Nigeria | Egypt Oil & Gas - Part 11
Agip $13.5b Project Boosts Nigeria’s Oil Production
Nigeria’s daily crude oil production is expected to rise as the Nigerian Agip Exploration Limited (NAE) starts work on Zabazaba deep water project, which is expected to gulp $13.5b. Agip will start taking in commercia...
Nigeria Reduces 26% of Gas Flaring
The Nigerian National Petroleum Corporation (NNPC) announced that Nigeria shortened gas flaring by 26% in the last ten years, All Africa reported. According to This Day, the decline in gas flaring pushed the African c...
Nigeria: Lekoil and GE Collaboration
Lekoil Ltd announced that it has signed a memorandum of understanding with GE Electric Co. to develop a work program for the Ogo field in OPL310 offshore Nigeria, earlier this week, 4-traders reported. According to Of...
Nigeria Loses Oil buyers to the US
Being busy trying to evolve back from all the militant attacks that Nigeria has been facing, US crude oil exports ceased the opportunity and took over destinations that used to be dominated by Nigeria, Oil Price re...
SN to Fund Solar Energy Companies in Nigeria
Solar Nigeria Program (SN) will fund reputable solar energy companies in Nigeria by giving them additional $16.17m to assist their ongoing projects, The Guardian reported. SN’s Private Sector Coordinator, Ifunanya Nwa...
Nigeria: NNPC to Invest in Power Generation
Nigeria’s state oil company announced its plan to head towards power generation and transmission this week in line with its strategy to resolve Nigeria’s long-standing power problems, Reuters reported. According...
Nigeria’s Central Bank Releases Fuel Forex
The Nigerian National Petroleum Corporation (NNPC) announced late March the release of foreign exchange (Forex) by the Central Bank of Nigeria (CBN) to marketers to import diesel and aviation fuel, All Africa reported...
West Africa Loading Program Emerge
US Chevron has booked the Besiktas Bosphorus tanker to take West African crude to Israel loading early April, according to Reuters shipping data. A trader said that the tanker would load at the Djeno port in the Repub...
