GUARDIAN reports. OPEC disclosed this in its Oil Market Report for July 2022 which was obtained … Read more
OPEC Increases Nigeria’s Crude Oil Production Quota Organisation of the Petroleum Exporting Countries (OPEC) has announced it has increased Nigeria’s crude oil production quota from 1.766 million barrels a day in June to 1.799 million barrels per day for the month of July. News Agency of Nigeria reports that this was disclosed in a statement … Read more