crude oil | Egypt Oil & Gas - Part 17

NNPC Awarded 2017 Crude Contracts

Nigerian National Petroleum Corporation (NNPC) has awarded its 2017 crude oil term contracts to 39 companies worth a total of more than $72m per day.

Oil to Fund 40% of Nigeria Fiscal Plan

Nigeria to focus on crude oil to fund the 2017 fiscal plan where oil mineral resources are projected to provide 40% of the revenue.

Crude Oil Found in Nigeria’s Borno State

Borno State, in northeastern Nigeria, has joined the league of oil-producing areas in the country, with the discovery of crude oil after many months of exploration,

India to Import Nigerian Crude Worth $3.85b

Indian state-run oil refiners have indicated interest to increase total crude oil consumption volume with additional 2m tons of crude oil import from Nigeria in 2017.

Nigeria to Search for Oil in the Gulf of Guinea

Nigerian National Petroleum Corporation (NNPC) has announced that it is ready to explore for crude oil in the Gulf of Guinea.

Nigeria Lost 130m Barrels of Crude

Nigeria has lost over 130m barrels of crude oil from January to November this year to the activities of 32 militant groups in the Niger Delta region.

224 Firms Submitted Bids to Lift Nigerian Crude

The Nigerian National Petroleum Corporation (NNPC) has announced that 224 companies have submitted bids for the lifting and sale of crude oil during the upcoming 12-months calendar.

Nigeria to Import Crude from Niger, Chad

Nigeria is considering importing crude oil from Chad and Niger Republic to supply the Kaduna refinery in attempt to resolve Nigeria's chronic petrol shortage crisis.

Angola, Nigeria Shipped Crude to Argentina

Two tankers carrying 3m barrels of Nigerian and Angolan crudes set sail in November to Argentina to feed its domestic refining network, pushing the country's imports close to 2015's level.

Kuwait Boosted Oil Exports to Japan

Kuwait crude oil exports to Japan increased by 33.7% during September, when compared to volumes from the same period during 2015. It reached 6.83mb of oil, averaging 228,000b/d.

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