Emmanuel Ibe Kachikwu | Egypt Oil & Gas

Eni to Construct New Crude Oil Refinery in Nigeria

The Italian oil company Eni is planning to construct a crude refinery in Nigeria through its Agip subsidiary with capacity of 150,000b/d.

Nigerian Oil Minister: OPEC Must Lower Production Costs

Nigerian Minister of Oil, Emmanuel Ibe Kachikwu said that Members of the Organization of the Petroleum Exporting Countries (OPEC) must lower production costs to compete better with shale producers.

Nigeria Seeks Capital for Drilling Projects, Debt Repayment

Nigeria is in talks with oil majors and banks to raise capital for new drilling projects as most recent statistics have indicated that the country has seen a loss in oil capital of up to $1.34b in 2015.

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