Nigeria | Egypt Oil & Gas - Part 20
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, Ecofin Agency informed. NNPC’...
Nigeria to Import Crude from Niger, Chad
Nigerian petroleum officials are considering importing crude oil from Chad and Niger Republic to supply the Kaduna refinery in attempt to resolve Nigeria’s chronic petrol shortage crisis, informed Nigerian Watch...
Nigeria’s Forcados Exports Unlikely to Resume until 2017
Exports of Nigeria’s Forcados crude oil are unlikely to resume until early 2017 as the grade has been under force majeure since February following a militant attack on its main export pipeline, the Trans Forcado...
Nigeria Reaches $5.1b Debt Deal with Oil Majors
Nigeria has reached a $5.1b settlement to reimburse foreign oil companies, including Exxon Mobil Corp. and Royal Dutch Shell Plc, for past operating costs, Bloomberg reported. Nigeria’s Oil Minister, Emmanuel Ib...
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, Reuters reported...
OPEC to Decide on Output Cut
OPEC will debate an oil output cut of between 4.0-4.5% for all of its members except Libya and Nigeria by the end of November. However, the deal’s success hinges on an agreement from Iraq and Iran, which are far...
Nigerian Refineries to Produce Aviation Turbine Kerosene
The Nigerian National Petroleum Corporation (NNPC) stated that the 210,000b/d Port Harcourt refineries would soon commence the production of Aviation Turbine Kerosene (ATK), also known as aviation fuel, reported Vanga...
Shell, Nigeria Signed Funding MoU
Shell Companies in Nigeria, supported by the Nigerian National Petroleum Corporation (NNPC), has signed memoranda of understanding (MoU) with eight Nigerian banks under the revised Shell Contractor Support Fund in ord...
